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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Total revenues $ 1,369,440 $ 1,325,577 $ 1,193,662
Expenses      
Total property operating expenses 877,942 834,667 744,408
Depreciation and amortization 179,431 179,103 184,875
Property tax, insurance and other 107,043 100,229 86,996
General and administrative 54,804 58,998 56,330
Transaction costs 320 223 (345)
Total operating expenses 1,219,540 1,173,220 1,072,264
Other income, net 5,342 4,364 9,496
Interest income 17,314 19,743 4,559
Interest expense (111,358) (98,807) (93,155)
Gain (loss) on sale of hotel properties, net 8,262 (34) 1,017
Loss on extinguishment of indebtedness, net (129) (169) (39)
Income before equity in income from unconsolidated joint ventures 69,331 77,454 43,276
Equity in income from unconsolidated joint ventures 459 419 457
Income before income tax expense 69,790 77,873 43,733
Income tax expense (1,599) (1,256) (1,518)
Net income 68,191 76,617 42,215
Net loss (income) attributable to noncontrolling interests:      
Noncontrolling interest in consolidated joint ventures 45 35 (210)
Noncontrolling interest in the Operating Partnership (215) (247) (80)
Net income attributable to RLJ 68,021 76,405 41,925
Preferred dividends (25,115) (25,115) (25,115)
Net income attributable to common shareholders $ 42,906 $ 51,290 $ 16,810
Basic per common share data:      
Net income per share attributable to common shareholders - basic (in dollars per share) $ 0.27 $ 0.32 $ 0.10
Weighted-average number of common shares (in shares) 152,856,036 155,928,663 161,947,807
Diluted per common share data:      
Net income per share attributable to common shareholders - diluted (in dollars per share) $ 0.27 $ 0.32 $ 0.10
Weighted-average number of common shares (in shares) 153,475,921 156,556,414 162,292,865
Comprehensive income:      
Net income $ 68,191 $ 76,617 $ 42,215
Unrealized (loss) gain on interest rate derivatives (8,874) (17,929) 63,570
Reclassification of unrealized gains on discontinued cash flow hedges to other income, net 0 0 (5,866)
Comprehensive income 59,317 58,688 99,919
Noncontrolling interest in consolidated joint ventures 45 35 (210)
Noncontrolling interest in the Operating Partnership (215) (247) (80)
Comprehensive income attributable to RLJ 59,147 58,476 99,629
Room revenue      
Revenues      
Revenue 1,121,586 1,095,028 1,002,454
Expenses      
Total property operating expenses 288,567 277,058 253,441
Food and beverage revenue      
Revenues      
Revenue 153,108 141,625 117,027
Expenses      
Total property operating expenses 117,766 109,707 87,402
Management and franchise fee expense      
Expenses      
Total property operating expenses 107,978 107,417 95,565
Other revenue      
Revenues      
Revenue 94,746 88,924 74,181
Expenses      
Total property operating expenses $ 363,631 $ 340,485 $ 308,000