FelCor Lodging 10-Q 6 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	333-220497
Entity Registrant Name	RANGERS SUB I, LLC
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	30-1001580
Entity Address, Address Description	3 Bethesda Metro Center, Suite 1000
Entity Address, City or Town	Bethesda,
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	301
Local Phone Number	280-7777
Title of 12(b) Security	Not applicable (1)
No Trading Symbol Flag
Security Exchange Name
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001715629
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
FelCor Lodging LP
Document Information [Line Items]
Entity File Number	333-39595-01
Entity Registrant Name	FELCOR LODGING LIMITED PARTNERSHIP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-2544994
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001048789

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets
Investment in hotel properties, net	$ 1,879,303	$ 1,901,644
Investment in unconsolidated joint ventures	6,891	6,798
Cash and cash equivalents	56,587	61,766
Restricted cash reserves	8,327	3,882
Related party rent receivable	40,683	0
Advance to Lessee - related party	4,859	2,709
Lease right-of-use assets	74,026	76,256
Prepaid expense and other assets	6,285	8,609
Total assets	2,076,961	2,061,664
Liabilities and Equity
Debt, net	616,457	705,863
Related party debt	85,000	85,000
Accounts payable and other liabilities	22,037	29,609
Lease liabilities	45,713	46,575
Related party rent payable	0	493
Accrued interest	2,374	2,374
Accrued Interest, Related Party	116	127
Total liabilities	771,697	870,041
Commitments and Contingencies (Note 8)
Member's equity:
Members' Capital	1,344,757	1,201,428
Accumulated deficit	(60,506)	(29,878)
Member's equity	1,284,251	1,171,550
Noncontrolling interests:
Noncontrolling interest in consolidated joint ventures	8,040	8,239
Noncontrolling interest in FelCor LP	12,973	11,834
Total noncontrolling interests	21,013	20,073
Total equity	1,305,264	1,191,623
Total liabilities and equity	2,076,961	2,061,664
FelCor Lodging LP
Assets
Investment in hotel properties, net	1,879,303	1,901,644
Investment in unconsolidated joint ventures	6,891	6,798
Cash and cash equivalents	56,587	61,766
Restricted cash reserves	8,327	3,882
Related party rent receivable	40,683	0
Advance to Lessee - related party	4,859	2,709
Lease right-of-use assets	74,026	76,256
Prepaid expense and other assets	6,285	8,609
Total assets	2,076,961	2,061,664
Liabilities and Equity
Debt, net	616,457	705,863
Related party debt	85,000	85,000
Accounts payable and other liabilities	22,037	29,609
Lease liabilities	45,713	46,575
Related party rent payable	0	493
Accrued interest	2,374	2,374
Accrued Interest, Related Party	116	127
Total liabilities	771,697	870,041
Commitments and Contingencies (Note 8)
Member's equity:
Partners’ capital	1,358,341	1,213,564
Accumulated deficit	(61,117)	(30,180)
Partners’ capital	1,297,224	1,183,384
Noncontrolling interests:
Noncontrolling interest in consolidated joint ventures	8,040	8,239
Total equity	1,305,264	1,191,623
Total liabilities and equity	$ 2,076,961	$ 2,061,664

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues
Related party lease revenue	$ 23,107	$ (5,182)	$ 41,046	$ 20,436
Expenses
General and administrative			387	984
Transaction costs			(3)	10
Related party interest expense	(700)	(700)	(1,300)	(1,700)
Loss on extinguishment of indebtedness, net			(3,611)	0
Equity in income (loss) from unconsolidated joint ventures	60	(958)	(238)	(409)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(17,080)	(43,205)	(31,136)	(55,219)
Net loss attributable to noncontrolling interests:
Comprehensive Income (Loss), Net of Tax, Attributable to Parent			(30,628)	(54,517)
FelCor Lodging LP
Revenues
Related party lease revenue	23,107	(5,182)	41,046	20,436
Total revenues	23,107	(5,182)	41,046	20,436
Expenses
Depreciation and amortization	19,413	18,757	38,540	37,284
Property tax, insurance and other	8,761	9,147	12,878	19,519
General and administrative	246	617	387	984
Transaction costs	(3)	(1)	(3)	10
Total operating expenses	28,417	28,520	51,802	57,797
Other income (expense)	18	0	(9)	1
Interest income	23	18	47	113
Interest expense	(7,594)	(7,775)	(15,239)	(15,808)
Related party interest expense	(666)	(746)	(1,330)	(1,713)
Loss on sale of hotel properties, net	0	(42)	0	(42)
Loss on extinguishment of indebtedness, net	(3,611)	0	(3,611)	0
Income (loss) before equity in income from unconsolidated joint ventures	(17,140)	(42,247)	(30,898)	(54,810)
Equity in income (loss) from unconsolidated joint ventures	60	(958)	(238)	(409)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(17,080)	(43,205)	(31,136)	(55,219)
Net loss attributable to noncontrolling interests:
Noncontrolling interest in consolidated joint ventures	100	101	199	151
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(16,980)	(43,104)	(30,937)	(55,068)
Rangers Sub I, LLC
Revenues
Related party lease revenue	23,107	(5,182)	41,046	20,436
Total revenues	23,107	(5,182)	41,046	20,436
Expenses
Depreciation and amortization	19,413	18,757	38,540	37,284
Property tax, insurance and other	8,761	9,147	12,878	19,519
General and administrative	246	617
Transaction costs	(3)	(1)
Total operating expenses	28,417	28,520	51,802	57,797
Other income (expense)	18	0	(9)	1
Interest income	23	18	47	113
Interest expense	(7,594)	(7,775)	(15,239)	(15,808)
Related party interest expense	(666)	(746)	(1,330)	(1,713)
Loss on sale of hotel properties, net	0	(42)	0	(42)
Loss on extinguishment of indebtedness, net	(3,611)	0	(3,611)	0
Income (loss) before equity in income from unconsolidated joint ventures	(17,140)	(42,247)	(30,898)	(54,810)
Equity in income (loss) from unconsolidated joint ventures	60	(958)	(238)	(409)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(17,080)	(43,205)	(31,136)	(55,219)
Net loss attributable to noncontrolling interests:
Noncontrolling interest in consolidated joint ventures	100	101	199	151
Noncontrolling interest in FelCor LP	169	431	$ 309	$ 551
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ (16,811)	$ (42,673)

