RLJ Lodging Trust reported the quarter ended March 31, 2026 results: revenue $339,977, net income ($349). Guidance raised.
“Operational Overview: (1) Comparable ADR $209.91 $205.51 2.1% Comparable Occupancy 70.8% 69.0% 2.6% Comparable RevPAR $148.55 $141.80 4.8% Financial Overview: Total Revenue $339,977 $328,119 3.6% Comparable Hotel Revenue $339,958 $322,520 5.4% Net (loss) income ($349) $3,172 (111.0)% Comparable Hotel EBITDA $89,918 $83,858 7.2% Comparable Hotel EBITDA Margin”
Debt Financings
RLJ Lodging Trust amended term loan of $500 million with Wells Fargo Bank, National Association at SOFR plus a margin ranging from 135 to 190 basis points maturing September 24, 2027.
“The Amended Credit Agreement also documents the existing $500 million unsecured term loan originally incurred under the Prior Credit Agreement with an initial scheduled maturity date of September 24, 2027, which maturity date may be extended by the Operating Partnership pursuant to up to two 1-year extension options subject to the satisfaction of certain customary conditions set forth in the Amended Credit Agreement (the “Tranche A-2 Term Loan”)”
Debt Financings
RLJ Lodging Trust incurred term loan of $569 million with Wells Fargo Bank, National Association at SOFR plus a margin ranging from 135 to 190 basis points maturing February 11, 2031.
“a new $569 million unsecured delayed draw term loan with a scheduled maturity date of February 11, 2031 (the “Tranche A-1 Term Loan”)”
Debt Financings
RLJ Lodging Trust amended revolving credit of $600 million with Wells Fargo Bank, National Association at SOFR plus a margin ranging from 140 to 195 basis points maturing February 11, 2030.
“The Amended Credit Agreement provides for (i) an extension of the scheduled maturity date of the Operating Partnership’s $600 million revolving credit facility (the “Revolver”) from May 10, 2027 to February 11, 2030, which maturity date may be further extended pursuant to either a one 1-year extension option or up to two 6-month extension options, subject to the satisfaction of certain customary conditions set forth in the Amended Credit Agreement”
Material Agreements
RLJ Lodging Trust amended Sixth Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at $600 million (effective 2026-02-11).
“On February 11, 2026 (the "Closing Date"), RLJ Lodging Trust (the "Company"), as parent guarantor, and RLJ Lodging Trust, L.P., the Company's operating partnership (the "Operating Partnership"), as borrower, entered into a Sixth Amended and Restated Credit Agreement (the "Amended Credit Agreement") with Wells Fargo Bank, National Association ("Wells Fargo"), as administrative agent, and the other lenders party thereto.”
Chad Perry departed as Executive Vice President, General Counsel and Corporate Secretary at RLJ Lodging Trust.
“On April 9, 2025, Chad Perry, Executive Vice President, General Counsel and Corporate Secretary of RLJ Lodging Trust (the “Company”), informed the Company of his decision to step down from all positions he holds with the Company, effective May 9, 2025, to pursue principal investing opportunities.”
Sean Mahoney departed as Executive Vice President and Chief Financial Officer at RLJ Lodging Trust.
“On March 14, 2025, Sean Mahoney, Executive Vice President and Chief Financial Officer of RLJ Lodging Trust (the “Company”), provided notice to the Board of Trustees of the Company of his intention to retire, effective at the end of the term of his employment agreement in May 2025.”
Shareholder Votes
RLJ Lodging Trust shareholders approved Advisory Vote on the Frequency of the Advisory Vote to Approve Named Executive Officer Compensation at the 2024-04-26 meeting.
“At the Annual Meeting, the Company’s shareholders voted on the frequency of the advisory vote related to named executive officer compensation.”
Shareholder Votes
RLJ Lodging Trust shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2024-04-26 meeting.
“At the Annual Meeting, the Company’s shareholders voted on a non-binding resolution to approve the compensation program for the Company’s named executive officers.”
Shareholder Votes
RLJ Lodging Trust shareholders approved Ratification of PWC as the Company's Independent Registered Public Accounting Firm at the 2024-04-26 meeting.
“At the Annual Meeting, the Company’s shareholders ratified the appointment of PWC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.”
