RLJ Lodging Trust completed two strategic acquisitions in 2024, enhancing its portfolio of premium-branded, rooms-oriented hotels. The company acquired the Hotel Teatro in Denver for $35.5 million, adding a high-margin asset to its urban-centric holdings. This acquisition aligns with RLJ's strategy to focus on properties in heart-of-demand locations.
In addition to the Denver property, RLJ Lodging Trust also acquired the fee simple interest in the Wyndham Boston Beacon Hill. This move further solidifies the company's presence in key urban markets, which are strategically positioned to benefit from business and group travel recovery.
These acquisitions underscore RLJ's commitment to enhancing portfolio quality through targeted external growth. Such investments are crucial for driving long-term value and capitalizing on opportunities within high-growth urban markets.
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