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Wednesday, February 2, 2011

RLJ Lodging Trust files for IPO of up to $550 mln

RLJ Lodging Trust filed with U.S. regulators on Wednesday to raise up to $550 million in an initial public offering of its common stock. The real estate investment trust told the U.S. Securities and Exchange Commission in a preliminary prospectus that BofA Merrill Lynch, Barclays Capital and Wells Fargo Securities are underwriting the IPO. The Bethseda, Maryland-based company said it would use the proceeds from the IPO to repay debt and for general business purposes.

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