rlj
RLJ Lodging Trust Reports Third Quarter 2020 Results
RLJ Lodging Trust | November 5, 2020
- Portfolio generated positive gross operating profit and open hotels generated positive EBITDA - Reduced monthly cash burn estimate - Maintain total liquidity of $1.2 billion BETHESDA, Md.--November 5, 2020--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three and nine months ended September 30, 2020, and is providing a hotel reopening and cash burn update in light of the ongoing COVID-19 pandemic. Highlights 96 hotels now open, representing 93% of the portfolio Total portfolio achieved 29.3% occupancy and open hotels achieved 37.1% occupancy during the third quarter Reducing monthly cash bu...
RLJ Lodging Trust Names Ryan Meliker Senior Vice President of Corporate Strategy and Investor Relations
RLJ Lodging Trust | January 5, 2018
BETHESDA, Md.--January 5, 2018--RLJ Lodging Trust (the "Company") (NYSE: RLJ) today announced that Ryan Meliker will be joining the Company as Senior Vice President, Corporate Strategy and Investor Relations, effective January 17, 2018. Mr. Meliker will report to Leslie D. Hale, the Company's Chief Operating Officer and Chief Financial Officer. "We are excited for Ryan to join the RLJ team. With more than 15 years of experience as a lodging and real estate research analyst, Ryan is well-known and highly regarded by the investment community," commented Ms. Hale. "Not only does he possess significant lodging industry experience, he also c...
RLJ Lodging Trust Completes Sale of Fairmont Copley Plaza Boston for $170 Million ($444K Per Key)
RLJ | December 18, 2017
BETHESDA, Md.--RLJ Lodging Trust (the "Company") (NYSE: RLJ) today announced that the Company has sold the 383-room Fairmont Copley Plaza in Boston, MA (the "Boston Copley") for $170.0 million or approximately $444,000 per key. "We are pleased by the execution of the sale of this iconic asset at a very attractive valuation that is significantly accretive to our shareholders across a number of metrics. The disposition of this asset is consistent with our objectives of selling non-core assets and unlocking shareholder value," commented Ross H. Bierkan, President and Chief Executive Officer. "Our ability to sell this asset shortly after cl...
RLJ Lodging Trust Expands Relationship with Interstate Hotels and Resorts
RLJ Lodging Trust | December 7, 2017
BETHESDA, Md.--December 7, 2017--RLJ Lodging Trust (the "Company") (NYSE: RLJ) today announced that it has expanded its relationship with Interstate Hotels and Resorts ("Interstate") in connection with White Lodging's sale of management contracts to Interstate. The transaction is expected to close on or about January 31, 2018. The terms of the original White Lodging contracts will remain in effect. "This transaction will result in Interstate Hotels becoming our largest management company," commented Ross H. Bierkan, President and Chief Executive Officer. "We value our long-standing relationship with White Lodging and thank them for thei...
RLJ Lodging Trust and FelCor Lodging Trust Enter Definitive Merger Agreement in an All-Stock Transaction
RLJ Lodging Trust | April 24, 2017
- Creates Third Largest Pure-Play Lodging REIT - - Attractive Strategic Combination with Complementary Portfolios and Value Creating Opportunities - - Broad Diversification and Strong Presence in Key Markets - - Investor Conference Call and Webcast at 8:00 am ET Bethesda, MD -- RLJ Lodging Trust ("RLJ") (NYSE: RLJ) and FelCor Lodging Trust Incorporated ("FelCor") (NYSE: FCH) today announced that they have entered into a definitive merger agreement (the "Merger Agreement") under which FelCor will merge with and into a wholly-owned subsidiary of RLJ in an all-stock transaction. Post-merger, RLJ is expected to...
RLJ Lodging Trust Appoints Ross H. Bierkan as President and Chief Executive Officer and Leslie D. Hale as Chief Operating Officer
RLJ Lodging Trust | August 1, 2016
BETHESDA, Md. - August 1, 2016 - Robert L. Johnson, Executive Chairman of RLJ Lodging Trust (the "Company") (NYSE:RLJ), today announced that the Board of Trustees ("the Board") has appointed Ross H. Bierkan as President and Chief Executive Officer ("CEO") of the Company and Leslie D. Hale as Chief Operating Officer ("COO") of the Company. In addition, Mr. Bierkan has been elected to the Company's Board of Trustees. Mr. Bierkan was initially appointed as interim President and Chief Executive Officer in May 2016 following the departure of Thomas J. Baltimore, Jr. In response to Mr. Bierkan's appointment, Robert L. Johnson, Executive Chair...
RLJ Lodging Trust to Acquire Two Premium, Focused Service Hotels for $105.9 Million
RLJ Lodging Trust | July 16, 2015
BETHESDA, Md.--July 16, 2015--RLJ Lodging Trust (the "Company") (NYSE: RLJ) today announced it has acquired the 164-room Hyatt Place DC/Downtown/K Street in Washington, D.C. and will acquire within the next few days the 170-room Homewood Suites Seattle/Lynnwood in Lynnwood, WA for a combined purchase price of $105.9 million. The Company will use the cash available on its balance sheet for both acquisitions. "We are excited to add another high quality hotel to our Washington, D.C. portfolio and expand our West Coast footprint with our first hotel in the greater Seattle area," commented Thomas J. Baltimore, Jr., President and Chief Execut...
