RLJ Lodging Extends COO Thomas Bardenett’s Employment

RLJ Lodging ( (RLJ) ) just unveiled an update.

RLJ Lodging Trust has entered into a second amended and restated employment agreement with Thomas Bardenett, its Executive Vice President and COO, effective as of December 20, 2024. The agreement, which extends his role until February 2029, maintains his salary at $565,000 with potential increases, and includes annual bonus opportunities and equity incentives, alongside severance and non-compete clauses.

More about RLJ Lodging

RLJ Lodging Trust is a company operating in the hospitality industry, focusing on acquiring high-quality hotels in diverse markets throughout the United States.

YTD Price Performance: -9.04%

Average Trading Volume: 1,700,148

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.59B

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