RLJ Lodging Trust (RLJ) 2017年年度报告「NYSE」.pdf

1、RLJ 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 geographically diverse and primarily concentrated in major urban markets that provide multiple demand generators

2、from business,leisure and other travelers.URBAN MARKETS(NUMBER OF HOTELS)157 PROPERTIES30,800 ROOMS26STATESLODGING SEGMENTS (PERCENT OF HOTEL ROOMS)Note:Information displayed as of December 31,2017.SERVICE LEVEL42%MARRIOTTBRAND37%HILTON8%WYNDHAM8%HYATT5%OTHER48%FOCUSED-SERVICE45%COMPACT FULL-SERVICE

3、7%FULL-SERVICE Courtyard Chicago Downtown Magnificent MileSpringHill Suites Austin South Hyatt Place Madison DowntownHyatt House Emeryville San Francisco Bay AreaTO OUR SHAREHOLDERS,Since our formation,we have remained committed to our proven investment strategy of owning high-quality,premium-brande

4、d hotels that generate high margins and are located in attractive markets with multiple demand generators.Our investment thesis is focused on a highly efficient,room revenue oriented operating model which drives robust margins,delivers significant free cash flows throughout the cycle,and generates a

5、ttractive returns on invested capital.We have demonstrated our commitment to this proven investment strategy through our active portfolio management.In 2017,our transformative merger with FelCor Lodging Trust(“FelCor”)was a continuation of our disciplined investment thesis.Through this merger,we sol

6、idified our position as one of the most prominent lodging REITs dedicated to owning hotels in what we view as the most attractive segment of the industry.The addition of FelCors high-quality hotels further strengthened our market,brand and business mix diversification.We extended our reach into five