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Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenues $ 318,071,000 $ 233,769,000 $ 891,471,000 $ 547,575,000
Expenses        
Operating Costs and Expenses     548,738,000 357,935,000
Depreciation and amortization 46,559,000 47,065,000 140,346,000 140,923,000
Impairment losses 0 138,899,000 0 144,845,000
Property tax, insurance and other 20,744,000 21,290,000 66,206,000 65,419,000
General and administrative 13,446,000 12,630,000 40,928,000 35,564,000
Transaction costs (773,000) (154,000) (575,000) 101,000
Total operating expenses 279,156,000 368,081,000 795,643,000 744,787,000
Other income (expense), net 710,000 676,000 8,716,000 (8,579,000)
Interest income 1,281,000 222,000 1,800,000 826,000
Interest expense (22,625,000) (26,933,000) (71,041,000) (81,194,000)
(Loss) gain on sale of hotel properties, net (57,000) 1,947,000 996,000 3,133,000
Gain on extinguishment of indebtedness, net 0 7,100,000 0 893,000
Income (loss) before equity in (loss) income from unconsolidated joint ventures 18,224,000 (151,300,000) 36,299,000 (282,133,000)
Equity in (loss) income from unconsolidated joint ventures (150,000) (232,000) 255,000 (470,000)
Income (loss) before income tax expense 18,074,000 (151,532,000) 36,554,000 (282,603,000)
Income tax expense (391,000) (286,000) (1,139,000) (554,000)
Net income (loss) 17,683,000 (151,818,000) 35,415,000 (283,157,000)
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in the Operating Partnership (53,000) 727,000 (74,000) 1,391,000
Noncontrolling interest in consolidated joint ventures (36,000) 3,084,000 (29,000) 4,326,000
Net income (loss) attributable to RLJ 17,594,000 (148,007,000) 35,312,000 (277,440,000)
Preferred dividends (6,279,000) (6,279,000) (18,836,000) (18,836,000)
Net income (loss) attributable to common shareholders $ 11,315,000 $ (154,286,000) $ 16,476,000 $ (296,276,000)
Basic per common share data:        
Net income per share attributable to common shareholders - basic (in dollars per share) $ 0.07 $ (0.94) $ 0.10 $ (1.81)
Weighted-average number of common shares - basic (in shares) 160,368,297 164,068,011 162,681,840 163,964,227
Diluted per common share data:        
Net income per share attributable to common shareholders - diluted (in dollars per share) $ 0.07 $ (0.94) $ 0.10 $ (1.81)
Weighted-average number of common shares - diluted (in shares) 160,784,709 164,068,011 163,064,462 163,964,227
Comprehensive income (loss):        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 17,683,000 $ (151,818,000) $ 35,415,000 $ (283,157,000)
Unrealized gain (loss) on interest rate derivatives 17,211,000 4,595,000 64,784,000 26,690,000
Reclassification of unrealized (gains) losses on discontinued cash flow hedges to other income (expense), net   0 (5,866,000) 10,658,000
Comprehensive income (loss) 34,894,000 (147,223,000) 94,333,000 (245,809,000)
Noncontrolling interest in the Operating Partnership (53,000) 727,000 (74,000) 1,391,000
Noncontrolling interest in consolidated joint ventures (36,000) 3,084,000 (29,000) 4,326,000
Comprehensive income (loss) attributable to RLJ 34,805,000 (143,412,000) 94,230,000 (240,092,000)
Accumulated Other Comprehensive Income        
Comprehensive income (loss):        
Unrealized gain (loss) on interest rate derivatives 17,211,000 4,595,000 64,784,000 26,690,000
Reclassification of unrealized (gains) losses on discontinued cash flow hedges to other income (expense), net 0   (5,866,000) 10,658,000
Room Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 267,363,000 200,051,000 753,818,000 469,377,000
Expenses        
Operating Costs and Expenses 68,394,000 51,951,000 188,015,000 124,276,000
Food and Beverage Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 30,600,000 17,013,000 82,655,000 36,238,000
Expenses        
Operating Costs and Expenses 23,375,000 12,576,000 61,314,000 25,841,000
Other Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 20,108,000 16,705,000 54,998,000 41,960,000
Expenses        
Operating Costs and Expenses 82,021,000 67,599,000 227,563,000 173,602,000
Management And Franchise Fee Expense        
Expenses        
Operating Costs and Expenses 25,390,000 16,225,000 $ 71,846,000 $ 34,216,000
Hotel [Member]        
Expenses        
Operating Costs and Expenses $ 199,180,000 $ 148,351,000