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Additional Paid-in Capital	Retained Earnings	Noncontrolling Interest, Operating Partnerships	Consolidated Joint Ventures	FelCor Lodging LP	FelCor Lodging LPAdditional Paid-in Capital	FelCor Lodging LPRetained Earnings	FelCor Lodging LPConsolidated Joint Ventures
Balance at Dec. 31, 2019	$ 1,240,819	$ 1,119,913	$ 99,996	$ 12,322	$ 8,588	$ 1,240,819	$ 1,131,226	$ 101,005	$ 8,588
Increase (Decrease) in Owners' Equity
Net income (loss) and comprehensive income (loss)	(55,219)		(54,517)	(551)	(151)	(55,219)	0	(55,068)	(151)
Contributions	104,017	102,976		1,041		104,017	104,017
Distributions	(74,883)	(74,133)		(750)		(74,883)	(74,883)
Balance at Jun. 30, 2020	1,214,734	1,148,756	45,479	12,062	8,437	1,214,734	1,160,360	45,937	8,437
Balance at Mar. 31, 2020	1,183,478	1,075,039	88,152	11,749	8,538	1,183,478	1,085,899	89,041	8,538
Increase (Decrease) in Owners' Equity
Net income (loss) and comprehensive income (loss)	(43,205)		(42,673)	(431)	(101)	(43,205)		(43,104)	(101)
Contributions	79,376	78,582		794		79,376	79,376
Distributions	(4,915)	(4,865)		(50)		(4,915)	(4,915)
Balance at Jun. 30, 2020	1,214,734	1,148,756	45,479	12,062	8,437	1,214,734	1,160,360	45,937	8,437
Balance at Dec. 31, 2020	1,191,623	1,201,428	(29,878)	11,834	8,239	1,191,623	1,213,564	(30,180)	8,239
Increase (Decrease) in Owners' Equity
Net income (loss) and comprehensive income (loss)	(31,136)		(30,628)	(309)	(199)	(31,136)		(30,937)	(199)
Contributions	146,790	145,322		1,468		146,790	146,790
Distributions	(2,013)	(1,993)		(20)		(2,013)	(2,013)
Balance at Jun. 30, 2021	1,305,264	1,344,757	(60,506)	12,973	8,040	1,305,264	1,358,341	(61,117)	8,040
Balance at Mar. 31, 2021	1,192,422	1,216,134	(43,695)	11,843	8,140	1,192,422	1,228,419	(44,137)	8,140
Increase (Decrease) in Owners' Equity
Net income (loss) and comprehensive income (loss)	(17,080)		(16,811)	(169)	(100)	(17,080)		(16,980)	(100)
Contributions	130,741	129,433		1,308		130,741	130,741
Distributions	(819)	(810)		(9)		(819)	(819)
Balance at Jun. 30, 2021	$ 1,305,264	$ 1,344,757	$ (60,506)	$ 12,973	$ 8,040	$ 1,305,264	$ 1,358,341	$ (61,117)	$ 8,040

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities
Net loss	$ (31,136)	$ (55,219)
Adjustments to reconcile net loss to cash flow (used in) provided by operating activities:
Loss on extinguishment of indebtedness, net	3,611	0
Equity in loss from unconsolidated joint ventures	238	409
Changes in assets and liabilities:
Net cash flow (used in) provided by operating activities	(37,616)
Cash flows from investing activities
Proceeds from the sale of hotel properties, net	0	42
Improvements and additions to hotel properties	(14,948)	(17,742)
Advance to Lessee - related party	(2,150)	0
Contributions to unconsolidated joint ventures	(331)	(100)
Net cash flow used in investing activities	(17,429)	(17,884)
Cash flows from financing activities
Repayments of borrowings	(90,466)	(1,340)
Contributions from members	146,790	104,017
Distributions to members	(2,013)	(74,883)
Net cash flow provided by financing activities	54,311	27,794
Net change in cash, cash equivalents, and restricted cash reserves	(734)	48,142
Cash, cash equivalents, and restricted cash reserves, beginning of year	65,648	23,719
Cash, cash equivalents, and restricted cash reserves, end of period	64,914	71,861
Rangers Sub I, LLC
Cash flows from operating activities
Net loss	(31,136)	(55,219)
Adjustments to reconcile net loss to cash flow (used in) provided by operating activities:
Loss on sale of hotel properties, net	0	42
Loss on extinguishment of indebtedness, net	3,611	0
Depreciation and amortization	38,540	37,284
Amortization of deferred financing costs	99	99
Other amortization	(1,344)	(1,374)
Equity in loss from unconsolidated joint ventures	238	409
Changes in assets and liabilities:
Related party rent receivable	(40,683)	49,181
Prepaid expense and other assets	2,083	1,371
Related party rent payable	(493)	2,938
Accounts payable and other liabilities	(8,520)	3,572
Accrued interest	0	(1)
Related party accrued interest	(11)	(70)
Net cash flow (used in) provided by operating activities		38,232
Cash flows from financing activities
Cash, cash equivalents, and restricted cash reserves, end of period	64,914	71,861
FelCor Lodging LP
Cash flows from operating activities
Net loss	(31,136)	(55,219)
Adjustments to reconcile net loss to cash flow (used in) provided by operating activities:
Loss on sale of hotel properties, net	0	42
Loss on extinguishment of indebtedness, net	3,611	0
Depreciation and amortization	38,540	37,284
Amortization of deferred financing costs	99	99
Other amortization	(1,344)	(1,374)
Equity in loss from unconsolidated joint ventures	238	409
Changes in assets and liabilities:
Related party rent receivable	(40,683)	49,181
Prepaid expense and other assets	2,083	1,371
Related party rent payable	(493)	2,938
Accounts payable and other liabilities	(8,520)	3,572
Accrued interest	0	(1)
Related party accrued interest	(11)	(70)
Net cash flow (used in) provided by operating activities	(37,616)	38,232
Cash flows from investing activities
Proceeds from the sale of hotel properties, net	0	42
Improvements and additions to hotel properties	(14,948)	(17,742)
Advance to Lessee - related party	(2,150)	0
Contributions to unconsolidated joint ventures	(331)	(100)
Net cash flow used in investing activities	(17,429)	(17,884)
Cash flows from financing activities
Repayments of borrowings	(90,466)	(1,340)
Contributions from members	146,790	104,017
Distributions to members	(2,013)	(74,883)
Net cash flow provided by financing activities	54,311	27,794
Net change in cash, cash equivalents, and restricted cash reserves	(734)	48,142
Cash, cash equivalents, and restricted cash reserves, beginning of year	65,648	23,719
Cash, cash equivalents, and restricted cash reserves, end of period	$ 64,914	$ 71,861

