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Rangers Sub I, LLC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2021 10-Q, filed Aug 6, 2021. Its latest SEC filing is a 15-15D from Sep 28, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Owns hotel properties and leases them to hotel-operating subsidiaries; its portfolio consists largely of premium-branded, compact full-service hotels.

How Did They Make Money?

Hotel operators pay rent under leases: either a base amount or a percentage of room, food and beverage, and other hotel revenue.

revenue

Who Were Their Customers?

RLJ's property-operating subsidiaries lease the hotels; guests are mostly individual business and leisure travelers, and the company also describes group and extended-stay customers.

Did Revenues Turn Into Profits?

No. It lost $18.1M in .

Operating income,
−35% of revenue
▲ +58% (Loss) vs (−$15.5M, −13%)
Net income,
−26% of revenue
▼ Now a loss vs ($4.5M, 4%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q2 FY2021, the three months to Jun 30, 2021
Net income
▼ −60% (Loss)
vs −$43.2M in Q2 FY2020

Shrank. Revenue fell 40% in 1 year, from $117.1M in to $70.2M in , about 40% a year.

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