RLJ Lodging Trust Intends to Expand West Coast Presence with a $313 Million, 10-Hotel Portfolio Acquisition from Affiliates of Hyatt Hotels Corporation

RLJ Lodging Trust  and Hyatt Hotels Corporation today announced that Hyatt affiliates have entered into a definitive purchase and sale agreement for RLJ to acquire a portfolio of 10 hotels totaling 1,560 rooms (the “Hyatt Portfolio”) consisting of Hyatt, Hyatt Place and Hyatt House hotels. A Hyatt affiliate will continue to manage the hotels under new management agreements.

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