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RLJ Lodging Trust (RLJ.N)

RLJ.N on New York Stock Exchange

21.98USD
20 Oct 2017
Change (% chg)

$-0.58 (-2.57%)
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Volume
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Latest Key Developments (Source: Significant Developments)

RLJ Lodging Trust posts change of control offer for Felcor’s 5.625 pct Senior Secured Notes
Tuesday, 19 Sep 2017 09:00am EDT 

Sept 19 (Reuters) - RLJ Lodging Trust :RLJ Lodging Trust announces change of control offer for Felcor LP’s 5.625 pct Senior Secured Notes due 2023.RLJ Lodging Trust - ‍change of control offer will expire at 9:00 a.m., New York City time, on October 19, 2017.  Full Article

RLJ Lodging Trust provides hurricane update
Wednesday, 13 Sep 2017 09:15am EDT 

Sept 13 (Reuters) - RLJ Lodging Trust :RLJ Lodging Trust provides hurricane update.RLJ Lodging Trust - ‍in texas, all of company's 11 hotels in Houston market remain operational​.RLJ Lodging Trust - in florida, 8 of co's 20 hotels had been temporarily closed to comply with mandatory evacuation orders.RLJ Lodging Trust - ‍ in Florida, based on preliminary information, no material property damage has been reported​.RLJ Lodging Trust - ‍RLJ's hotels in Austin and San Antonio markets have also remained operational and were largely unaffected​.RLJ Lodging Trust - ‍to date, there has been no material property damage reported to company's hotels in houston market.  Full Article

RLJ Lodging Trust issues statement in response to Land & Buildings
Thursday, 7 Sep 2017 04:59pm EDT 

Sept 8 (Reuters) - RLJ Lodging Trust :RLJ Lodging Trust issues statement in response to Land & Buildings.RLJ Lodging Trust - ‍with recent closing of merger with Felcor, co is working to integrate both platforms.​.  Full Article

Land and Buildings issues open letter to RLJ Lodging Trust shareholders
Wednesday, 6 Sep 2017 09:00am EDT 

Sept 6 (Reuters) - ‍Land and Buildings​: :Land and Buildings issues open letter to RLJ Lodging Trust shareholders.‍Land and Buildings​ says RLJ should run a process to evaluate strategic alternatives to seek interest from potential buyers ‍​.Land and Buildings says RLJ should provide roadmap outlining how board expects to deliver value to shareholders that is better than Blackstone's reported offer.  Full Article

RLJ Lodging Trust entered into amendment to second amended & restated credit agreement
Friday, 1 Sep 2017 09:08am EDT 

Sept 1 (Reuters) - RLJ Lodging Trust :Says on Aug 31, co, RLJ Lodging Trust Lp, entered into first amendment to second amended & restated credit agreement.Says first amendment increased revolving loan commitments under existing credit facility from $400 million to $600 million - SEC filing.Says first amendment provides operating partnership with option to further increase revolving loan commitments to $750 million.Says first amendment to second amended & restated credit agreement amends second amended & restated credit agreement, dated April 22, 2016‍​.Says on Aug 31, co, RLJ Lodging Trust Lp entered a fifth amendment to term loan agreement​ dated Nov 20, 2012.As a result of Felcor mergers, company and operating partnership assumed liabilities of Felcor and Felcor Lp outstanding at time of mergers.  Full Article

Felcor Lodging Trust Q2 adjusted FFO per share $0.26
Wednesday, 9 Aug 2017 08:37am EDT 

Aug 9 (Reuters) - Felcor Lodging Trust Inc :Felcor reports second quarter 2017 earnings.Q2 adjusted FFO per share $0.26.Qtrly ‍net loss attributable to felcor common stockholders $0.06 per share​.Special meeting to approve merger with RLJ scheduled for August 15​.Qtrly ‍same-store revpar was $161.98 compared to $163.62 for same period in 2016​.Due to pending merger with RLJ, co is not providing any further updates to guidance for remainder of year​.Q2 FFO per share view $0.29 -- Thomson Reuters I/B/E/S.Net loss in quarter includes a $10.3 million impairment charge, reflecting further basis reduction for two hotels held for sale at June 30.  Full Article

RLJ Lodging Trust Q2 adjusted FFO per share $0.71
Thursday, 3 Aug 2017 05:50pm EDT 

Aug 3 (Reuters) - RLJ Lodging Trust ::RLJ Lodging Trust reports second quarter 2017 results.Q2 adjusted FFO per share $0.71.Qtrly ‍pro forma revpar decreased 3.4 pct, pro forma occupancy decreased 2.1 pct, and pro forma adr decreased 1.2 pct​.RLJ Lodging Trust sees FY 2017 ‍pro forma revpar growth in range of -2.0 pct to -1.0 pct​.  Full Article

RLJ Lodging Trust Q1 adjusted FFO per share $0.52
Monday, 8 May 2017 05:24pm EDT 

May 8 (Reuters) - RLJ Lodging Trust ::RLJ Lodging Trust reports first quarter 2017 results.Q1 adjusted FFO per share $0.52.RLJ Lodging Trust says pro forma revpar for three months ended March 31, 2017, decreased 0.6% over comparable period in 2016.RLJ Lodging Trust says for full year 2017, company is maintaining its prior outlook.Q1 FFO per share view $0.52 -- Thomson Reuters I/B/E/S.  Full Article

RLJ Lodging Trust reports Q4 adjusted FFO per share $0.60
Wednesday, 22 Feb 2017 04:45pm EST 

RLJ Lodging Trust : RLJ Lodging Trust reports fourth quarter and full year 2016 results . Q4 adjusted FFO per share $0.60 . RLJ Lodging Trust sees 2017 pro forma revpar growth negative 1.0pct to positive 1.0pct .RLJ Lodging Trust sees 2017 pro forma hotel EBITDA margin 34.5pct to 35.5pct.  Full Article

RLJ Lodging Trust announces sale of two hotels in New York City for $286 million
Tuesday, 6 Dec 2016 09:00am EST 

RLJ Lodging Trust : RLJ Lodging Trust announces sale of two hotels in New York City for $286 million . To use proceeds from sale of these hotels for general corporate purposes, which may include paying down debt, repurchasing shares .Separately, company sold one other hotel in Bakersfield, CA for $13 million.  Full Article

BRIEF-RLJ Lodging Trust posts change of control offer for Felcor’s 5.625 pct Senior Secured Notes

* RLJ Lodging Trust announces change of control offer for Felcor LP’s 5.625 pct Senior Secured Notes due 2023