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July 23, 2015

RLJ buys Lynnwood hotel for $38M

RLJ Lodging Trust of Bethesda, Maryland, bought Homewood Suites by Hilton Hotel in Lynnwood for $37.9 million. RLJ paid about $223,000 per room for the 170-room hotel at 18123 Alderwood Mall Pkwy. RLJ owns 126 hotels with about 20,800 rooms in 22 states and Washington D.C. It has two other sites that will be converted to hotels.




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