1、2019 ANNUAL REPORT2019 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 tha
2、t provide multiple demand generators from business,leisure and other travelers.Note:Information displayed as of December 31,2019.23 STATES103 PROPERTIES22,577 ROOMSURBAN MARKETS(NUMBER OF HOTELS)FRONT COVER:Embassy Suites Mandalay BeachOxnard,CALODGING SEGMENTS (%OF HOTEL ROOMS)OTHER BRANDMARRIOTT H
3、ILTON HYATT 9%13%37%41%FOCUSED-SERVICE SERVICE LEVELCOMPACT FULL-SERVICE FULL-SERVICE55%3%42%By all measures,2019 was another transformational year for RLJ.During the year,we executed on the thoughtful plan we had laid out to reshape our portfolio,enhance our operating metrics,and improve our growth
4、 profile,all while strengthening our balance sheet and returning capital to our shareholders.We successfully achieved all of our key priorities for the year.In fact,we exceeded our 2019 expectations and completed them ahead of schedule.Strategically,we successfully executed our disposition strategy
5、and exceeded our target for the year.In total,we sold 47 hotels in five separate transactions for over$720 million including 45 legacy RLJ hotels and two non-core FelCor hotels.Operationally,we demonstrated the strength and quality of our reshaped portfolio by achieving 0.7%RevPAR growth,which outpe
6、rformed the Urban and Top-25 markets.We ended 2019 with an absolute RevPAR of$145 which was 8%higher than the$134 that we reported in 2018 and at the same time maintained an attractive margin of 31.8%.TO OUR SHAREHOLDERSLESLIE D.HALE President and Chief Executive Officer RLJ Lodging Trust 2019 Annua