Organization

Organization	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	General Organization Rangers Sub I, LLC ("Rangers") is a Maryland limited liability company and a wholly-owned subsidiary of RLJ Lodging Trust, L.P. ("RLJ LP"). Rangers owns an indirect 99% partnership interest in FelCor Lodging Limited Partnership ("FelCor LP"). Rangers General Partner, LLC, also a wholly-owned subsidiary of RLJ LP, owns the remaining 1% partnership interest and is the sole general partner of FelCor LP. Rangers and FelCor LP are collectively referred to as the "Company." Substantially all of the Company’s assets and liabilities are held by, and all of its operations are conducted through FelCor LP. The Company owns primarily premium-branded, compact full-service hotels located in major markets and resort locations. As of June 30, 2021, the Company owned 28 hotel properties with approximately 8,100 rooms, located in 13 states. The Company, through wholly-owned subsidiaries, owned a 100% interest in 25 hotel properties, a 95% controlling interest in The Knickerbocker, and 50% interests in entities owning two hotel properties. The Company consolidates its real estate interests in the 26 hotel properties in which it holds a controlling financial interest, and the Company records the real estate interests in the two hotels in which it holds an indirect 50% interest using the equity method of accounting. The Company leases 27 of its 28 hotel properties to subsidiaries of RLJ LP. COVID-19 The Company's hotel property-owning subsidiaries (the “Lessors”) lease the hotel properties to property-operating lessees owned by TRS subsidiaries of RLJ (the “Lessees”). The Company receives related party lease revenue from these lease agreements, including percentage rent. The percentage rent amounts are calculated based on a percentage of room revenues, food and beverage revenues and other revenues at the hotel properties. As a result, the global outbreak of the novel coronavirus, or COVID-19, and the public health measures that have been undertaken in response have had, and will likely continue to have, a material impact on the Company's financial results and liquidity. Since the extent to which the COVID-19 pandemic will continue to impact the Company's operations will depend on future developments that are highly uncertain, the Company cannot estimate the impact on its business, financial condition or near- or longer-term financial or operational results with reasonable certainty. As of June 30, 2021, operations at one hotel located in New York City remained suspended. RLJ will continue to evaluate reopening this hotel based on market conditions and other factors.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The combined Annual Report on Form 10-K for the year ended December 31, 2020 of Rangers and FelCor LP contains a discussion of the Company's significant accounting policies. Other than noted below, there have been no significant changes to the Company's significant accounting policies since December 31, 2020. Basis of Presentation and Principles of Consolidation The unaudited consolidated financial statements and related notes have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP") and in conformity with the rules and regulations of the Securities and Exchange Commission ("SEC") applicable to financial information. The unaudited financial statements include all adjustments that are necessary, in the opinion of management, to fairly state the consolidated balance sheets, statements of operations and comprehensive loss, statements of changes in equity (partners' capital) and statements of cash flows. The unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto as of and for the year ended December 31, 2020, included in the combined Annual Report on Form 10-K of Rangers and FelCor LP filed with the SEC on February 26, 2021. The consolidated financial statements include the accounts of Rangers, FelCor LP and its wholly-owned subsidiaries, and joint ventures in which the Company has a majority voting interest and control. For the controlled subsidiaries that are not wholly-owned, the third-party ownership interest represents a noncontrolling interest, which is presented separately in the consolidated financial statements. The Company also records the real estate interests in two joint ventures in which it holds an indirect 50% interest using the equity method of accounting. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Given the additional and unforeseen effects from the COVID-19 pandemic, these estimates have become more challenging, and actual results could differ from those estimates. Leases On April 10, 2020, the Financial Accounting Standards Board (the "FASB") issued a Staff Q&A to respond to frequently asked questions about accounting for lease concessions related to the effects of the COVID-19 pandemic. Consequently, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance to those contracts. Entities may make the elections for any lessor-provided concessions related to the effects of the COVID-19 pandemic (e.g., deferrals of lease payments, cash payments made to the lessee, reduced future lease payments) as long as the concession does not result in a substantial increase in the rights of the lessor or the obligations of the lessee. As a result of the impact of the COVID-19 pandemic on the Lessees, the Company made the determination to abate base rent totaling $2.8 million for two of its Lessees for the three months ended March 31, 2021, and to abate base rent totaling $2.8 million for these Lessees for the three months ended June 30, 2021. The Lessees have received total abatements on base rent of $5.6 million during the six months ended June 30, 2021. All of the Lessees negotiated for and were granted abatements on base rent totaling $17.5 million for the three months ended June 30, 2020. The Company did not abate base rent for any of the Lessees for the three months ended March 31, 2020. The Company has elected to not evaluate whether these rent abatements are lease modifications. The Company has elected to not apply the lease modification guidance to the rent abatements, and, as such, the Company has recognized the rent abatements as negative variable lease revenue of $2.8 million during the three months ended March 31, 2021, $2.8 million during the three months ended June 30, 2021, and $17.5 million during the three months ended June 30, 2020. The Company will continue to evaluate the impact of lease concessions and/or abatements and the appropriate accounting. Recently Issued Accounting Pronouncements In December 2019, the FASB issued Accounting Standards Update ("ASU") 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The guidance enhances and simplifies various aspects of the current income tax guidance and reduces complexity by removing certain exceptions to the general framework. The Company adopted this new standard on January 1, 2021. The adoption of this standard did not have a material impact on the Company's consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.

