RLJ Lodging Trust (RLJ) Tops Q3 EPS by 18c, Revenues Miss
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RLJ Lodging Trust Reports Third Quarter 2018 Results
November 6, 2018 4:37 PM EST- Sold four hotels for approximately $340 million at 17.3x trailing EBITDA
- Exceeded 2018 debt reduction objective of $500 million
BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three and nine months ended September 30, 2018.
Highlights
Sold Vinoy Renaissance for total consideration of $188.5 million, representing 19.6x TTM EBITDA Sold Embassy Suites Napa Valley for $102.0 million, equating to 14.6x TTM EBITDA Sold DoubleTree Burlington Vermont for $35.0 million,... More