RLJ Lodging Trust

RLJ Lodging Trust (NYSE: RLJ) operates as a self-advised and self-administered real estate investment trust focused on acquiring and owning premium-branded, rooms-oriented hotels positioned in high-demand markets across the United States. The company's website is www.rljlodgingtrust.com.

As of December 31, 2025, RLJ Lodging Trust owns 93 hotel properties comprising approximately 20,800 rooms located across 23 states and the District of Columbia, making it one of the largest publicly-traded lodging REITs by both number of hotels and room count. The company maintains a concentrated portfolio with significant exposure to key metropolitan markets including Northern California, Southern California, South Florida, Chicago, and Houston.

The company's hotel portfolio operates predominantly under premium brands, with approximately 89.3 percent affiliated with Marriott, Hilton, or Hyatt. The brand breakdown includes 35 Marriott-branded properties, 36 Hilton-branded properties, 12 Hyatt-branded properties, 4 Wyndham properties, and 6 properties under other brand affiliations or operating independently. The portfolio emphasizes focused-service and compact full-service hotel segments, which the company believes generate higher returns through efficient operating models and strong revenue per available room metrics.

RLJ Lodging Trust operates through an umbrella partnership REIT structure, with substantially all assets and operations conducted through its Operating Partnership. The company employs 75 people and engages independent third-party managers to operate its hotel properties, with Aimbridge Hospitality and Hilton managing the majority of the portfolio. The company retains approval rights over key staffing positions and maintains a dedicated asset management team that works closely with operators on revenue management, market positioning, cost structure, and capital planning.

The company's business strategy centers on acquiring premium-branded hotels at prices below replacement cost where attractive returns can be generated, pursuing disciplined capital recycling through opportunistic property sales, and maintaining a flexible balance sheet to support growth initiatives. RLJ Lodging Trust qualifies as a REIT for federal income tax purposes and is required to distribute at least 90 percent of taxable income annually to shareholders.