RLJ Lodging Trust (NYSE:RLJ) Q3 2023 Earnings Call Transcript

Sean Mahoney : Sure, Anthony. It’s one maturity next year. It’s a CMBS loan that matures in the second quarter. We’re confident that we’ll be able to take care of that just for some numbers. That loan has over 14 debt yield and close to 2.5x coverage. So it is a very financeable loan in this environment because it’s a very low LTV. And so you would expect us to have multiple options with which to refinance it, and it’s something that we’re going to take care of early next year.

Operator: Thank you. Ms. Hale, we have no further questions at this time. I would now like to turn the floor back over to you for closing comments.

Leslie Hale : All right. Thank you, everybody, for joining us. We do look forward to seeing many of you at NAREIT. We do hope that you will join us at our tour in Santa Monica to see the peer side. We think that it’s going to be representative of the value that we’re creating within our portfolio. Good afternoon.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. You may disconnect your lines at this time. Thank you for your participation, and have a wonderful day.