RLJ Lodging TrustRLJ
What RLJ Lodging Trust does.
We are a self-advised and self-administered Maryland real estate investment trust that owns primarily premium-branded, rooms-oriented, high-margin, focused-service and compact full-service hotels located within heart of demand locations. We are one of the largest U.S. publicly-traded lodging REITs in terms of both number of hotels and number of rooms. Our hotels are concentrated in markets that we believe exhibit multiple demand generators and attractive long-term growth prospects. We believe premium-branded, focused-service and compact full-service hotels with these characteristics generate high levels of RevPAR, strong operating margins and attractive returns.
As of December 31, 2025, we owned 93 hotel properties with approximately 20,800 rooms, located in 23 states and the District of Columbia. We owned, through wholly-owned subsidiaries, a 100% interest in 91 of our hotel properties, a 95% controlling interest in one hotel property, and a 50% non-controlling interest in an entity owning one hotel property. We consolidate our real estate interests in the 92 hotel properties in which we hold a controlling financial interest, and we record the real estate interest in the one hotel property in which we hold an indirect 50% non-controlling interest using the equity method of accounting. We lease 92 of the 93 hotel properties to our TRSs, of which we own a controlling financial interest.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $473.1M | $785.7M | $1.2B | $1.3B | $1.4B | $1.3B |
| Net income | -$404.4M | -$305.2M | $41.9M | $76.4M | $68.0M | $28.5M |
| Free cash flow | -$242.0M | -$5.3M | $132.2M | $182.8M | $148.9M | $117.4M |
More on RLJ.
- RLJ Lodging Trust summary
- RLJ Lodging Trust financial statements
- RLJ Lodging Trust key metrics
- RLJ Lodging Trust health scores and style box
- RLJ Lodging Trust earnings
- RLJ Lodging Trust dividends
- RLJ Lodging Trust valuation
- RLJ Lodging Trust ownership and insiders
- RLJ Lodging Trust peers
Figures from RLJ Lodging Trust's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.