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.
For many homebuyers, integrated developments are dream homes – attached shops, eateries, and an MRT station makes them practically self-contained. On the flip side, prices are high in 2021; and the high demand for these properties has left many buyers out in the cold. So given the demand, we’ve looked for some, where a transaction price of $1.5 million or.