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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Total revenues $ 1,349,860 $ 1,369,440 $ 1,325,577
Expenses      
Total property operating expenses 887,519 877,942 834,667
Depreciation and amortization 186,356 179,431 179,103
Property tax, insurance and other 101,315 107,043 100,229
General and administrative 47,644 54,804 58,998
Transaction costs 410 320 223
Total operating expenses 1,223,244 1,219,540 1,173,220
Other income, net 3,477 5,342 4,364
Interest income 13,580 17,314 19,743
Interest expense (112,298) (111,358) (98,807)
(Loss) gain on sale of hotel properties, net (1,526) 8,262 (34)
Loss on extinguishment of indebtedness, net (47) (129) (169)
Income before equity in (loss) income from unconsolidated joint ventures 29,802 69,331 77,454
Equity in (loss) income from unconsolidated joint ventures (100) 459 419
Income before income tax expense 29,702 69,790 77,873
Income tax expense (1,148) (1,599) (1,256)
Net income 28,554 68,191 76,617
Net (income) loss attributable to noncontrolling interests:      
Noncontrolling interest in consolidated joint ventures (30) 45 35
Noncontrolling interest in the Operating Partnership (15) (215) (247)
Net income attributable to RLJ 28,509 68,021 76,405
Preferred dividends (25,115) (25,115) (25,115)
Net income attributable to common shareholders $ 3,394 $ 42,906 $ 51,290
Basic per common share data:      
Net income per share attributable to common shareholders - basic (in dollars per share) $ 0.01 $ 0.27 $ 0.32
Weighted-average number of common shares (in shares) 149,662,774 152,856,036 155,928,663
Diluted per common share data:      
Net income per share attributable to common shareholders - diluted (in dollars per share) $ 0.01 $ 0.27 $ 0.32
Weighted-average number of common shares (in shares) 149,912,078 153,475,921 156,556,414
Comprehensive income:      
Net income $ 28,554 $ 68,191 $ 76,617
Unrealized loss on interest rate derivatives (11,869) (8,874) (17,929)
Comprehensive income 16,685 59,317 58,688
Noncontrolling interest in consolidated joint ventures (30) 45 35
Noncontrolling interest in the Operating Partnership (15) (215) (247)
Comprehensive income attributable to RLJ 16,640 59,147 58,476
Room revenue      
Revenues      
Revenue 1,093,265 1,121,586 1,095,028
Expenses      
Total property operating expenses 293,405 288,567 277,058
Food and beverage revenue      
Revenues      
Revenue 158,218 153,108 141,625
Expenses      
Total property operating expenses 119,799 117,766 109,707
Management and franchise fee expense      
Expenses      
Total property operating expenses 102,757 107,978 107,417
Other revenue      
Revenues      
Revenue 98,377 94,746 88,924
Expenses      
Total property operating expenses $ 371,558 $ 363,631 $ 340,485