Shareholder Votes
RLJ Lodging Trust shareholders approved Election of Trustees at the 2024-04-26 meeting.
“The following persons were duly elected as trustees of the Company until the 2025 Annual Meeting of Shareholders and until their successors are duly elected and qualified: Robert L. Johnson, Leslie D. Hale, Evan Bayh, Arthur R. Collins, Nathaniel A. Davis, Patricia L. Gibson, Robert M. La Forgia, Robert J. McCarthy and Robin Zeigler.”
Earnings Releases
RLJ Lodging Trust reported three months ended March 31, 2024 results: revenue $324,410, net income $4,746, EPS $0.33. Guidance reaffirmed.
“Operational Overview: (1) Comparable ADR $198.84 $199.07 (0.1)% Comparable Occupancy 69.3% 68.5% 1.2% Comparable RevPAR $137.88 $136.45 1.0% Financial Overview: Total Revenue $324,410 $314,503 3.1% Comparable Hotel Revenue $324,392 $314,488 3.1% Net Income $4,746 $10,514 (54.9)% Comparable Hotel EBITDA $88,855 $90,926 (2.3)% Comparable Hotel EBITDA Margin 27.4%”
Earnings Releases
RLJ Lodging Trust reported financial results for the quarter and year ended December 31, 2023.
“On February 26, 2024 , RLJ Lodging Trust (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.”
Earnings Releases
RLJ Lodging Trust reported quarter ended September 30, 2023 results: revenue $334.4 million, net income $0.06 per diluted share, EPS $0.06. Guidance initiated.
“Third Quarter Highlights • Portfolio Comparable RevPAR of $141.81; an increase of 3.4% from last year, led by both Occupancy and ADR growth • Total revenue of $334.4 million • Net income per diluted share attributable to common shareholders of $0.06 • Comparable Hotel EBITDA of $98.1 million • Adjusted EBITDA of $88.8 million • Adjusted FFO per diluted common share and unit of $0.40”
Earnings Releases
RLJ Lodging Trust reported three and six months ended June 30, 2023 results: revenue $357.0 million, net income $41.7 million, EPS $0.22.
“Total revenue of $357.0 million • Net income of $41.7 million • Net income per diluted share attributable to common shareholders of $0.22”
Debt Financings
RLJ Lodging Trust incurred term loan of $225 million with Wells Fargo Bank, National Association at Adjusted SOFR plus a margin ranging from 145 to 220 basis points or a base rate maturing May 10, 2026.
“provides for a new $225 million unsecured term loan with a scheduled maturity date of May 10, 2026 (the “Tranche A-1 Term Loan”)”
Debt Financings
RLJ Lodging Trust amended revolving credit of $600 million with Wells Fargo Bank, National Association at SOFR plus a credit spread adjustment of 10 basis points (“Adjusted SOFR”) plus a maturing May 10, 2027.
“The Amended Credit Agreement (1) extends the maturity date of the Operating Partnership’s $600 million unsecured revolving credit facility (the “Revolver”) to May 10, 2027”
Material Agreements
RLJ Lodging Trust amended Fourth Amended and Restated Credit Agreement with Wells Fargo Bank, National Association and the other lenders party thereto valued at $600 million (effective 2023-05-10).
“RLJ Lodging Trust (the “Company”), as parent guarantor, and RLJ Lodging Trust, L.P., the Company’s operating partnership (the “Operating Partnership”), as borrower, entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and the other lenders party thereto.”
Earnings Releases
RLJ Lodging Trust updated its Q2 2023 guidance (initiated).
“Based on current trends and assuming no materials disruptions to travel caused by pandemics or worsening macro-economic conditions, the Company's second quarter 2023 is as follows: Q2 2023 Comparable RevPAR $155.00 to $159.00 Comparable Hotel EBITDA $121.0M to $130.0.M Adjusted EBITDA $112.0M to $121.0M Adjusted FFO per diluted share $0.51 to $0.57”
Earnings Releases
RLJ Lodging Trust reported the three months ended March 31, 2023 results: revenue $314.5 million, net income $10.5 million, EPS $0.03.
“RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months ended March 31, 2023. First Quarter And Year To Date Highlights • Portfolio Comparable RevPAR of $136.45, an increase of 27.0% from Q1 2022 and achieved 95% of the comparable period in 2019 • Total revenue of $314.5 million • Net income of $10.5 million • Net income per diluted share attributable to common shareholders of $0.03 • Comparable Hotel EBITDA of $90.9 million • Adjusted EBITDA of $82.7 million • Adjusted FFO per diluted common share and unit of $0.35”
Shareholder Votes
RLJ Lodging Trust shareholders approved Advisory vote to approve named executive officer compensation at the 2023-04-28 meeting.
“Advisory Vote to Approve Named Executive Officer Compensation At the Annual Meeting, the Company's shareholders voted on a non-binding resolution to approve the compensation program for the Company's named executive officers. The table below sets forth the voting results for this proposal: Votes For Votes Against Abstentions Broker Non-Votes 120,731,967 10,184,619 15,352 9,142,010”
Shareholder Votes
RLJ Lodging Trust shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-04-28 meeting.
“Ratification of PWC as the Company's independent registered public accounting firm At the Annual Meeting, the Company's shareholders ratified the appointment of PWC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. The table below sets forth the voting results for this proposal: Votes For Votes Against Abstentions Broker Non-Votes 136,326,620 3,727,211 20,117 0”
Shareholder Votes
RLJ Lodging Trust shareholders approved Election of Trustees at the 2023-04-28 meeting.
“Election of Trustees The following persons were duly elected as trustees of the Company until the 2024 Annual Meeting of Shareholders and until their successors are duly elected and qualified: Robert L. Johnson, Leslie D. Hale, Evan Bayh, Arthur R. Collins, Nathaniel A. Davis, Patricia L. Gibson, Robert M. La Forgia, Robert J. McCarthy and Robin Zeigler. The table below sets forth the voting results for each trustee nominee: Nominee Votes For Votes Against Abstentions Broker Non-Votes Robert L. Johnson 124,152,502 6,773,883 5,553 9,142,010 Leslie D. Hale 127,163,903 3,763,367 4,668 9,142,010 Evan Bayh 126,076,759 4,849,568 5,611 9,142,010 Arthur R. Collins 128,050,904 2,875,809 5,225 9,142,010 Nathaniel A. Davis 125,948,526 4,978,220 5,192 9,142,010 Patricia L. Gibson 129,080,551 1,846,293 5,094 9,142,010 Robert M. La Forgia 127,162,681 3,764,040 5,217 9,142,010 Robert J. McCarthy 129,073,134 1,852,649 6,155 9,142,010 Robin Zeigler 129,075,750 1,851,568 4,620 9,142,010”
Earnings Releases
RLJ Lodging Trust reported the year ended December 31, 2022 results: revenue $1.2 billion, net income $16.8 million, EPS $0.10 per diluted share.
“Revenue of $1.2 billion • Net income attributable to common shareholders of $16.8 million • Net income per diluted share attributable to common shareholders of $0.10”
Earnings Releases
RLJ Lodging Trust reported the three months ended December 31, 2022 results: revenue $302.2 million, net income $0.3 million, EPS $0.00 per diluted share.
“Revenue of $302.2 million • Net income attributable to common shareholders of $0.3 million • Net income per diluted share attributable to common shareholders of $0.00”
Earnings Releases
RLJ Lodging Trust reported the three months ended September 30, 2022 results: revenue $318.1 million, net income $11.3 million, EPS $0.07.
“Total revenue of $318.1 million • Net income attributable to common shareholders of $11.3 million • Net income per basic and diluted share attributable to common shareholders of $0.07”
Tom Bardenett was appointed as Executive Vice President and Chief Operating Officer at RLJ Lodging Trust.
“On September 13, 2022, the Board of Trustees of RLJ Lodging Trust (the “Company”) appointed Tom Bardenett Executive Vice President and Chief Operating Officer of the Company.”
Glenda G. McNeal departed as Trustee at RLJ Lodging Trust.
“Glenda G. McNeal notified the Board of Trustees that she has determined not to stand for reelection as a trustee of the Board of Trustees at the 2022 Annual Meeting.”
Robin Zeigler was appointed as trustee at RLJ Lodging Trust.
“On February 18, 2022, Robin Zeigler was appointed to the board of trustees (the “Board of Trustees”) of RLJ Lodging Trust (the “Company”)”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.