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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Total revenues $ 785,664 $ 473,087 $ 1,566,192
Expenses      
Total property operating expenses 511,523 391,556 957,210
Depreciation and amortization 187,778 194,168 211,584
Impairment losses 144,845 0 13,500
Property tax, insurance and other 88,852 103,470 119,287
General and administrative 47,526 41,141 45,252
Transaction costs 94 (158) 1,211
Total operating expenses 980,618 730,177 1,348,044
Other (expense) income, net (7,614) 1,941 1,242
Interest income 996 4,237 8,720
Interest expense (106,366) (100,169) (91,295)
(Loss) gain on sale of hotel properties, net (2,378) 2,703 (9,300)
Gain (loss) on extinguishment of indebtedness, net 893 0 (214)
(Loss) income before equity in loss from unconsolidated joint ventures (309,423) (348,378) 127,301
Equity in loss from unconsolidated joint ventures (477) (8,454) (1,673)
(Loss) income before income tax (expense) benefit (309,900) (356,832) 125,628
Income tax (expense) benefit (1,188) (51,970) 3,751
Net (loss) income (311,088) (408,802) 129,379
Net loss (income) attributable to noncontrolling interests:      
Noncontrolling interest in consolidated joint ventures 4,384 2,327 289
Noncontrolling interest in the Operating Partnership 1,536 2,034 (487)
Preferred distributions - consolidated joint venture 0 0 186
Redemption of preferred equity - consolidated joint venture 0 0 (1,153)
Net (loss) income attributable to RLJ (305,168) (404,441) 127,842
Preferred dividends (25,115) (25,115) (25,115)
Net (loss) income attributable to common shareholders $ (330,283) $ (429,556) $ 102,727
Basic per common share data:      
Net income per share attributable to common shareholders - basic (in dollars per share) $ (2.01) $ (2.61) $ 0.59
Weighted-average number of common shares (in shares) 163,998,390 164,503,661 171,287,086
Diluted per common share data:      
Net income per share attributable to common shareholders - diluted (in dollars per share) $ (2.01) $ (2.61) $ 0.59
Weighted-average number of common shares (in shares) 163,998,390 164,503,661 171,388,476
Comprehensive (loss) income:      
Net income $ (311,088) $ (408,802) $ 129,379
Unrealized gain (loss) on interest rate derivatives 41,279 (49,536) (33,459)
Reclassification of unrealized losses on discontinued cash flow hedges to other (expense) income, net 10,658 0 (2,250)
Comprehensive (loss) income (259,151) (458,338) 93,670
Comprehensive (loss) income attributable to RLJ (253,231) (453,977) 93,286
Room revenue      
Revenues      
Revenue 667,853 397,754 1,317,085
Expenses      
Total property operating expenses 177,365 124,063 329,077
Food and beverage revenue      
Revenues      
Revenue 58,994 40,384 177,499
Expenses      
Total property operating expenses 41,790 35,220 134,206
Management and franchise fee expense      
Expenses      
Total property operating expenses 53,276 21,057 120,797
Other revenue      
Revenues      
Revenue 58,817 34,949 71,608
Expenses      
Total property operating expenses $ 239,092 $ 211,216 $ 373,130