Skip navigation
NREI WIRE
chart

Activist Investor Urges RLJ to Consider Sale, Slams Disappointing Value and 'Handsomely' Paid Execs

Land and Buildings issued an open letter to the hospitality REIT to consider a sale or other measures to unlock value.

An activist investor that now owns 2 percent of RLJ Lodging Trust (NYSE: RLJ) is calling on the Bethesda-based hospitality giant to consider a sale or other measures to unlock value and raise what it considers disappointing share prices. A week after RLJ closed its merger with FelCor Lodging Trust Inc., creating a $7 billion company with an ownership interest in 160 hotels across 26 states and D.C., investor Land and Buildings issued an open letter to shareholders that criticizes RLJ management.

View Original Article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish