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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Total revenues $ 314,503 $ 242,899
Expenses    
Operating Costs and Expenses 200,994 159,039
Depreciation and amortization 44,996 46,865
Property tax, insurance and other 24,648 22,513
General and administrative 13,656 14,134
Transaction costs 20 62
Total operating expenses 284,314 242,613
Other income, net 849 7,285
Interest income 3,664 172
Interest expense (24,130) (24,561)
Gain on sale of hotel properties, net 0 1,417
Income (loss) before equity in income from unconsolidated joint ventures 10,572 (15,401)
Equity in income from unconsolidated joint ventures 281 122
Income (loss) before income tax expense 10,853 (15,279)
Income tax expense (339) (190)
Net income (loss) 10,514 (15,469)
Net (income) loss attributable to noncontrolling interests:    
Noncontrolling interest in the Operating Partnership (17) 104
Noncontrolling interest in consolidated joint ventures 148 118
Net income (loss) attributable to RLJ 10,645 (15,247)
Preferred dividends (6,279) (6,279)
Net income (loss) attributable to common shareholders $ 4,366 $ (21,526)
Basic per common share data:    
Net income per share attributable to common shareholders - basic (in dollars per share) $ 0.03 $ (0.13)
Weighted-average number of common shares - basic (in shares) 159,483,268 164,179,661
Diluted per common share data:    
Net income per share attributable to common shareholders - diluted (in dollars per share) $ 0.03 $ (0.13)
Weighted-average number of common shares - diluted (in shares) 160,143,748 164,179,661
Comprehensive income:    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 10,514 $ (15,469)
Unrealized gain (loss) on interest rate derivatives (6,416) 34,193
Reclassification of unrealized gains on discontinued cash flow hedges to other income, net 0 (5,866)
Comprehensive income 4,098 12,858
Noncontrolling interest in the Operating Partnership (17) 104
Noncontrolling interest in consolidated joint ventures 148 118
Comprehensive income attributable to RLJ 4,229 13,080
Accumulated Other Comprehensive Income    
Comprehensive income:    
Unrealized gain (loss) on interest rate derivatives (6,416) 34,193
Reclassification of unrealized gains on discontinued cash flow hedges to other income, net   (5,866)
Room Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 260,832 205,779
Expenses    
Operating Costs and Expenses 66,051 53,828
Food and Beverage Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 33,288 20,901
Expenses    
Operating Costs and Expenses 26,137 16,169
Other Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 20,383 16,219
Expenses    
Operating Costs and Expenses 82,624 68,654
Management And Franchise Fee Expense    
Expenses    
Operating Costs and Expenses $ 26,182 $ 20,388