RLJ Lodging Trust Reports Strong Q1 Performance and Balance Sheet Improvements
RLJ Lodging Trust reported first-quarter results exceeding expectations, with RevPAR up 4.8% driven by strong business transient demand and urban-centric markets. Non-room revenue growth outpaced industry trends, contributing to a 7.2% increase in hotel EBITDA. The company also strengthened its balance sheet by adding $500 million of undrawn capacity and eliminating near-term debt maturities until 2029.
Tickers: $RLJ
Topics: hotel_industry real_estate reits