1、2014 Annual ReportRLJ Lodging Trust(“RLJ”)is a self-advised,publicly traded real estate investment trust focused on acquiring premium-branded,focused-service and compact full-service hotels.Our hotels are geographic ally diverse and primarily concentrated in major urban markets that provide multiple
2、 demand generators from business,leisure and other travelers.Residence Inn Atlanta Midtown Georgia Tech,Atlanta,Georgia1RLJ Lodging Trust59%MarriottBrand28%Hilton10%Hyatt3%OtherHorizontal Scale:85%59%MarriottBrandService Level72%Focused-Service25%CompactFull-Service3%Full-ServiceLodging Segments(Per
3、cent of Hotel Rooms)*Urban Markets(Number of Hotels)*As of December 31,2014Operational ExcellenceFairfield Inn&Suites Key West,Key West,Florida3RLJ Lodging TrustTo Our Fellow ShareholdersWe are very pleased to report that in 2014 we executed several key strategic initiatives that led to another succ
4、essful year for RLJ Lodging Trust.We optimized our portfolio through aggressive asset recycling,val-ue-add renovations,and laser-focused asset management.We are proud that our portfolios enhancements,along with our proactive balance sheet management,fueled another year of robust growth.Operational E
5、xcellenceIn 2014,our portfolio generated Pro forma Revenue per Available Room(“RevPAR”)growth of 7.2%,which represents our fourth consecutive year of RevPAR growth of more than 7%.Additionally,our RevPAR index premium of 112%confirms that we were once again able to capture significant market share o
6、ver our competitive set.Over the last four years,our portfolios broad market diversification has been key to our strong growth.As we have added new assets to the portfolio,we have further diversified our portfolio outside of our top six markets and increased our exposure in other high-growth markets