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Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Total revenues $ 242,899,000 $ 119,552,000
Expenses    
Operating Costs and Expenses 159,039,000 88,464,000
Depreciation and amortization 46,865,000 46,943,000
Asset Impairment Charges 0 5,946,000
Property tax, insurance and other 22,513,000 20,081,000
General and administrative 14,134,000 10,800,000
Transaction costs 62,000 60,000
Total operating expenses 242,613,000 172,294,000
Other income, net 7,285,000 465,000
Interest income 172,000 384,000
Interest expense (24,561,000) (27,895,000)
Gain (loss) on sale of hotel properties, net 1,417,000 1,083,000
Loss before equity in income (loss) from unconsolidated joint ventures (15,401,000) (78,705,000)
Equity in income (loss) from unconsolidated joint ventures 122,000 (298,000)
Loss before income tax expense (15,279,000) (79,003,000)
Income tax expense (190,000) (114,000)
Net loss (15,469,000) (79,117,000)
Net loss attributable to noncontrolling interests:    
Noncontrolling interest in consolidated joint ventures 118,000 736,000
Noncontrolling interest in the Operating Partnership 104,000 396,000
Net Income (Loss) Attributable to Parent (15,247,000) (77,985,000)
Preferred dividends (6,279,000) (6,279,000)
Net loss attributable to common shareholders $ (21,526,000) $ (84,264,000)
Basic and diluted per common share data:    
Net income per share attributable to common shareholders - basic (in dollars per share) $ (0.13) $ (0.51)
Weighted-average number of common shares - basic (in shares) 164,179,661 163,826,009
Comprehensive income (loss):    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (15,469,000) $ (79,117,000)
Unrealized gain (loss) on interest rate derivatives 34,193,000 16,720,000
Reclassification of unrealized gains on discontinued cash flow hedges to other income, net (5,866,000) 0
Comprehensive income (loss) 12,858,000 (62,397,000)
Noncontrolling interest in consolidated joint ventures 118,000 736,000
Noncontrolling interest in the Operating Partnership 104,000 396,000
Comprehensive income (loss) attributable to RLJ 13,080,000 (61,265,000)
Accumulated Other Comprehensive Income    
Comprehensive income (loss):    
Unrealized gain (loss) on interest rate derivatives 34,193,000 16,720,000
Reclassification of unrealized gains on discontinued cash flow hedges to other income, net (5,866,000)  
Room Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 205,779,000 102,772,000
Expenses    
Operating Costs and Expenses 53,828,000 29,427,000
Food and Beverage Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 20,901,000 6,242,000
Expenses    
Operating Costs and Expenses 16,169,000 4,556,000
Other Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 16,219,000 10,538,000
Expenses    
Operating Costs and Expenses 68,654,000 49,120,000
Management And Franchise Fee Expense    
Expenses    
Operating Costs and Expenses $ 20,388,000 $ 5,361,000