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RLJ Lodging shared its third-quarter results, showing a 9.7% rise in revenue per available room.

ResultsRead the original at Benzinga
Good for RLJ

RLJ Lodging Trust raised its full-year forecast as room revenue per available room rose 9.7% and EBITDA grew twice as fast as sales. The $110 million sale of 7 hotels shifts money toward lifestyle properties, but stronger operations and the raised forecast favor RLJ.

RLJ · RLJ Lodging Trust

AI read · Good for RLJ

The AI's read

More guests and higher room rates lifted hotel sales. The company also reported stronger demand for business, leisure, and group stays. Selling 7 hotels shifts money toward lifestyle properties, but leaves RLJ with fewer hotels. Stronger operations and a higher full-year forecast make the report favorable overall.

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