Commercial Real Estate Direct Staff Report
Inland American Real Estate Trust has agreed to buy RLJ Urban Lodging Fund in a $920 million deal that will give it 22 hotels with 4,061 rooms in major urban centers throughout the
The Oak Brook, Ill., REIT, whose shares are publicly registered but not traded on any exchange, will pay $460 million in cash and either assume existing debt or line up new financing. Inland does not plan to increase the amount of cash it will use for the purchase.
RLJ Urban Lodging of Bethesda, Md., is an investment vehicle led by...
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