RLJ Lodging Trust, a self-managed REIT with a portfolio of 140 limited-service urban hotels, raised $495 million by offering 27.5 million shares at $18 each, below its anticipated range of $19 to $21. RLJ Lodging Trust is expected to open for trading on Wednesday on the NYSE under the symbol RLJ. BofA Merrill Lynch, Barclays Capital and Wells Fargo Securities acted as lead managers on the deal.
