RLJ Lodging Trust acquired the 164-room Hyatt Place DC/Downtown/K Street in Washington, D.C., and the 170-room Homewood Suites Seattle/Lynnwood in Lynnwood, Washington, for a combined purchase price of US$105.9 million.
With the addition of these assets, RLJ Lodging will own approximately 128 properties, comprised of 126 hotels and two planned hotel conversions, located in 22 states and the District of Columbia.
“We are excited to add another high-quality hotel to our Washington, D.C., portfolio and expand our West Coast footprint with our first hotel in the greater Seattle area,” said Thomas Baltimore Jr., president and CEO of RLJ Lodging. “These two acquisitions demonstrate our ability to leverage our extensive network to source accretive, off-market transactions in key target markets.”