Rlj Lodging Tr Stock Price, News & Analysis

RLJ Lodging Trust has announced the relaunch of Zachari Dunes on Mandalay Beach in Oxnard, California, on October 1, 2022. This 250-suite lifestyle resort, now part of the Curio Collection by Hilton, underwent a significant renovation and transformation. The property features ocean-facing suites, enhanced public spaces, and new dining options, designed to appeal to a diverse range of travelers. With its prime beachfront location and extensive meeting facilities, RLJ anticipates strong leisure and group demand, aiming to exceed a +40% internal rate of return on this investment.

RLJ Lodging Trust announced the relaunch of the Mills House Hotel on October 1, 2022, after a complete transformation into a lifestyle hotel under the Curio Collection by Hilton. The renovation includes redesigned guest rooms, premium suites, and new dining options such as The Black Door Café and The Iron Rose. CEO Leslie D. Hale highlighted the project's potential to capture a growing lifestyle segment and outperform initial IRR expectations. The hotel's central Charleston location enhances its appeal, aiming to attract leisure travelers drawn to its historic charm and modern offerings.

RLJ Lodging Trust (NYSE: RLJ) reported strong Q2 2022 results with a pro forma RevPAR of $146.05, marking a 36% increase from Q1, achieving 92% of 2019 levels. Total revenue reached $330.5 million, and net income attributed to common shareholders was $26.7 million. The company raised its quarterly dividend to $0.05, successfully exited covenant waivers, and completed the acquisition of a boutique hotel in Nashville for $59 million. With approximately $1.1 billion in liquidity, RLJ maintains a robust financial footing, bolstered by a $50 million share repurchase program.

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 $0.01 per common share, payable on July 15, 2022, to shareholders of record as of June 30, 2022. Additionally, a dividend of $0.4875 on Series A Preferred Shares will be paid on July 29, 2022, with the same record date. The company focuses on premium-branded, high-margin hotels and emphasizes caution on its forward-looking statements due to uncertainties from the COVID-19 pandemic and its impact on the lodging industry.

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 $0.01 per common share, payable on April 15, 2022, to shareholders of record by March 31, 2022. Additionally, a $0.4875 dividend will be paid on the Series A Preferred Shares on April 29, 2022. The company operates premium-branded hotels, primarily in the high-margin sector.