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RLJ Lodging ( (RLJ) ) just unveiled an update.
On February 18, 2025, RLJ Lodging Trust announced that it had entered into an amended and restated employment agreement with Robert L. Johnson, the Executive Chairman of the Company’s Board of Trustees, effective November 1, 2024. The agreement, which maintains similar terms to previous arrangements, will keep Mr. Johnson in his role for a three-year term with specified compensation packages and potential bonuses, as well as options for equity grants. The agreement also outlines severance, non-competition, and non-solicitation terms, impacting the company’s executive stability and leadership continuity.
More about RLJ Lodging
RLJ Lodging Trust operates in the hospitality industry, focusing on hotel investments. The company is structured as a real estate investment trust (REIT) and is involved in acquiring and managing premium-branded, focused-service, and compact full-service hotels.
YTD Price Performance: -2.31%
Average Trading Volume: 1,585,882
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.5B
Learn more about RLJ stock on TipRanks’ Stock Analysis page.
