Source:
http://article.wn.com/view/2011/02/06/New_Hotel_REIT_RLJ_Lodging_Trust_Files_for_IPO/
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Monday, February 7, 2011
New Hotel REIT: RLJ Lodging Trust Files for IPO
RLJ Lodging Trust, a company newly formed by Robert L. Johnson's RLJ Development LLC, filed for an IPO as a publicly traded REIT. RLJ will consist of the hotel investments of RLJ Development and two of its private equity real estate funds, RLJ Lodging Fund II and III. According to the registration, the company will own 140 hotels in 19 states and DC totaling more than 20,400 rooms and operated under agreements with companies such as Marriott, Hilton, and...
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