Johnson raises $1.2B for private-equity fund focusing on hotels

01/15/2008 | Washington Post (tiered subscription model), The

Entrepreneur Robert L. Johnson says he has raised $1.2 billion for a third private-equity fund, called RLJ Real Estate Fund III, to invest in the hotel industry. The fund will be able to buy or develop $4 billion in properties. In addition to hotels, it eventually will also include development and acquisition agreements in the commercial real-estate sector.

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Washington Post (tiered subscription model), The

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