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RLJ Lodging Trust (NYSE: RLJ) maintains this dedicated news hub for investors and hospitality industry stakeholders. Access official press releases and curated news coverage about this leading real estate investment trust's premium hotel portfolio, strategic partnerships, and financial performance.
This resource provides timely updates on operational developments, including property acquisitions, brand affiliations, and leadership announcements. Track financial reporting such as quarterly earnings, dividend declarations, and capital allocation strategies specific to RLJ's focused-service hotel operations.
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Bookmark this page for efficient monitoring of RLJ Lodging Trust's corporate trajectory, with new content added as official announcements become available. Cross-reference historical updates with current developments to maintain informed perspectives on this urban-focused hotel investment vehicle.
RLJ Lodging Trust (NYSE: RLJ) has acquired the 124-room 21c Museum Hotel Nashville for $59.0 million, approximately $476,000 per key. This property, located in downtown Nashville, offers significant growth potential due to its prime location and the city's expanding economy, bolstered by upcoming developments like a $1.2 billion Oracle campus expected to create 8,500 jobs. The hotel is projected to generate an estimated 8.0% to 8.5% stabilized NOI yield, with RevPAR nearly double that of RLJ's portfolio.
RLJ Lodging Trust (NYSE: RLJ) will report its second-quarter financial results for the period ending June 30, 2022, after market close on August 4, 2022. A conference call is scheduled for August 5, 2022, at 9:00 a.m. Eastern Time, with dial-in options provided for participants. A replay of the call will be available starting at 12:00 p.m. Eastern Time on the same day, lasting until midnight on August 19, 2022. Additionally, a live webcast of the call will be accessible on the Company's website.
RLJ Lodging Trust declared a quarterly cash dividend of
RLJ Lodging Trust (NYSE: RLJ) reported Q1 results for 2022, achieving a pro forma RevPAR of $107.39, about 74% of 2019 levels, showcasing a 5% improvement from Q4 2021. Total revenue reached $242.9 million, with a net loss of $21.5 million. Adjusted EBITDA stood at $54.6 million, while Adjusted FFO per share was $0.14. The company retained approximately $1.1 billion in liquidity, including $479 million in cash. Recent sales of two hotels generated approximately $50 million. The Board also approved a $250 million share repurchase program, enhancing capital allocation opportunities.
RLJ Lodging Trust (NYSE: RLJ) will report its first-quarter financial results for the period ending March 31, 2022, on May 4, 2022, after market close. A conference call is scheduled for May 5, 2022, at 10:00 a.m. ET, accessible via phone and online. A replay will be available shortly after the call, lasting until May 19, 2022. RLJ Lodging Trust is a publicly traded REIT focusing on premium-branded, high-margin focused-service and compact full-service hotels.
RLJ Lodging Trust has declared a quarterly cash dividend of
RLJ Lodging Trust reported a robust performance in Q4 2021 with portfolio pro forma RevPAR at $101.33, recovering to over 75% of 2019 levels, driven by strong leisure demand. The company achieved a revenue of $238.1 million but faced a net loss attributable to common shareholders of $34 million. Notable moves include acquisitions totaling $198.3 million and sales of seven hotels for $208.5 million. The company also refinanced over $1 billion of debt, enhancing liquidity with $665.3 million in unrestricted cash and $2.4 billion of outstanding debt.
RLJ Lodging Trust announced the appointment of Robin Zeigler to its Board of Trustees, effective immediately. Ms. Zeigler brings over 25 years of real estate experience, having served as Executive VP at Cedar Realty Investment Trust and previously at Federal Realty Investment Trust. She will also join the Audit Committee and Nominating and Corporate Governance Committee. Ms. Zeigler is set to stand for election at the 2022 Annual Meeting of Shareholders, a move seen as positive amid the ongoing recovery in the lodging sector.
RLJ Lodging Trust (NYSE: RLJ) has announced the tax classification of dividend distributions for 2021. Shareholders of common shares and Series A Preferred Shares can expect a total distribution of $0.0400 per common share and $1.9500 per Series A Preferred Share for the year. Key payment dates include January 15, April 15, July 15, and October 15 for common shares, and January 29, April 30, July 30, and October 29 for preferred shares. The data is preliminary and may be subject to adjustments. Shareholders are encouraged to consult tax advisors for specific treatment.
RLJ Lodging Trust (NYSE: RLJ) will release its financial results for the fourth quarter and full year ended December 31, 2021, after market close on February 23, 2022. A conference call is scheduled for February 24, 2022, at 10:00 a.m. ET, with a live webcast accessible via the company’s website. The call will be available for replay from 1:00 p.m. ET on February 24 until midnight ET on March 10, 2022. RLJ Lodging Trust operates 97 hotels with approximately 21,500 rooms across 22 states and the District of Columbia.
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