1、2020 ANNUAL REPORTRLJ LODGING TRUST(“RLJ”)is a self-advised,publicly traded real estate investment trust that owns primarily premium-branded,high-margin,focused-service and compact full-service hotels.Our hotels are geographically diverse and concentrated in major urban markets that provide multiple
2、 demand generators from business,leisure and other travelers.URBAN MARKETS(NUMBER OF HOTELS)LODGING SEGMENTS(%OF HOTEL ROOMS)SERVICE LEVEL55%COMPACT FULL-SERVICE 3%FULL-SERVICE42%FOCUSED-SERVICE41%HILTON 36%MARRIOTT 14%OTHER 9%HYATT BRAND22K+ROOMS101 HOTELS23 STATESNOTE:AS OF MARCH 2021TO OUR SHAREH
3、OLDERSEmbassy Suites Tampa Downtown,Tampa,FLBy all measures,2020 was a year like no other.The far-reaching impact of the pandemic was felt across the lodging industry,the nation and the entire world.Like so many other industries,lodging demand evaporated.Given the severity of the pandemics impact,I
4、am proud of how well our team responded.Our priorities were focused on protecting our people,our guests and our liquidity.We were nimble and quickly pivoted to redirect all our efforts to preserving our platform and navigating the uncertainty of the pandemic.The tremendous response by our team to th
5、is crisis has allowed us to emerge in a relative position of strength.We are not only positioned to benefit early during the recovery,but are also poised to outperform throughout the entire lodging cycle as we advance our long-term growth opportunities.RLJ LODGING TRUST 2020 ANNUAL REPORT1$1B+IN LIQ
6、UIDITYEXPERIENCED LEADERSHIPTrack record of consistently and seamlessly executing on stated objectivesOUR COVID RESPONSEAt the onset of this crisis,we took several decisive steps operationally.Working with our operating partners,we implemented a number of aggressive cost containment initiatives incl