1、2015 ANNUAL REPORTCOVER:HYATT HOUSE CHARLOTTE/CENTER CITY,CHARLOTTE,NORTH CAROLINAPHOTO BELOW:HYATT PLACE DC/DOWNTOWN/K STREET,WASHINGTON,DCURBAN MARKETS(NUMBER OF HOTELS)LODGING SEGMENTS (PERCENT OF HOTEL ROOMS)RLJ Lodging Trust(“RLJ”)is a self-advised,publicly traded real estate investment trust f
2、ocused on acquiring premium-branded,focused service and compact full-service hotels.Our hotels are geographically diverse and primarily concentrated in major urban markets that provide multiple demand generators from business,leisure and other travelers.73%FOCUSED-SERVICE24%COMPACT FULL-SERVICE3%FUL
3、L-SERVICE SERVICE LEVEL56%MARRIOTT30%HILTON12%HYATT2%OTHERBRANDTO OUR SHAREHOLDERS,We are pleased to have completed our fifth year as a public company and to report another year of solid operating results.The cumulative results we have achieved since our IPO in 2011 demonstrate our fundamental commi
4、tment to our guiding principles of achieving operational excellence,being prudent capital allocators,and proactively managing our balance sheet.Over the past five years we have focused on enhancing our portfolio,having completed more than$1.3 billion in acquisitions and approximately$400 million in
5、dispositions.Through these accretive transactions,we have built a highly diversified,institutional quality portfolio that is well positioned to continue to drive strong growth through varying economic cycles.The composition of our portfolio,along with our unwavering focus on operational excellence,h
6、as allowed us to increase our RevPAR by 58%,expand our EBITDA margins by over 400 basis points,and more than double our EBITDA since our IPO.During this time,we also have distributed approximately$530 million in dividends.Including dividends and share repurchases,we have returned over$750 million in