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January 31, 2018  

REIT Marketing Vermont DoubleTree

RLJ Lodging is shopping Vermont’s largest hotel and conference center.The 309-room DoubleTree, in South Burlington, is valued at about $40 million, or $129,000/room. HFF is representing RLJ, a hotel REIT in Bethesda, Md.RLJ is wrapping up a $4.5 million renovation that involved converting the flag to DoubleTree from Sheraton. The investment play is to make further upgrades to guest rooms and the 30,000 square feet of event space, and to...

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