1、ANNUAL REPORT 2022RLJ LODGING TRUST(“RLJ”)is a self-advised,publicly traded real estate investment trust that owns premium-branded,rooms-oriented,high-margin,focused-service and compact full-service hotels located within the heart of demand locations.Our hotels are geographically diverse and concent
2、rated in major urban markets that provide multiple demand generators from business,leisure and other travelers.URBAN MARKETS(Number of Hotels)21.2KRooms96Hotels23StatesHIGH QUALITY PORTFOLIO(by%of Total Rooms)Note:As of March 202312%Resort35%Urban Gateway15%Urban Metro38%Urban LifestyleSEGMENTBRAND4
3、1%Hilton36%Marriott2%Independent9%Hyatt12%Other2022 ANNUAL REPORTRLJ LODGING TRUST1Dear Fellow Shareholder,Throughout 2022,the Lodging industry benefitted from the strengthening of fundamentals,which was evident in im-proving trends across all segments of demand such as leisure,corporate,group and i
4、nternational travel,demonstrating the resiliency of our industry.We were especially pleased to see these positive trends accelerate in urban markets,which represent two-thirds of our portfolio.Against this improving backdrop,we successfully executed on each of our key priorities this past year.These
5、 included capturing strong operating performance driven by the accelerating recovery in urban markets,successfully launching our three transformative conversions,acquiring a high-quality hotel in Nashville,addressing all of our 2023 debt maturities while exiting COVID restrictions,and returning capi
6、tal to our shareholders through an increased dividend and disciplined share repurchases.Execution of these priorities has positioned us to drive strong growth in 2023 and beyond and underscores our ability to leverage the optionality our strong balance sheet provides.PORTFOLIO POSITIONED FOR GROWTHO