Investment in Hotel Properties

Investment in Hotel Properties	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Investment in Hotel Properties	Investment in Hotel Properties Investment in hotel properties consisted of the following (in thousands): June 30, 2021 December 31, 2020 Land and improvements $ 501,591 $ 501,448 Buildings and improvements 1,491,971 1,481,983 Furniture, fixtures and equipment 149,372 143,546 2,142,934 2,126,977 Accumulated depreciation (263,631) (225,333) Investment in hotel properties, net $ 1,879,303 $ 1,901,644

Investment in Unconsolidated En

Investment in Unconsolidated Entities	6 Months Ended
	Jun. 30, 2021
Investment in Unconsolidated Entities [Abstract]
Investment in Unconsolidated Entities	Investment in Unconsolidated Joint Ventures As of June 30, 2021 and December 31, 2020, the Company owned 50% interests in joint ventures that owned two hotel properties. During the year ended December 31, 2020, one of the unconsolidated joint ventures determined the property ground lease will terminate on October 31, 2021 and the property will revert to the ground lessor at that time. The Company accounts for the investments in these unconsolidated joint ventures under the equity method of accounting. The Company makes adjustments to the equity in income (loss) from unconsolidated joint ventures related to the difference between the Company's basis in the investment in the unconsolidated joint ventures as compared to the historical basis of the assets and liabilities of the joint ventures. As of June 30, 2021 and December 31, 2020, the unconsolidated entities' debt consisted entirely of non-recourse mortgage debt. The following table summarizes the components of the Company's investments in unconsolidated joint ventures (in thousands): June 30, 2021 December 31, 2020 Equity basis of the joint venture investments $ (6,283) $ (6,687) Cost of the joint venture investments in excess of the joint venture book value 13,174 13,485 Investment in unconsolidated joint ventures $ 6,891 $ 6,798 The following table summarizes the components of the Company's equity in income (loss) from unconsolidated joint ventures (in thousands): For the three months ended June 30, For the six months ended June 30, 2021 2020 2021 2020 Operating income (loss) $ 215 $ (678) $ 73 $ 151 Depreciation of cost in excess of book value (155) (280) (311) (560) Equity in income (loss) from unconsolidated joint ventures $ 60 $ (958) $ (238) $ (409)

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	Debt The Company's debt consisted of the following (in thousands): Outstanding Borrowings at Number of Assets Encumbered Interest Rate Maturity Date June 30, 2021 December 31, 2020 Senior Notes (1)(2)(3) — 6.00% June 2025 $ 493,397 $ 495,759 Mortgage loan (4) 3 — October 2022 — 86,775 Mortgage loan (5) 1 4.94% October 2022 27,606 27,972 Mortgage loan (1)(6) 3 1.70% April 2024 (7) 96,000 96,000 7 617,003 706,506 Deferred financing costs, net (546) (643) Debt, net $ 616,457 $ 705,863 (1) Requires payments of interest only through maturity. (2) The Senior Notes (as defined below) include $18.5 million and $20.9 million at June 30, 2021 and December 31, 2020, respectively, related to fair value adjustments that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. (3) The Company has the option to redeem the Senior Notes at a price of 102.0% of face value. (4) Includes $0.9 million at December 31, 2020 related to fair value adjustments on the mortgage loan that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. In June 2021, the Company paid off the mortgage loan in full and paid approximately $4.3 million in termination costs. (5) Includes $0.2 million and $0.3 million at June 30, 2021 and December 31, 2020, respectively, related to a fair value adjustment on the mortgage loan that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. In July 2021, the Company paid off the mortgage loan in full and paid approximately $1.3 million in termination costs. (6) The hotels encumbered by the mortgage loan are cross-collateralized. (7) The mortgage loan provides two one year extension options. The 6.000% Senior Notes due 2025 (the "Senior Notes") are subject to a maximum unsecured leverage maintenance covenant, which is based on asset value that is calculated at historical cost. In addition, the Senior Notes are subject to various incurrence covenants that limit the ability of the Company to incur additional debt if these covenants are violated. Failure to meet these incurrence covenant thresholds does not, in and of itself, constitute an event of default under the Senior Notes indenture. As of June 30, 2021, the Company was in compliance with all maintenance and incurrence covenants except the interest coverage ratio. As a result, the Company is currently prohibited from incurring additional debt until such ratio becomes compliant. Certain mortgage agreements are subject to various maintenance covenants requiring the Company to maintain a minimum debt yield or debt service coverage ratio ("DSCR"). Failure to meet the debt yield or DSCR thresholds is not an event of default, but instead triggers a cash trap event. During the cash trap event, the lender or servicer of the mortgage loan controls cash outflows until the loan is covenant compliant. In addition, certain mortgage loans have other requirements including continued operation and maintenance of the hotel property. At June 30, 2021, both mortgage loans were below the DSCR threshold and were in cash trap events. At June 30, 2021, there was approximately $3.4 million in restricted cash held by lenders due to cash trap events. This amount includes approximately $1.8 million of restricted cash held by a lender on the mortgage loan that was paid off in June 2021. Subsequent to June 30, 2021, the Company received these cash trap funds for the paid off mortgage loan.

Related Party Debt (Notes)

