RLJ Lodging Trust  and FelCor Lodging Trust Inc. agreed to a definitive merger under which FelCor will merge with and into a wholly-owned subsidiary of RLJ in an all-stock transaction. Under the deal, each FelCor share will be converted into 0.362 shares of newly issued shares of RLJ common stock in a taxable merger. Post-merger, RLJ is expected to have a pro forma equity market capitalization of $4.2 billion.