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RLJ Development Acquires the 198-room Wyndham in Pittsburgh for $20.75 million

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.


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