Related Party Debt (Notes)	6 Months Ended
	Jun. 30, 2021
Related Party Debt [Abstract]
Related Party Debt	Related Party DebtIn November 2018, the Company's consolidated joint venture entered into an $85.0 million related party mortgage loan with RLJ LP, which is included in related party debt in the accompanying consolidated balance sheets. The related party mortgage loan has an interest rate of LIBOR + 3.00% and a maturity date of November 9, 2023. The related party mortgage loan requires payments of interest only through maturity. The hotel property owned by the Company's consolidated joint venture is encumbered by the related party mortgage loan.During the three and six months ended June 30, 2021, the Company recognized $0.7 million and $1.3 million of interest expense, respectively, related to its related party loan with RLJ LP. During the three and six months ended June 30, 2020, the Company recognized $0.7 million and $1.7 million of interest expense, respectively, related to its related party loan with RLJ LP.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Fair Value Measurement Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market. The fair value hierarchy has three levels of inputs, both observable and unobservable: • Level 1 — Inputs include quoted market prices in an active market for identical assets or liabilities. • Level 2 — Inputs are market data, other than Level 1, that are observable either directly or indirectly. Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an inactive market, and other observable information that can be corroborated by market data. • Level 3 — Inputs are unobservable and corroborated by little or no market data. Fair Value of Financial Instruments The Company used the following market assumptions and/or estimation methods: • Cash and cash equivalents, restricted cash reserves, accounts payable and other liabilities — The carrying amounts reported in the consolidated balance sheets for these financial instruments approximate fair value because of their short term maturities. • Debt — The Senior Notes had an estimated fair value of approximately $485.9 million and $484.2 million at June 30, 2021 and December 31, 2020, respectively. The Company estimated the fair value of the Senior Notes by using publicly available trading prices, which are Level 2 inputs in the fair value hierarchy. The mortgage loans had an estimated fair value of approximately $119.4 million and $204.7 million at June 30, 2021 and December 31, 2020, respectively. The Company estimated the fair value of the mortgage loans by using a discounted cash flow model and incorporating various inputs and assumptions for the effective borrowing rates for debt with similar terms and the loan to estimated fair value of the collateral, which are Level 3 inputs in the fair value hierarchy. The total estimated fair value of the Company's debt was $605.3 million and $688.9 million at June 30, 2021 and December 31, 2020, respectively. The total carrying value of the Company's debt was $616.5 million and $705.9 million at June 30, 2021 and December 31, 2020, respectively. • Related Party Debt — The Company's related party mortgage loan with RLJ LP had an estimated fair value of approximately $84.4 million and $84.0 million at June 30, 2021 and December 31, 2020, respectively. The Company estimated the fair value of the mortgage loan by using a discounted cash flow model and incorporating various inputs and assumptions for the effective borrowing rates for debt with similar terms and the loan to estimated fair value of the collateral, which are Level 3 inputs in the fair value hierarchy. The total carrying value of the Company's related party debt was $85.0 million at both June 30, 2021 and December 31, 2020.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Leases - Lessors As a lessor, the Company will receive lease revenue from the Lessees under its lease contracts. The lease contracts contain a specific base rent amount and a percentage rent amount, which is dependent upon the hotel properties reaching certain revenue thresholds and, if earned, is calculated based on a percentage of room revenues, food and beverage revenues, and other revenues at the hotel properties. For one hotel, the lease contract expires in July 2021. Subsequent to June 30, 2021, the Lessee exercised its renewal option, effective July 2021, for a two-year term expiring in July 2023. The remaining lease contracts expire in 2022 (24 hotels) and thereafter (one hotel). The Company had a receivable due from the Lessees of $40.7 million as of June 30, 2021, which is included in related party rent receivable on the consolidated balance sheet. The Company owed the Lessees $0.5 million for reimbursement of rent as of December 31, 2020, which is included in related party rent payable on the consolidated balance sheet. As a result of the COVID-19 pandemic, two of the Lessees negotiated for and were granted abatements on base rent totaling $2.8 million for the three months ended March 31, 2021, and abatements on base rent totaling $2.8 million for the three months ended June 30, 2021. The Lessees have received total abatements on base rent of $5.6 million during the six months ended June 30, 2021. The Company recognized the rent abatements as negative variable lease revenue of $2.8 million and $5.6 million during the three and six months ended June 30, 2021, respectively. All of the Lessees negotiated for and were granted abatements on base rent totaling $17.5 million for the three months ended June 30, 2020. The Company recognized the rent abatements as negative variable lease revenue of $17.5 million during the three months ended June 30, 2020. Additionally, during the three months ended June 30, 2020, the Company recorded a reversal of revenue related to percentage rent recorded during the three months ended March 31, 2020 as estimated percentage rent due was revised pursuant to updated percentage rent calculations for the full year ended December 31, 2020. The lease revenue recognized during the three and six months ended June 30, 2021 and 2020 consisted of the following (in thousands): For the three months ended June 30, For the six months ended June 30, 2021 2020 2021 2020 Lease revenue relating to lease payments (1) $ 15,240 $ 364 $ 30,480 $ 18,203 Lease revenue relating to percentage rent lease payments 7,867 (5,546) 10,566 2,233 Total related party lease revenue $ 23,107 $ (5,182) $ 41,046 $ 20,436 (1) Reflects the impact of base rent abatements of $2.8 million and $5.6 million for the three and six months ended June 30, 2021, respectively, and $17.5 million for the three and six months ended June 30, 2020. The future lease payments to the Company under the noncancelable operating leases were as follows (in thousands): June 30, 2021 2021 $ 33,360 2022 51,750 2023 — 2024 — 2025 — Thereafter — Total $ 85,110 Advance to Lessee - Related Party The Company's consolidated joint venture has provided advances to its Lessee as a result of the impact of the COVID-19 pandemic on the Lessee's operations. The total advance of $4.9 million and $2.7 million as of June 30, 2021 and December 31, 2020, respectively, is included in advance to Lessee - related party in the accompanying consolidated balance sheets. Restricted Cash Reserves The Company is obligated to maintain cash reserve funds for future capital expenditures at the hotels (including the periodic replacement or refurbishment of furniture, fixtures and equipment ("FF&E")) as determined pursuant to the management agreements, franchise agreements and/or mortgage loan documents. The management agreements, franchise agreements and/or mortgage loan documents require the Company to reserve cash ranging typically from 4.0% to 5.0% of the individual hotel’s revenues. Any unexpended amounts will remain the property of the Company upon termination of the management agreements, franchise agreements or mortgage loan documents. As of June 30, 2021 and December 31, 2020, approximately $8.3 million and $3.9 million, respectively, was available in the restricted cash reserves for future capital expenditures, real estate taxes and insurance. The restricted cash reserves at June 30, 2021 of $8.3 million also include $3.4 million held by lenders due to cash trap events. Litigation Neither the Company nor any of its subsidiaries is currently involved in any regulatory or legal proceedings that management believes will have a material and adverse effect on the Company's financial position, results of operations or cash flows.

Equity

Equity	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Equity	Equity Rangers Ownership Interests/FelCor LP Partnership Interests As of June 30, 2021, RLJ LP owned 100% of the ownership interests and was the sole managing member of Rangers. In addition, Rangers owned, through indirect interests, 99.0% of the partnership interests in FelCor LP. Rangers consolidates FelCor LP for financial reporting purposes as a result of its controlling financial interest. Rangers General Partner, LLC's 1.0% partnership interest in FelCor LP is recognized as a noncontrolling interest in FelCor LP on the consolidated balance sheets of Rangers. Noncontrolling Interest in Consolidated Joint Ventures The Company consolidates the joint venture that owns The Knickerbocker, which has a third-party partner that owns a noncontrolling 5% ownership interest in the joint venture. The third-party ownership interest is included in the noncontrolling interest in consolidated joint ventures on the consolidated balance sheets.

