RLJ Completes Acquisition of Moxy Denver Cherry Creek and Disposition of DoubleTree Metropolitan

RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that it has acquired the 170-room Moxy Denver Cherry Creek (“Moxy Cherry Creek”) for a purchase price of $51.3 million, or approximately $301,000 per key and completed the disposition of the 764-room DoubleTree Hotel Metropolitan New York City (the “DoubleTree Metropolitan”) for gross proceeds of $169.

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