RLJ Lodging Trust (RLJ) 2013年年度报告「NYSE」.pdf

1、2013 Annual ReportPHOTO ABOVE:COURTYARD WAIKIKI BEACHCOVER:RENAISSANCE BOULDER FLATIRONRLJ 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

2、primarily concentrated in major urban areas that provide multiple demand generators from business,leisure and other travelers.ABOUT RLJ LODGING TRUSTRLJ achieved another year of strong growth as we continued to focus on our three key principles:operational excellence,pro-active balance sheet managem

3、ent,and prudent capital allocation.For the third consecutive year,our well-diversified port folio was once again one of the lead-ers in RevPAR growth.We strengthened our fortress balance sheet with our first follow-on equity offering and a com-prehen sive debt refinancing.Our solid balance sheet ena

4、bled us to deploy capital towards accretive opportunities that increased our presence in high-growth markets with significant barriers to entry.Finally,subsequent to year-end,we announced two large strategic trans-actions,the acquisition of a 10-hotel port folio from Hyatt for approximately$313.0 mi

5、llion and the completed sale of an 11-hotel portfolio for approximately$85.0 million.Both transactions will fur-ther enhance our portfolio and position us for growth in 2014 and beyond.TO OUR FELLOW SHAREHOLDERSURBAN MARKETS(Number of Hotels)*LODGING SEGMENTS(Percent of Rooms)*65%MarriottBRANDSERVIC

6、E LEVEL28%Hilton4%Hyatt3%Other74%Focused-Service23%CompactFull-Service3%Full-Service1*As of December 31,2013.CONSISTENTGROWTHOver the last three years,RLJ has shown consistent operational excellence.Our three consecutive years of high single-digit RevPAR expansion has been driven by accretive acquis