The Wall Street Journal: Blackstone made $3 billion bid to acquire hotel investor RLJ

Blackstone Group LP recently made a roughly $3 billion bid to acquire RLJ Lodging Trust, a move that if successful would end RLJ’s agreement to acquire rival hotel investor FelCor Lodging Trust Inc.

RLJ RLJ, -1.71% said in a securities filing Monday that it had rejected a $24-a-share offer from an unnamed private-equity firm. That party was Blackstone BX, -1.44% , people familiar with the matter said Thursday. It’s not clear if Blackstone intends to make another offer.

RLJ and FelCor FCH, -1.66% , both real-estate investment trusts, in April agreed to merge in a deal that would create an entity worth about $4.2 billion and house about 160 hotels.

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