XML 40 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8

Acquisition of Hotel and Other Properties (Details) (USD $)
In Thousands, except Share data, unless otherwise specified

0 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

Sep. 11, 2014

Jul. 15, 2014

Sep. 30, 2014

room

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2014

room

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

2014 Acquisitions

room

Sep. 30, 2014

2014 Acquisitions

room

Mar. 12, 2014

Hyatt House Charlotte Center City

room

Mar. 12, 2014

Hyatt House Cypress Anaheim

room

Mar. 12, 2014

Hyatt House Emeryville San Francisco Bay Area

room

Mar. 12, 2014

Hyatt House San Diego Sorrento Mesa

room

Mar. 12, 2014

Hyatt House San Jose Silicon Valley

room

Mar. 12, 2014

Hyatt House San Ramon

room

Mar. 12, 2014

Hyatt House Santa Clara

room

Mar. 12, 2014

Hyatt Market Street The Woodlands

room

Mar. 12, 2014

Hyatt Place Fremont Silicon Valley

room

Mar. 12, 2014

Hyatt Place Madison Downtown

room

May 22, 2014

Courtyard Portland City Center

May 22, 2014

Courtyard Portland City Center

room

May 22, 2014

Embassy Suites Irvine Orange County

May 22, 2014

Embassy Suites Irvine Orange County

room

Jun. 19, 2014

Hilton Cabana Miami Beach

room

Jul. 14, 2014

Hyatt Atlanta Midtown [Member]

room

Sep. 11, 2014

DoubleTree Grand Key Resort [Member]

room

Sep. 30, 2012

2013 Acquisitions

Sep. 30, 2014

2013 Acquisitions

room

Sep. 30, 2013

2013 Acquisitions

Mar. 19, 2013

Courtyard Houston Downtown Convention Center

room

Mar. 19, 2013

Residence Inn Houston Downtown Convention Center

room

Mar. 19, 2013

Humble Tower Apartments

room

Jun. 17, 2013

Courtyard Waikiki Beach

room

Jun. 21, 2013

Vantaggio Suites Cosmo

room

Aug. 06, 2013

Residence Inn Atlanta Midtown [Member]

room

Sep. 30, 2014

Management Agreement Intangibles

2014 Acquisitions

Sep. 30, 2014

Lease Intangibles

2014 Acquisitions

Acquisition of Hotel Properties

% Interest

100.00%

100.00%

Rooms

23,346

23,346

2,749

2,749

163

142

234

193

164

142

150

70

151

151

256

293

231

194

^[1]

215

^[1]

1,071

191

171

82

^[2]

399

150

^[1]

78

^[1]

Purchase Price

$ 78,250

$ 49,500

$ 32,496

$ 14,753

$ 39,274

$ 35,985

$ 44,159

$ 20,833

$ 40,570

$ 25,817

$ 23,525

$ 35,088

$ 67,000

$ 53,000

$ 71,700

$ 188,731

$ 34,308

$ 29,421

$ 15,547

^[2]

$ 75,250

$ 29,474

^[1]

$ 4,731

^[1]

Land and land improvements

164,335

164,335

24,132

Buildings and improvements

409,506

409,506

169,070

Furniture, fixtures and equipment

57,571

57,571

3,151

Intangible and other assets

342

538

Intangible and other liabilities

(3,695)

0

Intangible assets, net

3,045

3,045

2,507

(4,269)

Total purchase price

631,950

631,950

631,950

188,731

Total revenues and net income (loss) from hotels acquired

Revenue

297,666

252,116

829,086

727,809

38,181

67,988

11,179

17,741

Net income

37,064

36,928

102,410

86,497

8,628

11,639

2,056

1,488

Unaudited condensed pro forma financial information

Revenue

300,652

286,526

870,977

839,560

Net income attributable to common shareholders

$ 37,688

$ 43,172

$ 111,408

$ 109,462

Net income per share attributable to common shareholders - basic (in dollars per share)

$ 0.29

$ 0.36

$ 0.88

$ 0.94

Net income per share attributable to common shareholders - diluted (in dollars per share)

$ 0.28

$ 0.35

$ 0.88

$ 0.93

Weighted-average number of shares outstanding - basic (in shares)

131,106,440

121,594,219

126,070,309

116,697,417

Weighted-average number of shares outstanding - diluted (in shares)

132,386,843

122,750,121

127,297,901

117,797,670

[1]	Conversion to a Courtyard by Marriott is in progress.(3)The Company was the successful bidder at a foreclosure sale of the property collateralizing a non-performing loan.
[2]	Conversion to a SpringHill Suites is in progress.

