Robert Louis Johnson, BET founder, Founder Of RLJ Companies, and Former Majority Owner Of The Charlotte Bobcats (Charlotte Hornets), Grows His Current Hotel Real Estate Investments Holdings, Extensively. Robert Johnson’s hotel investment company is merging with another in a deal that will create one of the nation’s largest hotel real estate investment companies. Bethesda-based RLJ Lodging Trust and Texas-based FelCor Lodging Trust Inc. will merge in a transaction that will make FelCor a wholly-owned subsidiary of RLJ. It will create a $7 billion company with stakes in 160 hotels in 26 states and the District, the Third Largest Pure-Play Real Estate Investment Trust focused on The Hotel-Hospitality Industry. It will also expand RLJ’s hotel portfolio to the West Coast. Robert Johnson will remain In Total Control Of The $7 Billion Hotel Real Estate Investment Holdings as Chief Executive Officer of the merged companies, and it will keep its headquarters in Bethesda. The merger still requires shareholder approval and is expected to close by the end of 2017.
The RLJ Companies, founded by Robert L. Johnson, is an innovative business network that provides strategic investments in a diverse portfolio of companies.
Within The RLJ Companies portfolio, Johnson owns or holds interests in businesses operating in hotel real estate investment; private equity; financial services; asset management; automobile dealerships; sports and entertainment; and video lottery terminal (VLT) gaming. The RLJ Companies is headquartered in Bethesda, MD, with affiliate operations in Charlotte, NC; Little Rock, AR; Los Angeles, CA; San Juan, PR; and Monrovia, Liberia.
Prior to founding The RLJ Companies, Johnson was founder and chairman of Black Entertainment Television (BET).
The RLJ Compony is an innovative business network comprised of several different entities, too include: