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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Total revenues $ 473,087 $ 1,566,192 $ 1,761,224
Expenses      
Management and franchise fee expense 21,057 120,797 138,143
Depreciation and amortization 194,168 211,584 241,641
Impairment loss 0 13,500 0
Property tax, insurance and other 103,470 119,287 135,059
General and administrative 41,141 45,252 49,195
Transaction costs (158) 1,211 2,057
Total operating expenses 730,177 1,348,044 1,505,181
Other income 1,941 1,242 2,791
Interest income 4,237 8,720 4,891
Interest expense (100,169) (91,295) (101,643)
Gain (loss) on sale of hotel properties, net 2,703 (9,300) 30,941
(Loss) gain on extinguishment of indebtedness, net 0 (214) 5,996
(Loss) income before equity in (loss) income from unconsolidated joint ventures (348,378) 127,301 199,019
Equity in (loss) income from unconsolidated joint ventures (8,454) (1,673) 636
(Loss) income before income tax (expense) benefit (356,832) 125,628 199,655
Income tax (expense) benefit (51,970) 3,751 (8,793)
Net (loss) income (408,802) 129,379 190,862
Net loss (income) attributable to noncontrolling interests:      
Noncontrolling interest in consolidated joint ventures 2,327 289 (17)
Noncontrolling interest in the Operating Partnership 2,034 (487) (719)
Preferred distributions - consolidated joint venture 0 (186) (1,483)
Redemption of preferred equity - consolidated joint venture 0 (1,153) 0
Net (loss) income attributable to RLJ (404,441) 127,842 188,643
Preferred dividends (25,115) (25,115) (25,115)
Net (loss) income attributable to common shareholders $ (429,556) $ 102,727 $ 163,528
Basic per common share data:      
Net income per share attributable to common shareholders - basic (in dollars per share) $ (2.61) $ 0.59 $ 0.93
Weighted-average number of common shares (in shares) 164,503,661 171,287,086 174,225,130
Diluted per common share data:      
Net income per share attributable to common shareholders - diluted (in dollars per share) $ (2.61) $ 0.59 $ 0.93
Weighted-average number of common shares (in shares) 164,503,661 171,388,476 174,316,405
Comprehensive (loss) income:      
Net (loss) income $ (408,802) $ 129,379 $ 190,862
Unrealized (loss) gain on interest rate derivatives (49,536) (33,459) 7,349
Reclassification of unrealized gain on discontinued interest rate derivatives to interest expense   (2,250) 0
Comprehensive (loss) income (458,338) 93,670 198,211
Comprehensive (loss) income attributable to RLJ (453,977) 93,286 195,992
Room revenue      
Revenues      
Revenue 397,754 1,317,085 1,473,047
Expenses      
Cost of Goods and Services Sold 124,063 329,077 364,820
Food and beverage revenue      
Revenues      
Revenue 40,384 177,499 205,518
Expenses      
Cost of Goods and Services Sold 35,220 134,206 157,156
Other revenue      
Revenues      
Revenue 34,949 71,608 82,659
Expenses      
Cost of Goods and Services Sold 211,216 373,130 417,110
Hotel      
Expenses      
Cost of Goods and Services Sold $ 391,556 $ 957,210 $ 1,077,229