trending Market Intelligence /marketintelligence/en/news-insights/trending/pd-ckmmo2yn7icda6w8fsg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

RLJ Lodging Trust sells Philadelphia hotel for $96M

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


RLJ Lodging Trust sells Philadelphia hotel for $96M

RLJ Lodging Trust sold the 364-room Sheraton Philadelphia Society Hill Hotel in Philadelphia to an undisclosed buyer for $95.5 million.

The full-service-hotel-focused real estate investment trust said the sale price represents a roughly 5.6% cap rate on the hotel's 2017 net operating income, excluding planned CapEx.

RLJ plans to use the net proceeds to pay down its credit facility and for general corporate purposes.