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Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenues $ 233,769,000 $ 83,932,000 $ 547,575,000 $ 382,005,000
Expenses        
Depreciation and amortization 47,065,000 48,375,000 140,923,000 146,777,000
Asset Impairment Charges 138,899,000 0 144,845,000 0
Property tax, insurance and other 21,290,000 25,315,000 65,419,000 79,356,000
General and administrative 12,630,000 9,313,000 35,564,000 32,754,000
Transaction costs (154,000) (116,000) 101,000 (86,000)
Total operating expenses 368,081,000 160,450,000 744,787,000 574,974,000
Other income (expense), net 676,000 334,000 (8,579,000) 1,193,000
Interest income 222,000 284,000 826,000 3,829,000
Interest expense (26,933,000) (25,984,000) (81,194,000) (73,591,000)
Gain (loss) on sale of hotel properties, net 1,947,000 391,000 3,133,000 485,000
Gain (Loss) on Extinguishment of Debt 7,100,000 0 893,000 0
Loss before equity in loss from unconsolidated joint ventures (151,300,000) (101,493,000) (282,133,000) (261,053,000)
Equity in loss from unconsolidated joint ventures (232,000) (7,806,000) (470,000) (8,196,000)
Loss before income tax expense (151,532,000) (109,299,000) (282,603,000) (269,249,000)
Income tax expense (286,000) (64,620,000) (554,000) (51,665,000)
Net loss (151,818,000) (173,919,000) (283,157,000) (320,914,000)
Net loss (income) attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures 3,084,000 (21,000) 4,326,000 1,816,000
Noncontrolling interest in the Operating Partnership 727,000 839,000 1,391,000 1,599,000
Net Income (Loss) Attributable to Parent (148,007,000) (173,101,000) (277,440,000) (317,499,000)
Preferred dividends (6,279,000) (6,279,000) (18,836,000) (18,836,000)
Net loss attributable to common shareholders $ (154,286,000) $ (179,380,000) $ (296,276,000) $ (336,335,000)
Basic and diluted per common share data:        
Net income per share attributable to common shareholders - basic (in dollars per share) $ (0.94) $ (1.10) $ (1.81) $ (2.04)
Weighted-average number of common shares - basic (in shares) 164,068,011 163,609,865 163,964,227 164,763,540
Comprehensive loss:        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (151,818,000) $ (173,919,000) $ (283,157,000) $ (320,914,000)
Unrealized gain (loss) on interest rate derivatives 4,595,000 5,609,000 26,690,000 (57,450,000)
Reclassification of unrealized losses on discontinued cash flow hedges to other income (expense), net   0 10,658,000 0
Comprehensive loss (147,223,000) (168,310,000) (245,809,000) (378,364,000)
Noncontrolling interest in consolidated joint ventures 3,084,000 (21,000) 4,326,000 1,816,000
Noncontrolling interest in the Operating Partnership 727,000 839,000 1,391,000 1,599,000
Comprehensive loss attributable to RLJ (143,412,000) (167,492,000) (240,092,000) (374,949,000)
Accumulated Other Comprehensive Income        
Comprehensive loss:        
Unrealized gain (loss) on interest rate derivatives 4,595,000 5,609,000 26,690,000 (57,450,000)
Reclassification of unrealized losses on discontinued cash flow hedges to other income (expense), net 0   10,658,000  
Room Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 200,051,000 72,545,000 469,377,000 319,290,000
Expenses        
Cost of Goods and Services Sold 51,951,000 22,368,000 124,276,000 98,590,000
Food and Beverage Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 17,013,000 3,831,000 36,238,000 35,870,000
Expenses        
Cost of Goods and Services Sold 12,576,000 3,167,000 25,841,000 31,348,000
Other Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 16,705,000 7,556,000 41,960,000 26,845,000
Expenses        
Cost of Goods and Services Sold 67,599,000 49,398,000 173,602,000 168,288,000
Management And Franchise Fee Expense        
Expenses        
Cost of Goods and Services Sold 16,225,000 2,630,000 34,216,000 17,947,000
Hotel [Member]        
Expenses        
Cost of Goods and Services Sold $ 148,351,000 $ 77,563,000 $ 357,935,000 $ 316,173,000