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Mar 31, 2021
RLJ Q1 2021 Earnings Report
Reported results for the three months ended March 31, 2021.
Key Takeaways
RLJ Lodging Trust reported a total revenue of $119.6 million and a net loss of $79.1 million for the first quarter of 2021. The company's total portfolio achieved 43.0% occupancy and open hotels achieved 46.4% occupancy. They also repaid $200.0 million on their Revolving Credit Facility.
Repaid $200.0 million on Revolving Credit Facility
Sold one non-core hotel for a gain of $1.1 million
97 hotels open during the first quarter, representing 96% of the portfolio
Total portfolio achieved 43.0% occupancy and open hotels achieved 46.4% occupancy
Forward Guidance
Given the continued uncertainties related to the pandemic and its impact on travel, the Company is unable to provide a future outlook at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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