1、2021 ANNUAL REPORTUrban Markets (Number of Hotels)RLJ 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 ge
2、ographically diverse and concentrated in major urban markets that provide multiple demand generators from business,leisure and other travelers.Lodging Segments (%of Hotel Rooms)Note:As of March 2022SERVICE LEVEL53%COMPACT FULL-SERVICE44%FOCUSED-SERVICE3%FULL-SERVICE40%HILTON37%MARRIOTT14%OTHER9%HYAT
3、TBRAND21.5KROOMS97 HOTELS22 STATESTOP AND BOTTOM:MOXY DENVER CHERRY CREEK,DENVER,COMIDDLE:AC HOTEL BOSTON DOWNTOWN,BOSTON,MACover imagesMOXY DENVER CHERRY CREEK,DENVER,COTo our shareholders,We enter 2022 encouraged by the acceleration in lodging demand that emerged throughout 2021 and exceeded our e
4、xpectations.Against this improving backdrop,we were very active and successfully executed on a number of our strategic objectives.Most notably,we accretively match-funded three high-quality acquisitions with proceeds from non-core dispositions,advanced on our internal growth catalysts,which we expec
5、t to unlock$23 to$28 million of incremental EBITDA,and refinanced over$1 billion of debt to further strengthen our balance sheet.We were able to successfully execute on all of these initiatives due to the unwavering commitment of the entire RLJ team and continued support of all of our partners.As we
6、 look beyond 2021,RLJ remains well positioned to benefit from the continuation of the industrys recovery and drive outsized performance this entire cycle.RECOVERY ACCELERATING The recovery of lodging fundamentals in 2021 was driven by a significant increase in vaccination rates and the easing of res