RLJ Lodging Trust (RLJ) Reports Q4 FFO of 60c
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RLJ Lodging Trust Reports Fourth Quarter and Full Year 2016 Results
February 22, 2017 4:45 PM EST- Full year Pro forma RevPAR increased 1.1%
- Refinanced over $1.0 billion of debt
- Sold four hotels for $301.5 million
BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the quarter and year ended December 31, 2016.
Full Year Highlights
Net income decreased 8.4% to $201.3 million Pro forma RevPAR increased 1.1%, driven by a Pro forma ADR increase of 1.1% Pro forma Hotel EBITDA Margin of 36.3%... More