Commercial Real Estate Direct Staff Report RLJ Lodging Trust has paid $35.5 million, or $322,727/room, for the 110-room Hotel Teatro in Denver. The Bethesda, Md., REIT purchased the property from an affiliate of Dinapoli Capital Partners of Walnut Creek, Calif. The property is expected to provide RLJ a 10 percent yield upon its stabilization. Hotel […]
The post RLJ Pays $35.5Mln for Denver Hotel appeared first on Commercial Real Estate Direct.
Leave A Comment