Endeavor Hotels Acquires Midway Hotel Portfolio from RLJ Lodging Trust
RLJ RLJ Lodging Trust
$12.06 -0.66%
View chart & analysis → - 1Endeavor Hotels acquired seven hotels and restaurant sites from RLJ Lodging Trust this week for $68 million.
- 2The sale price is approximately 50% lower than the $139 million RLJ Lodging Trust paid in 2006.
- 3Endeavor Hotels used a $90 million loan from Access Point Financial for this acquisition.
So what's the key point?
Endeavor Hotels purchased hotels and restaurant sites from RLJ Lodging Trust for $68 million. The company used a $90 million loan to complete this acquisition.
Source The Real Deal · View original ↗
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