May 10th, 2009
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8. RLJ Development L.L.C.
- 2009 Rank: 8 (Last Year: 5)
- Chief Executive(s): Robert L. Johnson
- Business Type: Hotel development and investment
- Address: 3 Bethesda Metro Center, Ste. 1000
Bethesda, MD 20814 - Staff: 59
- Year Started: 2000
- Website: http://www.rljhotels.com
Financial Information
- 2008 Revenues: $605.1
BET Founder Bob Johnson is the first entrepreneur to have more than three companies on the BE 100s in a single year. His diverse portfolio includes RLJ Development L.L.C. (No. 8 on the 2009 BE Industrial/Service Companies list); Bobcats Basketball Holdings L.L.C. (No. 40 on the 2009 BE Industrial/Service Comapnies list); Urban Trust Bank (No. 12 on the 2009 BE Banks list); and his newest venture, RLJ McLarty Landers Automotive Group debuting at No. 3 on the BE Auto Dealers list.
With more than 100 properties in 15 states, valued at $2.6 billion, RLJ Development L.L.C. is one the nation’s fastest growing real estate investment companies. Since its inception, RLJ has developed strong partnerships with leading hotel brands including Hilton, Marriott, and Hyatt among others.
In 2008, RLJ acquired six Hyatt Summerfield Suites Hotels from Miami-based global investment firm Gencom Group and real estate partner Lehman Brothers sold six Hyatt Summerfield Suites hotels.
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