RLJ Q4 2020 Earnings Report
Key Takeaways
RLJ Lodging Trust reported a challenging fourth quarter due to the ongoing pandemic, with a net loss of $87.9 million. However, the company successfully reduced its cash burn and maintained a strong liquidity position. Open hotels generated positive Hotel EBITDA, and the company is optimistic about recovery in the second half of 2021.
95 hotels, representing 93% of the portfolio, were open throughout Q4.
Total portfolio occupancy reached 34.1%, with open hotels achieving 37.5% occupancy.
The company experienced a net loss of $87.9 million and an Adjusted EBITDA loss of $12.8 million.
RLJ maintained strong liquidity with approximately $900 million in unrestricted cash and $200 million undrawn on its credit line.
RLJ
RLJ
Forward Guidance
Due to uncertainties, the Company is unable to provide a future outlook at this time.