XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Acquisition of Hotel Properties (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Business Combination [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The allocation of the purchase price for the hotel properties acquired during the nine months ended September 30, 2015 was as follows (in thousands):
| For the nine months ended September 30, 2015
Land and improvements | $ | 31,692 |
Buildings and improvements | 131,960 |
Furniture, fixtures and equipment | 13,517 |
Fair value adjustment on mortgage debt assumed | (1,269 | )
Total purchase price | $ | 175,900 |
Schedule of Business Acquisitions, by Acquisition | During the nine months ended September 30, 2015, the Company acquired a 100% interest in the following hotel properties:
Property Name |  | Location |  | Acquisition Date |  | Management Company |  | Rooms |  | Purchase Price (in thousands)
Hyatt Place Washington DC Downtown K Street |  | Washington, DC |  | July 15, 2015 |  | Aimbridge Hospitality |  | 164 |  |  | $ | 68,000 |
Homewood Suites Seattle Lynnwood |  | Lynnwood, WA |  | July 20, 2015 |  | InnVentures |  | 170 |  |  | 37,900 |
Residence Inn Palo Alto Los Altos (1) |  | Los Altos, CA |  | September 25, 2015 |  | InnVentures |  | 156 |  |  | 70,000 |
|  |  |  |  |  |  |  | 490 |  |  | $ | 175,900 |
(1) | In connection with this acquisition, the Company assumed a $33.4 million mortgage loan with a fair value at assumption of $34.7 million.
Schedule of Business Acquisition Actual Results | For the hotel properties acquired during the nine months ended September 30, 2015, the total revenues and net loss from the date of acquisition through September 30, 2015 are included in the accompanying consolidated statements of operations as follows (in thousands):
| For the three months ended September 30, 2015 |  | For the nine months ended September 30, 2015
Revenue | $ | 3,905 |  |  | $ | 3,905 |
Net loss | $ | (1,674 | ) |  | $ | (1,674 | )
Business Acquisition, Pro Forma Information | The unaudited condensed pro forma financial information is as follows (in thousands, except share and per share data):
| For the three months ended September 30, 2015 |  | For the nine months ended September 30, 2015
Revenue | $ | 293,099 |  |  | $ | 874,190 |
Net income attributable to common shareholders | $ | 43,322 |  |  | $ | 148,473 |
Net income per share attributable to common shareholders - basic | $ | 0.34 |  |  | $ | 1.14 |
Net income per share attributable to common shareholders - diluted | $ | 0.34 |  |  | $ | 1.13 |
Weighted average number of shares outstanding - basic | 127,663,480 |  |  | 129,855,686 |
Weighted average number of shares outstanding - diluted | 128,143,154 |  |  | 130,410,613 |

X
- Definition Business Combination [Abstract] + References No definition available. + Details
Name: | rlj_BusinessCombinationAbstract
Namespace Prefix: | rlj_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Business Acquisition(s) disclosing the actual revenues and net income (loss) of the acquisition(s) during the period + References No definition available. + Details
Name: | rlj_ScheduleofBusinessAcquisitionActualResultsTableTextBlock
Namespace Prefix: | rlj_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + 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=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration