XML 46 R31.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Acquisition of Hotel Properties (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |  |
Hotel Acquisition | During the year ended December 31, 2022, the Company acquired a 100% interest in the following property:
Property (1) |  | Location |  | Acquisition Date |  | Management Company (1) |  | Rooms |  | Purchase Price (in thousands)
21c Hotel Nashville |  | Nashville, TN |  | July 29, 2022 |  | Accor Hotels |  | 124 |  |  | $ | 59,000 |
(1) During the year ended December 31, 2023, the Company converted this hotel to The Bankers Alley Hotel, a Tapestry Collection by Hilton, and transitioned management to an affiliate of Hilton. | During the year ended December 31, 2021, the Company acquired a 100% interest in the following properties:
Property |  | Location |  | Acquisition Date |  | Management Company |  | Rooms |  | Purchase Price (in thousands)
Hampton Inn and Suites Atlanta Midtown |  | Atlanta, GA |  | August 5, 2021 |  | Aimbridge Hospitality |  | 186 |  |  | $ | 58,000 |
AC Hotel Boston Downtown |  | Boston, MA |  | October 18, 2021 |  | Colwen Management |  | 205 |  |  | 89,000 |
Moxy Denver Cherry Creek (1) |  | Denver, CO |  | December 23, 2021 |  | Sage Hospitality |  | 170 |  |  | 51,250 |
|  |  |  |  |  |  |  | 561 |  |  | $ | 198,250 |
(1) In connection with this acquisition, the Company assumed a $25.0 million mortgage loan with a fair value at assumption of $27.6 million.
Asset Acquisition, Transaction Costs | The allocation of the costs for the property acquired was as follows (in thousands):
| December 31, 2022
Land and improvements | $ | 19,807 |  |  |
Buildings and improvements | 36,223 |  |  |
Furniture, fixtures and equipment | 4,081 |  |  |
Total purchase price | $ | 60,111 |  |  |
| The allocation of the costs for the properties acquired was as follows (in thousands):
| December 31, 2021
Land and improvements | $ | 32,550 |  |  |
Buildings and improvements | 150,400 |  |  |
Furniture, fixtures and equipment | 16,472 |  |  |
Favorable lease asset | 4,294 |  |  |
Fair value adjustment on mortgage debt assumed | (2,554) |  |  |
Other liability | (898) |  |  |
Total purchase price | $ | 200,264 |  |  |

X
- Definition Asset Acquisition, Allocation Of Transaction Costs + References No definition available. + Details
Name: | rlj_AssetAcquisitionAllocationOfTransactionCostsTableTextBlock
Namespace Prefix: | rlj_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480123/805-50-15-3 + Details
Name: | us-gaap_AssetAcquisitionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration