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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenues $ 363,103 $ 369,297 $ 691,222 $ 693,707
Expenses        
Operating Costs and Expenses 226,120 224,826 443,173 438,303
Depreciation and amortization 46,363 44,474 92,151 89,153
Property tax, insurance and other 26,490 28,753 53,693 56,587
General and administrative 11,138 13,940 23,784 29,045
Transaction costs 56 76 112 90
Total operating expenses 310,167 312,069 612,913 613,178
Other income, net 1,148 687 2,036 3,878
Interest income 3,361 4,118 6,616 8,905
Interest expense (27,876) (28,049) (55,428) (54,507)
(Loss) gain on sale of hotel properties, net (378) 3,546 943 3,546
Loss on extinguishment of indebtedness, net (34) 0 (34) 0
Income before equity in (loss) income from unconsolidated joint ventures 29,157 37,530 32,442 42,351
Equity in (loss) income from unconsolidated joint ventures (187) 154 (6) 388
Income before income tax expense 28,970 37,684 32,436 42,739
Income tax expense (339) (393) (633) (702)
Net income 28,631 37,291 31,803 42,037
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in the Operating Partnership (113) (169) (96) (167)
Noncontrolling interest in consolidated joint ventures (65) (16) 108 173
Net income attributable to RLJ 28,453 37,106 31,815 42,043
Preferred dividends (6,279) (6,279) (12,557) (12,557)
Net income attributable to common shareholders $ 22,174 $ 30,827 $ 19,258 $ 29,486
Basic per common share data:        
Net income per share attributable to common shareholders - basic $ 0.15 $ 0.20 $ 0.12 $ 0.19
Weighted-average number of common shares - basic (in shares) 149,532,971 153,641,065 150,217,440 153,305,640
Diluted per common share data:        
Net income per share attributable to common shareholders - diluted $ 0.15 $ 0.20 $ 0.12 $ 0.19
Weighted-average number of common shares - diluted (in shares) 149,598,953 154,105,871 150,355,083 154,151,135
Comprehensive income:        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 28,631 $ 37,291 $ 31,803 $ 42,037
Unrealized gain (loss) on interest rate derivatives (3,379) (2,773) (8,675) (491)
Comprehensive income 25,252 34,518 23,128 41,546
Noncontrolling interest in the Operating Partnership (113) (169) (96) (167)
Noncontrolling interest in consolidated joint ventures (65) (16) 108 173
Comprehensive income attributable to RLJ 25,074 34,333 23,140 41,552
Accumulated Other Comprehensive Income        
Comprehensive income:        
Unrealized gain (loss) on interest rate derivatives (3,379) (2,773) (8,675) (491)
Room Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 296,101 303,652 563,755 570,282
Expenses        
Operating Costs and Expenses 74,565 73,941 145,416 143,327
Food and Beverage Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 41,934 40,843 79,447 76,532
Expenses        
Operating Costs and Expenses 30,375 30,304 59,664 58,931
Other Revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 25,068 24,802 48,020 46,893
Expenses        
Operating Costs and Expenses 92,787 90,792 184,498 180,601
Management And Franchise Fee Expense        
Expenses        
Operating Costs and Expenses $ 28,393 $ 29,789 $ 53,595 $ 55,444