RLJ Lodging Trust (RLJ) Misses Q1 EPS by 24c, Revenues Miss
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RLJ Lodging Trust Reports First Quarter 2020 Results and Provides Business Update
May 12, 2020 4:30 PM EDT- Ample liquidity with approximately $1.2 billion of cash on hand
- Operations currently suspended at 57 hotels
BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three months ended March 31, 2020 and is providing a business update on its COVID-19 action plan.
Highlights
$1.2 billion of unrestricted cash and $200 million undrawn on line of credit No debt maturities until 2022 Temporarily suspended operations at 57 hotels due to the... More