XML 70 R56.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Derivatives and Hedging (Details) - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Financial Instruments: Derivatives and Hedging |  |  |
Notional value | $ 600,000,000 | $ 1,275,000,000 |
Interest rate swaps, net | 14,365,000 | 24,829,000 |
Unrealized Gain (Loss) on Interest Rate Cash Flow Hedges, Pretax, Accumulated Other Comprehensive Income (Loss) | $ (13,800,000) | $ (22,700,000) |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |  |  | $ (5,866,000)
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration] | Total interest expense | Total interest expense |
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net | $ 8,200,000 |  |
Gain on Cash Flow Hedge Ineffectiveness | 0 | $ 0 |
Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | $ 20,000,000.0 | 29,800,000 |
Swap-cash flow 21 | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 2.44% |  |
Notional value | $ 0 | 75,000,000 |
Interest rate swap asset | $ 0 | 0 |
Swap-cash flow 22 | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 2.31% |  |
Notional value | $ 0 | 75,000,000 |
Interest rate swap asset | $ 0 | 0 |
Interest Rate, Swap Hedge, Type Thirty [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 1.08% |  |
Notional value | $ 0 | 50,000,000 |
Interest rate swap asset | $ 0 | 827,000 |
Interest Rate, Swap Hedge, Type Thirty One [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 1.13% |  |
Notional value | $ 0 | 50,000,000 |
Interest rate swap asset | $ 0 | 819,000 |
Interest Rate, Swap Hedge, Type Thirty Two [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 1.08% |  |
Notional value | $ 0 | 50,000,000 |
Interest rate swap asset | $ 0 | 829,000 |
Interest Rate, Swap Hedge, Type Thirty Three [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 0.97% |  |
Notional value | $ 0 | 50,000,000 |
Interest rate swap asset | $ 0 | 849,000 |
Interest Rate, Swap Hedge, Type Thirty Four [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 0.85% |  |
Notional value | $ 0 | 25,000,000 |
Interest rate swap asset | $ 0 | 436,000 |
Interest Rate, Swap Hedge, Type Thirty Five [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 0.88% |  |
Notional value | $ 0 | 25,000,000 |
Interest rate swap asset | $ 0 | 434,000 |
Interest Rate, Swap Hedge, Type Thirty Six [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 0.86% |  |
Notional value | $ 0 | 25,000,000 |
Interest rate swap asset | $ 0 | 436,000 |
Interest Rate, Swap Hedge, Type Thirty Seven [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 0.83% |  |
Notional value | $ 0 | 25,000,000 |
Interest rate swap asset | $ 0 | 439,000 |
Interest Rate Swap, 4.37% | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 4.37% |  |
Notional value | $ 0 | 200,000,000 |
Interest rate swap asset | $ 0 | 673,000 |
Interest Rate, Swap Hedge, Type Thirty Eight [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 0.77% |  |
Notional value | $ 0 | 50,000,000 |
Interest rate swap asset | $ 0 | 2,011,000 |
Interest Rate, Swap Hedge, Type Thirty Nine [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 0.63% |  |
Notional value | $ 0 | 50,000,000 |
Interest rate swap asset | $ 0 | 2,081,000 |
Interest Rate, Swap Hedge, Type Twenty Nine [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 1.16% |  |
Notional value | $ 150,000,000 | 150,000,000 |
Interest rate swap asset | $ 3,445,000 | 7,969,000 |
Interest Rate, Swap Hedge, Type Forty [Member] | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 0.56% |  |
Notional value | $ 50,000,000 | 50,000,000 |
Interest rate swap asset | $ 1,926,000 | 3,556,000 |
Interest Rate Swap, 2.95% | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 2.95% |  |
Notional value | $ 125,000,000 | 125,000,000 |
Interest rate swap asset | $ 3,104,000 | 1,769,000 |
Interest Rate Swap, 2.85% | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 2.85% |  |
Notional value | $ 65,000,000 | 65,000,000 |
Interest rate swap asset | $ 1,765,000 | 1,103,000 |
Interest Rate Swap new, 2.75% | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 2.75% |  |
Notional value | $ 60,000,000 | 60,000,000 |
Interest rate swap asset | $ 1,768,000 | 1,188,000 |
Interest Rate Swap new, 3.70% | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 3.70% |  |
Notional value | $ 25,000,000 | 25,000,000 |
Interest rate swap liability |  | (254,000) |
Interest rate swap asset | $ 196,000 |  |
Interest Rate Swap, 3.45% | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 3.45% |  |
Notional value | $ 25,000,000 | 25,000,000 |
Interest rate swap liability |  | (77,000) |
Interest rate swap asset | $ 353,000 |  |
Interest Rate Swap, 3.71% | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 3.71% |  |
Notional value | $ 25,000,000 | 25,000,000 |
Interest rate swap liability |  | (259,000) |
Interest rate swap asset | 191,000 |  |
Interest rate swap | Prepaid Expenses and Other Current Assets |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Interest rate swap asset | $ 14,400,000 | 25,400,000 |
Interest rate swap | Accounts Payable and Accrued Liabilities |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Interest rate swap liability |  | (600,000) |
Interest Rate Swap, 3.20% | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 3.20% |  |
