The Ticker

Written By Unknown on Senin, 26 November 2012 | 18.38

Hotel firm enters Mass.

RLJ Lodging Trust has acquired the 275-room Embassy Suites hotel in Waltham, marking the Bethesda, Md., company's first move into the Massachusetts market.

The company said it paid $64.5 million for the 550 Winter St. property near Route 128 and the Cambridge Reservoir. The hotel underwent a $12 million renovation and brand conversion from DoubleTree last year.

The seller was HEI Hotels & Resorts, a Norwalk, Conn., company that owns about 40 hotels including the Liberty in Boston and Le Meridien in Cambridge.

Publicly traded RLJ's portfolio consists of 145 hotels in 20 states.

Wentworth dorm earns approval

The Wentworth Institute of Technology recently won approval from city planners for a 305-bed dorm on Huntington Avenue in Boston.

The seven-story building will allow the school to house 96 percent of its students on campus.

The $43 million project will create 275 construction jobs, according to the Boston Redevelopment Authority.

TODAY

American Eagle Outfitters and Guess release quarterly financial results.

TOMORROW

Emily Rooney, host and executive editor of WGBH's "Greater Boston," addresses the women's network breakfast hosted by the Greater Boston Chamber of Commerce.

Standard & Poor's releases the S&P/Case-Shiller home price index for September and the third quarter.

Analog Devices and Sycamore Networks release quarterly financial results.

The Conference Board releases the Consumer Confidence Index for November.


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