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RLJ Lodging Trust closes sale of 11 hotels to Sage Hospitality

Sage Hospitality has completed its acquisition of 11 U.S. hotels from RLJ Lodging Trust. The hotels are in Colorado, Florida, Michigan, Texas, Las Vegas and Indianapolis. The properties, which fetched $85 million, were estimated to account for a combined revenue per available room of $68 in 2013. Read the HotelsMag.com story here

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