RLJ Lodging Trust Acquires Hotel Teatro In Denver For $35.5M; 110-Room Boutique Hotel Expected To Generate Over 10% Stabilized Yield
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RLJ Lodging Trust has acquired Hotel Teatro in Denver for $35.5 million. The 110-room boutique hotel is expected to generate over a 10% stabilized yield.
August 01, 2024 | 9:06 pm
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RLJ Lodging Trust has acquired Hotel Teatro in Denver for $35.5 million. The 110-room boutique hotel is expected to generate over a 10% stabilized yield.
The acquisition of Hotel Teatro is a strategic move for RLJ Lodging Trust, expected to generate a significant stabilized yield of over 10%. This acquisition could positively impact RLJ's revenue and profitability in the short term.
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