Notional value | $ 25,000,000 | 0 |
Interest rate swap asset | $ 564,000 | 0 |
Interest Rate Swap, 3.40% | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 3.40% |  |
Notional value | $ 25,000,000 | 0 |
Interest rate swap asset | $ 421,000 | 0 |
Interest Rate Swap, 3.30% | Designated as Hedging Instrument |  |  |
Financial Instruments: Derivatives and Hedging |  |  |
Hedge interest rate | 3.30% |  |
Notional value | $ 25,000,000 | 0 |
Interest rate swap asset | $ 632,000 | $ 0 |

X
- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Indicates line item in statement of income or comprehensive income that includes gain (loss) from effective portion of derivative instrument reclassified from accumulated other comprehensive income (AOCI) into income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4D -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4D + Details
Name: | us-gaap_DerivativeInstrumentGainLossReclassifiedFromAociIntoIncomeEffectivePortionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
Namespace Prefix: | us-gaap_
Data Type: | enum2:enumerationSetItemType
Balance Type: | na
Period Type: | duration

X
- Definition The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 4D -Subparagraph (b) -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4D Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Nominal or face amount used to calculate payments on the derivative liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5C -Subparagraph (SX 210.12-13C(Column E)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13(Column D)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5A -Subparagraph (SX 210.12-13A(Column D)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5B -Subparagraph (SX 210.12-13B(Column A)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_DerivativeLiabilityNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-5 + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The gain recognized in earnings during the reporting period representing the amount of the cash flow hedges' ineffectiveness. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_GainOnCashFlowHedgeIneffectiveness
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Fair value as of the balance sheet date of all interest rate derivative assets designated as cash flow hedging instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_InterestRateCashFlowHedgeAssetAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of all interest rate derivatives designated as cash flow hedging instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 5 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480463/815-10-45-5 + Details
Name: | us-gaap_InterestRateCashFlowHedgeDerivativeAtFairValueNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The estimated net amount of unrealized gains or losses on interest rate cash flow hedges as of the balance sheet date expected to be reclassified to earnings within the next twelve months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480870/815-30-50-1 + Details
Name: | us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of all interest rate derivative liabilities designated as cash flow hedging instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of unrealized gain (loss) related to the increase or decrease in fair value of interest rate derivatives designated as cash flow hedging instruments, which was recorded in accumulated other comprehensive income to the extent that the cash flow hedge was determined to be effective. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeTwentyOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeTwentyTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeThirtyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeThirtyOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeThirtyTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeThirtyThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeThirtyFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeThirtyFiveMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeThirtySixMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeThirtySevenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwap437Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeThirtyEightMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeThirtyNineMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeTwentyNineMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwapHedgeTypeFortyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwap295Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwap285Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwap2.75Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwap3.70Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwap3.45Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwap3.71Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_PrepaidExpensesAndOtherCurrentAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_AccountsPayableAndAccruedLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwap3.20Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwap3.40Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=rlj_InterestRateSwap3.30Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |