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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Total revenues $ 324,410 $ 314,503 CloseClose
Expenses    
Operating Costs and Expenses 213,477 200,994
Depreciation and amortization 44,679 44,996
Property tax, insurance and other 27,834 24,648
General and administrative 15,105 13,656
Transaction costs 14 20
Total operating expenses 301,109 284,314 CloseClose
Other income, net 3,191 849 CloseClose
Interest income 4,787 3,664
Interest expense (26,458) (24,130)
Income before equity in income from unconsolidated joint ventures 4,821 10,572 CloseClose
Equity in income from unconsolidated joint ventures 234 281
Income before income tax expense 5,055 10,853
Income tax expense (309) (339) CloseClose
Net income 4,746 10,514 CloseClose
Net loss (income) attributable to noncontrolling interests:    
Noncontrolling interest in the Operating Partnership 2 (17)
Noncontrolling interest in consolidated joint ventures 189 148
Net income attributable to RLJ 4,937 10,645
Preferred dividends (6,279) (6,279)
Net (loss) income attributable to common shareholders $ (1,342) $ 4,366
Basic per common share data:    
Net (loss) income per share attributable to common shareholders - basic $ (0.01) $ 0.03
Weighted-average number of common shares - basic (in shares) 152,970,215 159,483,268
Diluted per common share data:    
Net (loss) income per share attributable to common shareholders - diluted $ (0.01) $ 0.03
Weighted-average number of common shares - diluted (in shares) 152,970,215 160,143,748
Comprehensive income:    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 4,746 $ 10,514
Unrealized gain (loss) on interest rate derivatives 2,282 (6,416)
Comprehensive income 7,028 4,098
Noncontrolling interest in the Operating Partnership 2 (17)
Noncontrolling interest in consolidated joint ventures 189 148
Comprehensive income attributable to RLJ 7,219 4,229
Accumulated Other Comprehensive Income    
Comprehensive income:    
Unrealized gain (loss) on interest rate derivatives 2,282 (6,416)
Room Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 266,630 260,832
Expenses    
Operating Costs and Expenses 69,386 66,051
Food and Beverage Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 35,689 33,288
Expenses    
Operating Costs and Expenses 28,627 26,137
Other Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 22,091 20,383
Expenses    
Operating Costs and Expenses 89,809 82,624
Management And Franchise Fee Expense    
Expenses    
Operating Costs and Expenses $ 25,655 $ 26,182