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) 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.
RLJ Lodging Trust (NYSE: RLJ) has acquired the 170-room Moxy Denver Cherry Creek for
RLJ Lodging Trust (NYSE: RLJ) has declared a quarterly cash dividend of $0.01 per common share, payable on January 18, 2022, to shareholders of record as of December 31, 2021. Additionally, a cash dividend of $0.4875 on Series A Preferred Shares has been approved, payable on January 31, 2022. The company owns a portfolio of 97 hotels, comprising approximately 22,100 rooms across 22 states and the District of Columbia, indicating a robust presence in the hospitality sector.
RLJ Lodging Trust (NYSE: RLJ) reported its third quarter results, highlighting the acquisition of two hotels: AC Hotel Boston Downtown and Hampton Inn & Suites Atlanta Midtown. The company issued $500 million in senior secured notes at 4.0%, redeeming $475 million in 6.0% FelCor bonds. The total revenue was $233.8 million with a net loss of $151.8 million. The portfolio achieved 61.5% occupancy rate. RLJ's high-quality properties benefited from a continued recovery in lodging demand, contributing to positive cash flow during the quarter.
RLJ Lodging Trust has acquired the AC Hotel by Marriott Boston Downtown for $89 million, or $434,000 per key. This hotel, opened in 2018, is situated in Boston's vibrant Ink Block development. Expected to yield 7.5% to 8.0% NOI upon stabilization, this acquisition enhances RLJ's portfolio in a high-demand lodging market. Funded by existing cash, the deal aligns with RLJ's strategy to acquire premium-branded hotels in growth areas. Boston's burgeoning life sciences and technology sectors position the hotel well for future success.
RLJ Lodging Trust (NYSE: RLJ) will announce its third-quarter financial results on November 4, 2021, after market close. A conference call is scheduled for November 5, 2021, at 11:00 a.m. Eastern Time. Participants should dial in 10 minutes prior to the start. A replay will be available from 2:00 p.m. on November 5 until midnight on November 19, 2021. RLJ Lodging Trust primarily invests in premium-branded hotels, operating 97 properties with 22,100 rooms across 23 states and the District of Columbia.
RLJ Lodging Trust (NYSE: RLJ) has amended its corporate credit facilities to include a one-year extension option for approximately
RLJ Lodging Trust (NYSE: RLJ) has declared a quarterly cash dividend of $0.01 per common share, payable on October 15, 2021, to shareholders of record by September 30, 2021. Additionally, a quarterly cash dividend of $0.4875 on Series A Preferred Shares will be paid on October 29, 2021. The company operates 97 hotels with approximately 22,100 rooms in the United States and the District of Columbia, indicating a diversified portfolio in the lodging sector.
RLJ Lodging Trust has announced the pricing of its $500 million offering of 4.000% senior secured notes due 2029. This offering will yield interest payments semi-annually and is secured by a first priority interest in specific equity holdings. Proceeds from the offering are intended to redeem existing 6.000% senior notes due 2025 from subsidiary FelCor Lodging Limited Partnership. The offering is expected to close on September 13, 2021, subject to customary conditions.
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