Seven hotels near Chicago left RLJ's portfolio in a $110 million sale; RLJ raised its outlook.
RLJ Lodging Trust sold seven Chicago hotels for $110M. Q3 results beat expectations: RevPAR up 9.7%, Hotel EBITDA up 17.5%. Adjusted FFO per share rose 25.9%. The company raised its full-year outlook, excluding the sold assets. RLJ owns 84 hotels in urban markets.
How this was made
The 30-second read
Why it matters
The disclosed numbers and outlook upgrade are new information that can move the stock.
Market read
First report of Q3 results and outlook raise; likely to affect RLJ share price and peer REITs.
What to watch
Potential capex needs for remaining portfolio and macro travel demand risks.
Background
RLJ Lodging Trust is a publicly traded REIT focused on urban hotels. The Q3 release includes operational and financial metrics and an updated full-year outlook.
Ticker impact
RLJ Lodging Trust reported Q3 results with higher RevPAR, EBITDA and raised full-year outlook after selling seven Chicago hotels for $110M.
likely upside as investors price in higher RevPAR and outlook
The company disclosed fresh financial numbers and an upgraded outlook, which are primary market-moving information.
Market effects
Strong performance may lift other REITs and hospitality stocks.
Positive for US hotel REITs and urban hotel operators.
Limited to US hospitality real estate sector.
Counterpoint
The sale of Chicago assets could reduce future revenue base, offsetting short-term gains.
Key entities
- CompanyRLJ Lodging Trust
US-listed REIT (ticker RLJ) reporting Q3 results and outlook.



