RLJ Lodging Trust (RLJ) Tops Q1 FFO by 30c
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RLJ Lodging Trust Reports First Quarter 2016 Results
May 4, 2016 4:52 PM EDT- Completed a comprehensive $1.0 billion refinancing
- Repurchased 0.5 million common shares for $11.3 million
- Pro forma RevPAR increased 2.1%
BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three months ended March 31, 2016.
Highlights
Pro forma RevPAR increased 2.1%, Pro forma ADR increased 2.1%, and Pro forma Occupancy increased 0.1% Pro forma Hotel EBITDA Margin increased 35 basis points to 33.6% Pro forma Consolidated Hotel EBITDA increased 7.3% to $92.4 million... More