News
Atlanta Hotel

Behind the Deal: RLJ's Hyatt Buy

Poring over various SEC filings this week, we uncovered an interesting tidbit from this summer's acquisition of Hyatt Atlanta Midtown by RLJ Lodging Trust. The company paid $49.5M for the 194-room hotel, or some $255k/key from Noble Investment Group. Here's the interesting fact: Based on RLJ's projected 2015 net income on the hotel, it paid a “forward capitalization rate” of 8%. That's certainly a better cap rate than apartment buyers are getting nowadays.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

Hilton's Q2 Results Barely Beat Wall Street's Expectations

Mesirow Pays $132M For Midtown Luxury Apartment Tower

Self-Storage Sector Bounces Back As Investors Move Past Market 'Trough'

1200 White St., Atlanta's Newest Creative Hub, Is Transforming The West End

The World Cup Filled Stadiums. Hotel Rooms Were A Different Story

Regent In Talks To Buy Tower Place 100: The Atlanta Deal Sheet

New Office Construction Is On Pause In Atlanta. Landlords Have A Chance To Fill Their Towers

John Malone-Backed MHL Makes Its Biggest Deal In 10 Years

Brookhaven Apartment Tower Sells For $101M As Investors Target Prime Atlanta Properties