RLJ Lodging Trust (RLJ) Tops Q4 EPS by 1c, Revenues Miss
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RLJ Lodging Trust Reports Fourth Quarter and Full Year 2018 Results
February 28, 2019 4:15 PM EST- Sold seven hotels in 2018 for approximately $533 million at a 16.5x trailing EBITDA multiple
- Repaid $635 million of debt in 2018, exceeding initial goal of $500 million
- Realized $22 million in merger synergies
BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three months and year ended December 31, 2018.
Fourth Quarter Highlights
Pro forma RevPAR decrease of 3.0% Pro forma Hotel EBITDA Margin of 31.2% Net income of $27.9 million... More