Supplemental Information to Sta

Supplemental Information to Statements of Cash Flows	6 Months Ended
	Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Supplemental Information to Statements of Cash Flows	Supplemental Information to the Statements of Cash Flows The following supplemental information to the Statements of Cash Flows is for both Rangers and FelCor LP (in thousands): For the six months ended June 30, 2021 2020 Reconciliation of cash, cash equivalents, and restricted cash reserves Cash and cash equivalents $ 56,587 $ 65,570 Restricted cash reserves 8,327 6,291 Cash, cash equivalents, and restricted cash reserves $ 64,914 $ 71,861 Interest paid $ 17,790 $ 18,401 Interest paid to a related party $ 1,341 $ 1,783 Income taxes refunded $ (2) $ (39) Operating cash flow lease payments for operating leases $ 2,647 $ 2,985 Supplemental investing and financing transactions In conjunction with the sale of hotel properties, the Company recorded the following: Transaction costs $ — $ (42) Proceeds from the sale of hotel properties, net $ — $ (42) Supplemental non-cash transactions Accrued capital expenditures $ 3,812 $ 3,409

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The unaudited consolidated financial statements and related notes have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP") and in conformity with the rules and regulations of the Securities and Exchange Commission ("SEC") applicable to financial information. The unaudited financial statements include all adjustments that are necessary, in the opinion of management, to fairly state the consolidated balance sheets, statements of operations and comprehensive loss, statements of changes in equity (partners' capital) and statements of cash flows. The unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto as of and for the year ended December 31, 2020, included in the combined Annual Report on Form 10-K of Rangers and FelCor LP filed with the SEC on February 26, 2021. The consolidated financial statements include the accounts of Rangers, FelCor LP and its wholly-owned subsidiaries, and joint ventures in which the Company has a majority voting interest and control. For the controlled subsidiaries that are not wholly-owned, the third-party ownership interest represents a noncontrolling interest, which is presented separately in the consolidated financial statements. The Company also records the real estate interests in two joint ventures in which it holds an indirect 50% interest using the equity method of accounting. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Given the additional and unforeseen effects from the COVID-19 pandemic, these estimates have become more challenging, and actual results could differ from those estimates.
Lessor, Leases	Leases On April 10, 2020, the Financial Accounting Standards Board (the "FASB") issued a Staff Q&A to respond to frequently asked questions about accounting for lease concessions related to the effects of the COVID-19 pandemic. Consequently, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance to those contracts. Entities may make the elections for any lessor-provided concessions related to the effects of the COVID-19 pandemic (e.g., deferrals of lease payments, cash payments made to the lessee, reduced future lease payments) as long as the concession does not result in a substantial increase in the rights of the lessor or the obligations of the lessee. As a result of the impact of the COVID-19 pandemic on the Lessees, the Company made the determination to abate base rent totaling $2.8 million for two of its Lessees for the three months ended March 31, 2021, and to abate base rent totaling $2.8 million for these Lessees for the three months ended June 30, 2021. The Lessees have received total abatements on base rent of $5.6 million during the six months ended June 30, 2021. All of the Lessees negotiated for and were granted abatements on base rent totaling $17.5 million for the three months ended June 30, 2020. The Company did not abate base rent for any of the Lessees for the three months ended March 31, 2020. The Company has elected to not evaluate whether these rent abatements are lease modifications. The Company has elected to not apply the lease modification guidance to the rent abatements, and, as such, the Company has recognized the rent abatements as negative variable lease revenue of $2.8 million during the three months ended March 31, 2021, $2.8 million during the three months ended June 30, 2021, and $17.5 million during the three months ended June 30, 2020. The Company will continue to evaluate the impact of lease concessions and/or abatements and the appropriate accounting.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In December 2019, the FASB issued Accounting Standards Update ("ASU") 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The guidance enhances and simplifies various aspects of the current income tax guidance and reduces complexity by removing certain exceptions to the general framework. The Company adopted this new standard on January 1, 2021. The adoption of this standard did not have a material impact on the Company's consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.

Investment in Hotel Properties

Investment in Hotel Properties (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of investment in hotel properties	Investment in hotel properties consisted of the following (in thousands): June 30, 2021 December 31, 2020 Land and improvements $ 501,591 $ 501,448 Buildings and improvements 1,491,971 1,481,983 Furniture, fixtures and equipment 149,372 143,546 2,142,934 2,126,977 Accumulated depreciation (263,631) (225,333) Investment in hotel properties, net $ 1,879,303 $ 1,901,644

Investment in Unconsolidated _2

Investment in Unconsolidated Entities (Tables)	6 Months Ended
	Jun. 30, 2021
Investment in Unconsolidated Entities [Abstract]
Schedule of Components of Investment In Unconsolidated Entities	The following table summarizes the components of the Company's investments in unconsolidated joint ventures (in thousands): June 30, 2021 December 31, 2020 Equity basis of the joint venture investments $ (6,283) $ (6,687) Cost of the joint venture investments in excess of the joint venture book value 13,174 13,485 Investment in unconsolidated joint ventures $ 6,891 $ 6,798
Schedule of Components of Equity In Income (Loss) from Unconsolidated Entities	The following table summarizes the components of the Company's equity in income (loss) from unconsolidated joint ventures (in thousands): For the three months ended June 30, For the six months ended June 30, 2021 2020 2021 2020 Operating income (loss) $ 215 $ (678) $ 73 $ 151 Depreciation of cost in excess of book value (155) (280) (311) (560) Equity in income (loss) from unconsolidated joint ventures $ 60 $ (958) $ (238) $ (409)

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	The Company's debt consisted of the following (in thousands): Outstanding Borrowings at Number of Assets Encumbered Interest Rate Maturity Date June 30, 2021 December 31, 2020 Senior Notes (1)(2)(3) — 6.00% June 2025 $ 493,397 $ 495,759 Mortgage loan (4) 3 — October 2022 — 86,775 Mortgage loan (5) 1 4.94% October 2022 27,606 27,972 Mortgage loan (1)(6) 3 1.70% April 2024 (7) 96,000 96,000 7 617,003 706,506 Deferred financing costs, net (546) (643) Debt, net $ 616,457 $ 705,863 (1) Requires payments of interest only through maturity. (2) The Senior Notes (as defined below) include $18.5 million and $20.9 million at June 30, 2021 and December 31, 2020, respectively, related to fair value adjustments that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. (3) The Company has the option to redeem the Senior Notes at a price of 102.0% of face value. (4) Includes $0.9 million at December 31, 2020 related to fair value adjustments on the mortgage loan that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. In June 2021, the Company paid off the mortgage loan in full and paid approximately $4.3 million in termination costs. (5) Includes $0.2 million and $0.3 million at June 30, 2021 and December 31, 2020, respectively, related to a fair value adjustment on the mortgage loan that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. In July 2021, the Company paid off the mortgage loan in full and paid approximately $1.3 million in termination costs. (6) The hotels encumbered by the mortgage loan are cross-collateralized. (7) The mortgage loan provides two one year extension options.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating Lease, Lease Income	The lease revenue recognized during the three and six months ended June 30, 2021 and 2020 consisted of the following (in thousands): For the three months ended June 30, For the six months ended June 30, 2021 2020 2021 2020 Lease revenue relating to lease payments (1) $ 15,240 $ 364 $ 30,480 $ 18,203 Lease revenue relating to percentage rent lease payments 7,867 (5,546) 10,566 2,233 Total related party lease revenue $ 23,107 $ (5,182) $ 41,046 $ 20,436
Schedule of Future Minimum Rental Payments for Operating Leases	The future lease payments to the Company under the noncancelable operating leases were as follows (in thousands): June 30, 2021 2021 $ 33,360 2022 51,750 2023 — 2024 — 2025 — Thereafter — Total $ 85,110

