Yahoo Finance's Julia La Roche sits down with executive chairman and former CEO of Starbucks Howard Schultz
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.23 - 7.34|
|52 Week Range||6.07 - 9.13|
|PE Ratio (TTM)||-14.81|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
An activist investor that now owns 2 percent of RLJ Lodging Trust (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's performance, their pay and the company's overall value. As it was working toward finalizing the FelCor merger, wrote Jonathan Litt, Land and Buildings' founder and chief investment officer, Blackstone offered to buy the company for as much as $25 per share.
Rating Action: Moody's upgrades FelCor to B1; outlook stable. Global Credit Research- 07 Sep 2017. New York, September 07, 2017-- Moody's Investors Service upgraded all ratings of FelCor Lodging Limited ...
RLJ Lodging Trust (RLJ) closes pending merger with FelCor Lodging Trust. This enables the pure-play lodging REIT strengthen its position in the compact full-service hotel space.