RLJ, formed by former Hilton executives, raised $495 million. It told the SEC it would own 140 hotels in 19 states under recognized brands including Marriott (MAR - Get Report), Hyatt (H - Get Report) and Hilton.
Reports in April showed that
The new company would also likely include other office buildings, including 1 Grand Central, a 55-story, 1.3-million-square-foot building near Grand Central Terminal, a 26-story building at 250 West 57th Street, as well as six buildings in Westchester County and Connecticut, according to three sources who had been briefed on the plans spoke but anonymously to the New York Times.The group of buildings potentially involved in this IPO are controlled by Anthony E. Malkin and his father, Peter L. Malkin. Their principal partner is the estate of Leona Helmsley. -- Written by Miriam Marcus Reimer in New York.
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