Profile: RLJ Lodging Trust (RLJ.N)
4 May 2015
RLJ Lodging Trust, incorporated on January 31, 2011, is a self-advised and self-administered real estate investment trust (REIT) that acquires primarily premium-branded, focused-service and compact full-service hotels. As of September 30, 2014, the Company owned 150 properties, comprising 148 hotels with approximately 23,300 rooms and two planned hotel conversions, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel. The Company owns, through wholly-owned subsidiaries, 100% of the interests in all properties, with the exception of the DoubleTree Metropolitan Hotel-New York City, in which the Company, through wholly-owned subsidiaries, owns a 98.1% controlling interest in a joint venture, DBT Met Hotel Venture, LP, which was formed to engage in hotel operations related to the DoubleTree Metropolitan Hotel. An independent operator manages each property.
The Company’s hotels operate under premium brands, with approximately 96% of the hotels operating under existing relationships with Marriott, Hilton and Hyatt. As of December 31, 2013, the Company’s portfolio consisted of 104 Marriott Hotels, 31 Hilton Hotels and six Hyatt Hotels. Substantially all of the Company’s assets are held by, and all of its operations are conducted through, RLJ Lodging Trust, L.P. (the Operating Partnership). The Company is the sole general partner of the Operating Partnership. As of September 30, 2014, there were 132,918,296 units of limited partnership interest in the Operating Partnership (OP units) outstanding and the Company owned, through a combination of direct and indirect interests, 99.3% of the outstanding OP units.
RLJ Lodging Trust
3 Bethesda Metro Ctr Ste 1000
BETHESDA MD 20814-6347