Supplemental Information to S_2

Supplemental Information to Statements of Cash Flows (Tables)	6 Months Ended
	Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Information to Statements of Cash Flows	The following supplemental information to the Statements of Cash Flows is for both Rangers and FelCor LP (in thousands): For the six months ended June 30, 2021 2020 Reconciliation of cash, cash equivalents, and restricted cash reserves Cash and cash equivalents $ 56,587 $ 65,570 Restricted cash reserves 8,327 6,291 Cash, cash equivalents, and restricted cash reserves $ 64,914 $ 71,861 Interest paid $ 17,790 $ 18,401 Interest paid to a related party $ 1,341 $ 1,783 Income taxes refunded $ (2) $ (39) Operating cash flow lease payments for operating leases $ 2,647 $ 2,985 Supplemental investing and financing transactions In conjunction with the sale of hotel properties, the Company recorded the following: Transaction costs $ — $ (42) Proceeds from the sale of hotel properties, net $ — $ (42) Supplemental non-cash transactions Accrued capital expenditures $ 3,812 $ 3,409

Organization Real Estate Proper

Organization Real Estate Properties (Details) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)propertystateroomhotel	Jun. 30, 2020USD ($)	Dec. 31, 2020property
Real Estate Properties [Line Items]
Number of real estate properties			28
Number of hotel rooms owned | room			8,100
Number of states in which hotels owned by the entity are located | state			13
Equity method investment, ownership percentage			50.00%
Real estate properties, number of properties with operations suspended | hotel			1
Rent abatement | $	$ 2.8	$ 17.5	$ 5.6	$ 17.5
Wholly Owned Properties
Real Estate Properties [Line Items]
Number of real estate properties			25
Hotel property ownership interest (as a percent)			100.00%
Consolidated Properties
Real Estate Properties [Line Items]
Number of real estate properties			26
Number of leased real estate properties			27
Unconsolidated Properties
Real Estate Properties [Line Items]
Number of real estate properties			2		2
Equity method investment, ownership percentage			50.00%		50.00%
95% owned | Partially Owned Properties
Real Estate Properties [Line Items]
Hotel property ownership interest (as a percent)			95.00%
50% owned | Partially Owned Properties
Real Estate Properties [Line Items]
Number of real estate properties			2
Hotel property ownership interest (as a percent)			50.00%
Rangers Sub I, LLC
Real Estate Properties [Line Items]
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest			99.00%
Rangers General Partner, LLC
Real Estate Properties [Line Items]
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest			1.00%

Organization Limited Liability

Organization Limited Liability Companies (LLCs) and Limited Partnerships (LPs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Real Estate Properties [Line Items]
Contributions	$ 130,741	$ 79,376	$ 146,790	$ 104,017

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	Jun. 30, 2021joint_venture
Accounting Policies [Abstract]
Real estate interests, number of joint ventures	2
Equity method investment, ownership percentage	50.00%

Investment in Hotel Propertie_2

Investment in Hotel Properties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Land and improvements	$ 501,591		$ 501,591		$ 501,448
Buildings and improvements	1,491,971		1,491,971		1,481,983
Furniture, fixtures and equipment	149,372		149,372		143,546
Total	2,142,934		2,142,934		2,126,977
Accumulated depreciation	(263,631)		(263,631)		(225,333)
Investment in hotel properties, net	1,879,303		1,879,303		$ 1,901,644
Real estate depreciation expense, excluding discontinued operations expense	$ 19,300	$ 18,600	$ 38,300	$ 37,000

Investment in Unconsolidated _3

Investment in Unconsolidated Entities - Narrative (Details) - property	Jun. 30, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%
Number of real estate properties	28
Unconsolidated Properties
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%	50.00%
Number of real estate properties	2	2

Investment in Unconsolidated _4

Investment in Unconsolidated Entities - Schedule of Components of Investment In Unconsolidated Entities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 6,891	$ 6,798
Equity basis of the joint venture investments
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	(6,283)	(6,687)
Cost of the joint venture investments in excess of the joint venture book value
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 13,174	$ 13,485

Investment in Unconsolidated _5

Investment in Unconsolidated Entities - Schedule of Components of Equity In Income (Loss) from Unconsolidated Entities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of Equity Method Investments [Line Items]
Equity in income (loss) from unconsolidated joint ventures	$ 60	$ (958)	$ (238)	$ (409)
Operating income (loss)
Schedule of Equity Method Investments [Line Items]
Equity in income (loss) from unconsolidated joint ventures	215	(678)	73	151
Depreciation of cost in excess of book value
Schedule of Equity Method Investments [Line Items]
Equity in income (loss) from unconsolidated joint ventures	$ (155)	$ (280)	$ (311)	$ (560)

Debt (Details)

