Monday, April 24, 2017

RLJ Lodging Trust finds a merger partner, will become a $7B company

Bethesda-based RLJ Lodging Trust (NYSE: RLJ) announced Monday it will merge with FelCor Lodging Trust Inc. (NYSE: FCH), creating a $7 billion company and what the pair describe as the “largest pure-play public REIT dedicated to owning focused-service and compact full-service hotels.” The Irving, Texas-based FelCor will become a wholly owned subsidiary of RLJ under the all-stock transaction, which is expected to close by the end of 2017. The combined company will have an ownership interest in 160…



from http://www.bizjournals.com/baltimore/news/2017/04/24/rlj-lodging-trust-finds-a-merger-partner-will.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/159941513702

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