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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Total revenues $ 330,045 $ 345,744 $ 1,021,267 $ 1,039,451
Expenses        
Operating expenses 223,364 223,595 666,537 661,898
Depreciation and amortization 46,996 44,892 139,147 134,045
Property tax, insurance and other 26,647 24,156 80,340 80,743
General and administrative 11,782 12,781 35,566 41,826
Transaction costs 128 209 240 299
Total operating expenses 308,917 305,633 921,830 918,811
Other income, net 670 791 2,706 4,669
Interest income 3,502 4,286 10,118 13,191
Interest expense (28,309) (28,643) (83,737) (83,150)
(Loss) gain on sale of hotel properties, net (141) 4,755 802 8,301
Loss on extinguishment of indebtedness, net 0 (129) (34) (129)
(Loss) income before equity in (loss) income from unconsolidated joint ventures (3,150) 21,171 29,292 63,522
Equity in (loss) income from unconsolidated joint ventures (307) (149) (313) 239
(Loss) income before income tax expense (3,457) 21,022 28,979 63,761
Income tax expense (341) (379) (974) (1,081)
Net (loss) income (3,798) 20,643 28,005 62,680
Net loss (income) attributable to noncontrolling interests:        
Noncontrolling interest in the Operating Partnership 52 (49) (44) (216)
Noncontrolling interest in consolidated joint ventures 10 8 118 181
Net (loss) income attributable to RLJ (3,736) 20,602 28,079 62,645
Preferred dividends (6,279) (6,279) (18,836) (18,836)
Net (loss) income attributable to common shareholders $ (10,015) $ 14,323 $ 9,243 $ 43,809
Basic per common share data:        
Net (loss) income per share attributable to common shareholders - basic $ (0.07) $ 0.09 $ 0.06 $ 0.28
Weighted-average number of common shares - basic (in shares) 149,129,419 153,070,639 149,850,781 153,226,734
Diluted per common share data:        
Net (loss) income per share attributable to common shareholders - diluted $ (0.07) $ 0.09 $ 0.06 $ 0.28
Weighted-average number of common shares - diluted (in shares) 149,129,419 153,240,169 149,987,216 153,830,754
Comprehensive (loss) income:        
Net (loss) income $ (3,798) $ 20,643 $ 28,005 $ 62,680
Unrealized loss on interest rate derivatives (2,221) (13,336) (10,896) (13,827)
Comprehensive (loss) income (6,019) 7,307 17,109 48,853
Noncontrolling interest in the Operating Partnership 52 (49) (44) (216)
Noncontrolling interest in consolidated joint ventures 10 8 118 181
Comprehensive (loss) income attributable to RLJ (5,957) 7,266 17,183 48,818
Accumulated Other Comprehensive Income        
Comprehensive (loss) income:        
Unrealized loss on interest rate derivatives (2,221) (13,336) (10,896) (13,827)
Room Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 267,367 283,614 831,122 853,896
Expenses        
Operating expenses 74,685 74,558 220,101 217,885
Food and Beverage Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 36,884 36,983 116,331 113,515
Expenses        
Operating expenses 29,314 29,348 88,978 88,279
Other Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 25,794 25,147 73,814 72,040
Expenses        
Operating expenses 94,112 92,350 278,610 272,951
Management And Franchise Fee Expense        
Expenses        
Operating expenses $ 25,253 $ 27,339 $ 78,848 $ 82,783