RLJ Lodging Trust (RLJ) IPO Trades Lower
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The IPO for RLJ Lodging Trust (NYSE: RLJ) is open for trading. Shares are trading at $17.28 after pricing 27,500,000 share at $18, below the expected $19-$21 range.
BofA Merrill Lynch, Barclays Capital and Wells Fargo Securities are acting as the joint book-running managers for the offering.
RLJ Lodging Trust is a self-advised and self-administered Maryland real estate investment trust, which invests primarily in premium-branded, focused-service and compact full-service hotels.
BofA Merrill Lynch, Barclays Capital and Wells Fargo Securities are acting as the joint book-running managers for the offering.
RLJ Lodging Trust is a self-advised and self-administered Maryland real estate investment trust, which invests primarily in premium-branded, focused-service and compact full-service hotels.
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