RevPAR Index Gain
Despite a 5.1% decline in RevPAR, RLJ Lodging Trust gained market share with an increase in RevPAR index, showcasing the resilience and quality of their assets.
Strong Non-Room Revenue Growth
Non-room revenue grew by 1.3%, outperforming RevPAR by over 600 basis points, driven by ROI initiatives in food and beverage, parking, and expanded market offerings.
Successful Renovations and Conversions
The company's transformative renovations in Waikiki, Key West, and Fort Lauderdale are substantially complete. Recent conversions achieved 6% growth, with new projects in Pittsburgh and Boston expected to unlock significant EBITDA upside.
Urban Hotel Performance
Urban markets outperformed the broader portfolio with a 50 basis points lead. San Francisco CBD hotels achieved 19.4% RevPAR growth, driven by conferences and events.
Improved Debt Position
The company ended the quarter with $1 billion in liquidity and addressed all 2025 debt maturities, with 74% of debt fixed or hedged.