RLJ Lodging Trust has appointed Nikhil Bhalla as its CFO.
Since joining the company in 2015, Bhalla has held a variety of leadership positions, most recently serving as SVP, finance/treasurer.
“Nikhil has made many contributions to the success of RLJ and has been an invaluable member of our leadership team for over a decade, consistently demonstrating strategic insight, financial acumen and operational excellence, making him the ideal choice for CFO,” said Leslie D. Hale, president/CEO, RLJ Lodging Trust. “His deep understanding of our industry, institutional knowledge, combined with broad financial expertise, makes him well suited to continue to capitalize on our strong balance sheet, advance our financial strategy and support our growth initiatives. This promotion also reflects the strength and depth of our internal talent pipeline, and our ability to develop and advance exceptional leaders from within our organization.”
Bhalla added, “I’m honored to assume this expanded role and excited about the opportunities ahead for RLJ. Having worked closely with our talented team, I look forward to continuing to build on our strong financial foundation while supporting our strategic initiatives and delivering value for our shareholders.”
Prior to joining RLJ, he served as VP, equity research at FBR Capital Markets & Co. Earlier in his career, he held positions at Host Hotels & Resorts and CB Richard Ellis, building experience in hospitality and real estate sectors.
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Source: hotelbusiness.com
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