Debt (Details) $ in Thousands	1 Months Ended			3 Months Ended		6 Months Ended
	Jul. 31, 2021USD ($)	Jun. 30, 2021USD ($)asset	Apr. 30, 2019increment	Jun. 30, 2021USD ($)asset	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)asset	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Debt
Number of Assets Encumbered | asset		7		7		7
Long-term debt, gross		$ 617,003		$ 617,003		$ 617,003		$ 706,506
Deferred financing costs, net		(546)		(546)		(546)		(643)
Debt, net		616,457		616,457		616,457		705,863
Interest expense				7,600	$ 7,800	15,200	$ 15,800
Lender
Debt
Restricted csh		3,400		3,400		3,400
Lender on Mortgage Loan
Debt
Restricted csh		$ 1,800		$ 1,800		$ 1,800
Senior Unsecured Notes
Debt
Debt Instrument, Redemption Price, Percentage				102.00%
Unsecured Debt | 6.00% Percent, Due June 2025
Debt
Number of Assets Encumbered | asset		0		0		0
Interest rate		6.00%		6.00%		6.00%
Long-term debt, gross		$ 493,397		$ 493,397		$ 493,397		495,759
Mortgage loans | 4.95 Percent, Due October 2022
Debt
Number of Assets Encumbered | asset		3		3		3
Interest rate		0.00%		0.00%		0.00%
Long-term debt, gross		$ 0		$ 0		$ 0		86,775
Debt termination costs		$ 4,300
Mortgage loans | 4.94 Percent, Due October 2022
Debt
Number of Assets Encumbered | asset		1		1		1
Interest rate		4.94%		4.94%		4.94%
Long-term debt, gross		$ 27,606		$ 27,606		$ 27,606		27,972
Mortgage loans | 4.94 Percent, Due October 2022 | Subsequent Event
Debt
Debt termination costs	$ 1,300
Mortgage loans | 2.59 Percent Due April 2024
Debt
Number of Assets Encumbered | asset		3		3		3
Interest rate		1.70%		1.70%		1.70%
Long-term debt, gross		$ 96,000		$ 96,000		$ 96,000		96,000
Secured Debt | 4.95 Percent, Due October 2022
Debt
Debt Instrument, Fair Value Adjustment, Net								900
Secured Debt | 4.94 Percent, Due October 2022
Debt
Debt Instrument, Fair Value Adjustment, Net		200		200		200		300
Secured Debt | LIBOR Plus 1.60%
Debt
Debt Instrument, Number of Additional Maturity Terms | increment			2
Debt Instrument, Additional Maturity Term			1 year
Senior Unsecured Notes | Unsecured Debt
Debt
Debt Instrument, Fair Value Adjustment, Net		$ 18,500		$ 18,500		$ 18,500		$ 20,900

Related Party Debt (Details)

Related Party Debt (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Nov. 30, 2018	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Related party debt		$ 85,000		$ 85,000		$ 85,000
Related party interest expense		700	$ 700	1,300	$ 1,700
LIBOR Plus 3.00 Percent, Due November 2023
Related Party Transaction [Line Items]
Related party debt	$ 85,000
LIBOR | LIBOR Plus 3.00 Percent, Due November 2023
Related Party Transaction [Line Items]
Description of variable rate basis	LIBOR
Basis spread	3.00%
FelCor Lodging LP
Related Party Transaction [Line Items]
Related party debt		85,000		85,000		$ 85,000
Related party interest expense		$ 666	$ 746	$ 1,330	$ 1,713

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term debt, carrying value	$ 616,457	$ 705,863
Related Party Debt	85,000	85,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term debt fair value	605,300	688,900
Related Party Debt, Fair Value	84,400	84,000
Senior notes | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term debt fair value	485,900	484,200
Mortgage loans | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term debt fair value	$ 119,400	$ 204,700

Commitments and Contingencies F

Commitments and Contingencies Future Lease Payments To the Company Under Noncancelable Operating Leases (Lessor) (Details) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2021USD ($)hotel	Mar. 31, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)hotel	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Loss Contingencies [Line Items]
Number of TRS Leases Expiring in 2021 | hotel	1			1
Number of TRS Leases Expiring in 2022 | hotel	24			24
Number of TRS Leases expiring Thereafter | hotel	1			1
Rent reimbursement						$ 500
Rent abatement		$ 2,800	$ 17,500	$ 5,600	$ 17,500
Lease revenue relating to lease payments	$ 15,240		364	30,480	18,203
Lease revenue relating to percentage rent lease payments	7,867		(5,546)	10,566	2,233
Total related party lease revenue	23,107		(5,182)	41,046	20,436
2020	33,360			33,360
2021	51,750			51,750
2022	0			0
2023	0			0
2024	0			0
Thereafter	0			0
Total	85,110			85,110
Advance to Lessee - related party	4,859			4,859		2,709
Related party rent receivable	40,683			40,683		0
Rangers Sub I, LLC
Loss Contingencies [Line Items]
Total related party lease revenue	23,107		$ (5,182)	41,046	$ 20,436
Advance to Lessee - related party	4,900			4,900		$ 2,700
Related party rent receivable	$ 40,700			$ 40,700

Commitments and Contingencies -

Commitments and Contingencies - Restricted Cash Reserves (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Minimum restricted cash reserve escrows to be maintained as a percentage of the hotel's revenue	4.00%
Maximum restricted cash reserve escrows to be maintained as percentage of hotel's revenue	5.00%
Restricted cash reserves for future capital expenditures, real estate taxes and insurance	$ 8,327	$ 3,882
Lender
Loss Contingencies [Line Items]
Restricted csh	$ 3,400

Equity (Details)

Equity (Details)	6 Months Ended
	Jun. 30, 2021
RLJ Lodging Trust Limited Partnership | General Partner
Equity, Class of Treasury Stock
Company's ownership interest in OP units through a combination of direct and indirect interests (as a percent)	100.00%
Rangers Sub I, LLC | Limited Partners
Equity, Class of Treasury Stock
Company's ownership interest in OP units through a combination of direct and indirect interests (as a percent)	99.00%
Rangers General Partner, LLC | General Partner
Equity, Class of Treasury Stock
Company's ownership interest in OP units through a combination of direct and indirect interests (as a percent)	1.00%

Equity Noncontrolling Interest

Equity Noncontrolling Interest (Details)	Jun. 30, 2021
The Knickerbocker New York
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners	5.00%

Supplemental Information to S_3

Supplemental Information to Statements of Cash Flows - Schedule of Supplemental Information to Statements of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Supplemental Cash Flows [Line Items]
Cash and cash equivalents	$ 56,587		$ 61,766
Restricted cash reserves	8,327		3,882
Cash, cash equivalents, and restricted cash reserves	64,914	$ 71,861	$ 65,648	$ 23,719
Transaction costs	0	(42)
Proceeds from the sale of hotel properties, net	0	(42)
Rangers Sub I, LLC
Supplemental Cash Flows [Line Items]
Cash and cash equivalents		65,570
Restricted cash reserves		6,291
Cash, cash equivalents, and restricted cash reserves	64,914	71,861
Interest paid	17,790	18,401
Interest paid to a related party	1,341	1,783
Income taxes refunded	(2)	(39)
Operating cash flow lease payments for operating leases	2,647	2,985
Accrued capital expenditures	$ 3,812	$ 3,409