RLJ Lodging Trust announces executive departure

RLJ Lodging Trust (NYSE:RLJ), a real estate investment trust with a market capitalization of $1.04 billion, disclosed the upcoming departure of Executive Vice President, General Counsel and Corporate Secretary Chad Perry. According to the company’s recent 8-K filing with the Securities and Exchange Commission, Perry will leave his positions at the company effective May 9, 2025, to pursue principal investing opportunities.

The announcement, made today, clarifies that Perry’s decision to step down is not due to any disagreements with the company’s operations, policies, or practices. Perry has been part of RLJ Lodging Trust’s executive team, contributing to the company’s legal and corporate strategies.

RLJ Lodging Trust, headquartered in Bethesda, Maryland, operates within the real estate sector, focusing on acquiring premium-branded, focused-service, and compact full-service hotels.

This transition comes as RLJ Lodging Trust continues to navigate the competitive landscape of the real estate investment market. The company has not yet announced a successor to Perry, and it is unclear if this departure will prompt a broader restructuring of the executive team.

Investors and stakeholders will be watching closely to see how this change in leadership will influence the company’s direction and strategies moving forward. The information regarding Perry’s departure is based solely on the company’s SEC filing and does not include any speculative insights or potential impacts on the company’s future performance.

In other recent news, RLJ Lodging Trust reported its fourth-quarter 2024 earnings, exceeding expectations with an earnings per share (EPS) of -$0.01, compared to the forecasted -$0.04. The company also surpassed revenue expectations, reporting $330 million against the anticipated $323.92 million. RLJ Lodging Trust’s strong performance was highlighted by a 3.7% growth in revenue per available room (RevPAR) in urban markets, which constitute a significant portion of its portfolio. Additionally, the company maintains substantial liquidity with over $900 million available.

In another development, RLJ Lodging Trust announced the upcoming retirement of its Chief Financial Officer, Sean M. Mahoney, in May 2025. Mahoney has been with the company for seven years and played a significant role in its transformation and financial success. The company is currently in the process of selecting his successor.

Analyst firms have not reported any upgrades or downgrades for RLJ Lodging Trust recently. However, the company’s strategic focus on urban markets and hotel conversions continues to drive its performance. CEO Leslie Hale expressed confidence in the company’s growth prospects, projecting RevPAR growth of 1-3% for 2025.

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