X

- Details

Name:	rlj_BusinessAcquisitionActualResultsAbstract
Namespace Prefix:	rlj_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The pro forma basic number of shares for the period as if the business combination or combinations had been completed at the beginning of the period.

+ References

No definition available.

+ Details

Name:	rlj_BusinessAcquisitionProFormaWeightedAverageNumberOfSharesBasic
Namespace Prefix:	rlj_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The pro forma diluted number of shares for the period as if the business combination or combinations had been completed at the beginning of the period.

+ References

No definition available.

+ Details

Name:	rlj_BusinessAcquisitionProFormaWeightedAverageNumberOfSharesDiluted
Namespace Prefix:	rlj_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Liability

+ References

No definition available.

+ Details

Name:	rlj_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedIntangibleLiability
Namespace Prefix:	rlj_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Represents the intangible assets related to favorable/unfavorable lease agreements assumed in acquisitions.

+ References

No definition available.

+ Details

Name:	rlj_RealEstateInvestmentsIntangibles
Namespace Prefix:	rlj_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Represents the ownership interest in real estate properties expressed as a percentage.

+ References

No definition available.

+ Details

Name:	rlj_RealEstatePropertiesOwnershipInterestPercentage
Namespace Prefix:	rlj_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(2)-(3)

-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaEarningsPerShareBasic
Namespace Prefix:	us-gaap_
Data Type:	num:perShareItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(2)-(3)

-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted
Namespace Prefix:	us-gaap_
Data Type:	num:perShareItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The pro forma net Income or Loss for the period as if the business combination or combinations had been completed at the beginning of a period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(2)-(3)

-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The pro forma revenue for a period as if the business combination or combinations had been completed at the beginning of the period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(2)-(3)

-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionsProFormaRevenue
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Amount of facility held for productive use including, but not limited to, office, production, storage and distribution facilities, acquired at the acquisition date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472

+ Details

Name:	us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

The amount of identifiable intangible assets recognized as of the acquisition date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 55

-Paragraph 37

-URI http://asc.fasb.org/extlink&oid=25498275&loc=d3e2207-128464

+ Details

Name:	us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Amount of real estate acquired, at the acquisition date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472

+ Details

Name:	us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 55

-Paragraph 37

-URI http://asc.fasb.org/extlink&oid=25498275&loc=d3e2207-128464

+ Details

Name:	us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

The amount of property, plant, and equipment recognized as of the acquisition date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 55

-Paragraph 37

-URI http://asc.fasb.org/extlink&oid=25498275&loc=d3e2207-128464

+ Details

Name:	us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

The number of units in a real estate property owned as of the balance sheet date.

+ References

No definition available.

+ Details

Name:	us-gaap_NumberOfUnitsInRealEstateProperty
Namespace Prefix:	us-gaap_
Data Type:	xbrli:integerItemType
Balance Type:	na
Period Type:	instant

X

- Definition

The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Investing Activities

-URI http://asc.fasb.org/extlink&oid=6516133



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 13

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3213-108585

+ Details

Name:	us-gaap_PaymentsToAcquireBusinessesGross
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4K

-URI http://asc.fasb.org/extlink&oid=31814832&loc=SL4591552-111686



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (a),(c)

-URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4J

-URI http://asc.fasb.org/extlink&oid=31814832&loc=SL4591551-111686

+ Details

Name:	us-gaap_ProfitLoss
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.1)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 1

-Article 5

+ Details

Name:	us-gaap_Revenues
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Details

Name:	us-gaap_SignificantAcquisitionsAndDisposalsLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration