Welcome to our dedicated page for RLJ Lodging Trust news (Ticker: RLJ), a resource for investors and traders seeking the latest updates and insights on RLJ Lodging Trust stock.
RLJ Lodging Trust (NYSE: RLJ) is a self-advised, publicly traded real estate investment trust (REIT) specializing in the acquisition of premium-branded, focused-service, and compact full-service hotels. The company boasts a diverse portfolio of 125 properties, encompassing approximately 20,800 rooms situated across 21 states and the District of Columbia. RLJ Lodging Trust's strategic focus is on major urban areas and densely populated markets, catering to a wide range of travelers, including business, leisure, and other segments.
RLJ Lodging Trust's hotel portfolio includes prominent brands such as Marriott, Hilton, and Hyatt, ensuring high standards of service and widespread recognition. These properties are strategically located in key urban centers, dense suburban markets, and bustling business districts, maximizing their appeal to various demand generators.
The company's revenue streams are primarily derived from hotel operations, which include room sales, food and beverage services, and other property-related income. RLJ Lodging Trust has demonstrated financial stability, with a substantial portion of its revenue coming from the operation of these high-performing hotels.
In recent developments, RLJ Lodging Trust continues to expand and optimize its portfolio through strategic acquisitions and partnerships. The company remains committed to enhancing shareholder value by focusing on properties that offer strong growth potential and significant demand drivers. RLJ Lodging Trust's ongoing projects and recent achievements highlight its dedication to maintaining a robust and geographically diverse portfolio that meets the evolving needs of the hospitality industry.
To stay updated on RLJ Lodging Trust's latest performance, events, and developments, visit their news section for the most recent updates.
RLJ Lodging Trust (NYSE: RLJ) announced it will report its financial results for Q1 2023 on May 4, 2023, after market close, followed by a conference call on May 5, 2023, at 10:00 a.m. ET. Investors can dial in approximately 10 minutes early to participate. The company currently operates 96 hotels with about 21,200 rooms across 23 states and the District of Columbia. A replay of the conference call will be available until May 19, 2023, and details will be accessible on their website.
RLJ Lodging Trust (NYSE: RLJ) announced a quarterly cash dividend of $0.08 per common share, payable on April 17, 2023, to shareholders of record on March 31, 2023. Additionally, a cash dividend of $0.4875 was declared for the Series A Preferred Shares, payable on April 28, 2023, to shareholders of record as of March 31, 2023. This reflects the company’s ongoing commitment to returning value to its shareholders.
RLJ Lodging Trust (NYSE: RLJ) reported a robust fourth quarter with a 60% dividend increase to $0.08 per share. The company achieved a portfolio comparable RevPAR of $127.25, with revenues reaching $302.2 million and net income of $0.3 million. Full year revenue totaled $1.2 billion and net income attributable to common shareholders was $16.8 million. Key developments included three new hotel conversions and the acquisition of the 21c Hotel Nashville for $59 million. The company maintained $1.1 billion in liquidity and has no debt maturities until 2024, indicating strong financial health.
LivAway Suites has welcomed Robert M. La Forgia to its ownership group and board, emphasizing growth potential in the extended stay hotel market. La Forgia, a veteran in hospitality with a 26-year history at Hilton Worldwide Holdings (NYSE: HLT), aims to leverage his expertise to enhance LivAway's platform. The brand, designed 'for developers, by developers,' currently has over 25 locations in pre-development across the U.S. Recently, LivAway arranged an $85 million construction debt facility, with groundbreaking for its first Nashville location set for March 2023.
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