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RLJ Lodging Trust sells Embassy Suites Napa Valley for $102M

Published 07/16/2018, 08:10 AM
© Reuters.  RLJ Lodging Trust sells Embassy Suites Napa Valley for $102M
  • RLJ Lodging Trust (NYSE:RLJ) closes on sale of the 205-room Embassy Suites Napa Valley for $102M, or about $498,000 per key.
  • Based on the hotel's trailing twelve month results as of May 2018, the sale price equates to a 14.6x EBITDA multiple and a 6.1% capitalization rate, excluding planned capital expenditures.
  • RLJ plans to use the sale's proceeds to pay down its credit facility and for general corporate purposes.
  • Source: Press Release
  • Now read: This Net Lease REIT Is 'Finger Lickin' Good'


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