|
The Pittsburgh
Tribune-ReviewMcClatchy-Tribune Regional News
Feb. 02, 2011--RLJ Development, which purchased the Reniassance Hotel in Downtown for $45.4 million, has added a second Pittsburgh hotel to its portfolio. The Bethesda, Md.-based company acquired the 198-room Wyndham Hotel at 3454 Forbes Ave., Oakland, for $20.75 million, according to a deed filed in Allegheny County. RLJ is owned by Black Entertainment Television founder Robert L. Johnson, who sold the network to Viacom Inc. in 2000 for $3 billion. RLJ is the largest black-owned hotel investment complany in the United States with at least 123 hotels nationwide, according to its website. The company has a diverse portfolio of companies in the financial services, real estate, hospitality/restaurant, professional sports, film production, gaming and recording industries. ----- To see more of The Pittsburgh Tribune-Review or to subscribe to the newspaper, go to http://www.pittsburghlive.com/x/pittsburghtrib/. Copyright (c) 2011, The Pittsburgh Tribune-Review Distributed by McClatchy-Tribune Information Services. For more information about the content services offered by McClatchy-Tribune Information Services (MCT), visit www.mctinfoservices.com. |
To Learn More About Your News Being Published on Hotel-Online Inquire Here |