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Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Total revenues $ 194,254,000 $ 32,591,000 $ 313,806,000 $ 298,073,000
Expenses        
Management and franchise fee expense 12,630,000 (1,827,000) 17,991,000 15,317,000
Depreciation and amortization 46,915,000 49,229,000 93,858,000 98,402,000
Asset Impairment Charges     5,946,000 0
Property tax, insurance and other 24,048,000 25,348,000 44,129,000 54,041,000
General and administrative 12,133,000 11,673,000 22,934,000 23,441,000
Transaction costs 195,000 20,000 255,000 30,000
Total operating expenses 204,411,000 136,646,000 376,706,000 414,524,000
Other (expense) income, net (9,720,000) 282,000 (9,255,000) 859,000
Interest income 220,000 579,000 604,000 3,545,000
Interest expense (26,366,000) (23,794,000) (54,261,000) (47,607,000)
Gain (loss) on sale of hotel properties, net 103,000 (8,000) 1,186,000 94,000
Gain (Loss) on Extinguishment of Debt (6,207,000) 0 (6,207,000) 0
Loss before equity in income (loss) from unconsolidated joint ventures (52,127,000) (126,996,000) (130,833,000) (159,560,000)
Equity in income (loss) from unconsolidated joint ventures 60,000 (975,000) (238,000) (390,000)
Loss before income tax (expense) benefit (52,067,000) (127,971,000) (131,071,000) (159,950,000)
Income tax (expense) benefit (154,000) 11,805,000 (268,000) 12,955,000
Net loss (52,221,000) (116,166,000) (131,339,000) (146,995,000)
Net loss attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures 506,000 524,000 1,242,000 1,837,000
Noncontrolling interest in the Operating Partnership 268,000 568,000 664,000 760,000
Net Income (Loss) Attributable to Parent (51,447,000) (115,074,000) (129,433,000) (144,398,000)
Preferred dividends (6,279,000) (6,279,000) (12,557,000) (12,557,000)
Net loss attributable to common shareholders $ (57,726,000) $ (121,353,000) $ (141,990,000) $ (156,955,000)
Basic and diluted per common share data:        
Net income per share attributable to common shareholders - basic (in dollars per share) $ (0.35) $ (0.74) $ (0.87) $ (0.95)
Weighted-average number of common shares - basic (in shares) 163,996,003 163,543,701 163,911,475 165,346,717
Comprehensive loss:        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (52,221,000) $ (116,166,000) $ (131,339,000) $ (146,995,000)
Unrealized gain (loss) on interest rate derivatives 5,375,000 (6,582,000) 22,095,000 (63,059,000)
Reclassification of unrealized losses on discontinued cash flow hedges to other (expense) income, net 10,658,000 0 10,658,000 0
Comprehensive loss (36,188,000) (122,748,000) (98,586,000) (210,054,000)
Noncontrolling interest in consolidated joint ventures 506,000 524,000 1,242,000 1,837,000
Noncontrolling interest in the Operating Partnership 268,000 568,000 664,000 760,000
Comprehensive loss attributable to RLJ (35,414,000) (121,656,000) (96,680,000) (207,457,000)
Accumulated Other Comprehensive Income        
Comprehensive loss:        
Unrealized gain (loss) on interest rate derivatives 5,375,000 (6,582,000) 22,095,000 (63,059,000)
Reclassification of unrealized losses on discontinued cash flow hedges to other (expense) income, net 10,658,000   10,658,000  
Room Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 166,554,000 27,853,000 269,326,000 246,745,000
Expenses        
Cost of Goods and Services Sold 42,898,000 12,469,000 72,325,000 76,222,000
Food and Beverage Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 12,983,000 1,271,000 19,225,000 32,039,000
Expenses        
Cost of Goods and Services Sold 8,709,000 1,801,000 13,265,000 28,181,000
Other Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 14,717,000 3,467,000 25,255,000 19,289,000
Expenses        
Cost of Goods and Services Sold 56,883,000 37,933,000 106,003,000 118,890,000
Hotel [Member]        
Expenses        
Cost of Goods and Services Sold $ 121,120,000 $ 50,376,000 $ 209,584,000 $ 238,610,000