RLJ Lodging Trust expects strong deals activity

11/11/2013 | HotelNewsNow.com

Executives of RLJ Lodging Trust said the company expects to acquire about $150 million in hotel assets. Company President and CEO Thomas J. Baltimore Jr., said properties being targeted are in the upscale, focused-service segment and located in urban and dense suburban markets. RLJ Lodging's net income during the third quarter rose 140% from a year ago to $36.5 million.

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