Total $0.00


BETHESDA, Md.--December 7, 2017--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that it has expanded its relationship with Interstate Hotels and Resorts (“Interstate”) in connection with White Lodging’s sale of management contracts to Interstate. The transaction is expected to close on or about January 31, 2018. The terms of the original White Lodging contracts will remain in effect. 

“This transaction will result in Interstate Hotels becoming our largest management company,” commented Ross H. Bierkan, President and Chief Executive Officer. “We value our long-standing relationship with White Lodging and thank them for their management of these assets. Interstate is an excellent operator and already manages 11 of our hotels. We are excited to expand our relationship with Interstate and look forward to the fresh perspective they will bring to these assets.”

Once the transaction is completed, the Company will have 73 hotel management contracts with Interstate, including 62 hotel contracts acquired from White Lodging, which represent less than 20% of the Company’s hotel EBITDA. White Lodging will continue to manage 9 of the Company’s hotels. 

About RLJ Lodging Trust

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company’s portfolio consists of 158 hotels with approximately 31,180 rooms located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms. 

Contact: Leslie D. Hale


Related News

Andrew Jordan Named Chief Marketing Officer of Interstate Hotels & Resorts

309-Room DoubleTree by Hilton Burlington Vermont Joins DoubleTree Portfolio Following Major Renovation Led by General Manager Tristan Harris

Interstate Hotels & Resorts Completes Acquisition of 83 Property Management Agreements from White Lodging

INTRIGUE Hotels & Resorts by Interstate Forms Strategic Alliance with TQP Investments in Support of Growing Lifestyle Management Division

RLJ Lodging Trust Names Ryan Meliker Senior Vice President of Corporate Strategy and Investor Relations

RLJ Lodging Trust Completes Sale of Fairmont Copley Plaza Boston for $170 Million ($444K Per Key)

Interstate Hotels & Resorts Executes Agreement to Acquire the Management Agreements of 83 Properties from White Lodging

Interstate Launches New Lifestyle Softbrand, INTRIGUE Hotels & Resorts by Interstate

White Lodging Opens Dual-Branded Le Méridien and AC Hotels by Marriott in Denver, Colorado

RLJ Lodging Trust Completes Merger with FelCor Lodging Trust

White Lodging Selects UniFocus' Industry-Leading Labor Management Solution for Its Diverse Hotel Portfolio

RLJ Shareholders and FelCor Stockholders Approve Merger

White Lodging Opens Dual Branded Aloft and Element Hotel Complex in Downtown Austin, Texas

Jackson Street Holdings and White Lodging Open the Westin Milwaukee, the Brand's Debut in Wisconsin

RLJ Lodging Trust Sees Net Income Decrease to $21.8 Million in Q1 2017; RevPAR and Occupancy Decreased Slightly for Quarter

RLJ Lodging Trust and FelCor Lodging Trust Enter Definitive Merger Agreement in an All-Stock Transaction

Interstate Hotels and Resorts Opens New 136-Room Courtyard by Marriott in Downtown Santa Monica, California

Michael J. Deitemeyer Named Chief Executive Officer of Interstate Hotels & Resorts

RLJ Lodging Trust Reports Q4 & Full Year 2016 Results: Q4 Net Income Increased 2.0% to $75.8 Million; Pro Forma RevPAR Down 0.3%

Baptist Health Breaks Ground on 184-Room Hilton Miami/Dadeland

All News »

Please login or register to post a comment.