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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.

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