homewood suites seattlelynnwood
RLJ Lodging Trust Completes Acquisition of 170-room Homewood Suites Seattle/Lynnwood in WA for 37.9M
RLJ Lodging Trust | July 21, 2015
July 21, 2015 - BETHESDA, Md. - RLJ Lodging Trust (the "Company") (NYSE: RLJ) today announced it has completed the previously announced acquisition of the 170-room Homewood Suites Seattle/Lynnwood in Lynnwood, WA for $37.9 million, or approximately $223,000 per key. The Company funded the acquisition with cash available on its balance sheet. Forward Looking Statements The following information contains certain statements, other than purely historical information, including estimates, projections, statements relating to the Company's business plans, objectives and expected operating results, and the assumptions upon which those statemen...
RLJ Lodging Trust to Acquire Two Premium, Focused Service Hotels for $105.9 Million
RLJ Lodging Trust | July 16, 2015
BETHESDA, Md.--July 16, 2015--RLJ Lodging Trust (the "Company") (NYSE: RLJ) today announced it has acquired the 164-room Hyatt Place DC/Downtown/K Street in Washington, D.C. and will acquire within the next few days the 170-room Homewood Suites Seattle/Lynnwood in Lynnwood, WA for a combined purchase price of $105.9 million. The Company will use the cash available on its balance sheet for both acquisitions. "We are excited to add another high quality hotel to our Washington, D.C. portfolio and expand our West Coast footprint with our first hotel in the greater Seattle area," commented Thomas J. Baltimore, Jr., President and Chief Execut...
