RLJ Lodging Trust (NYSE:RLJ) was established in 2000 and IPO in May 2011. Headquartered in Bethesda, Maryland, USA, with 56 full-time employees, it is an independent real estate investment trust (REIT), mainly investing in service Omnidirectional hotel.
RLJ Lodging Trust (RLJ):
RLJ Lodging Trust is a self-advised, listed real estate investment trust, focusing on the acquisition of high-quality brands, focusing on services and compact full-service hotels. RLJ Lodging Trust has 122 hotels with a total of approximately 20,100 rooms located in 21 US states and the District of Columbia.
RLJ Lodging Trust’s hotels have diverse geographical locations, mainly concentrated in urban areas and dense markets, providing a variety of needs for business, leisure and other travelers. At the same time, due to the high construction costs and the saturation of these markets, these areas have higher Barriers to entry.
RLJ Lodging Trust’s strategy is to invest in service-focused and compact full-service hotels, which usually get most of their income through room rentals, have limited dining and meeting space, and have fewer employees than large hotels.
RLJ Lodging Trust believes that, compared to larger full-service hotels, these high-end brands and service-focused hotels are likely to provide attractive risk-adjusted returns because they can obtain higher revenue per room while providing better Profit margins, efficient business models and less volatile cash flow.
RLJ Lodging Trust’s hotels operate well-known global brands, including Courtyard , Marriott , Hilton Garden , Hilton , Hyatt and Embassy Suites, and the company maintains strong relationships with these leading franchisees.
RLJ Lodging Trust was listed in May 2011 and inherited the hotel investment and ownership platform of RLJ Development and the other two residential private equity funds-RLJ Lodging Fund II, LP and RLJ Real Estate Fund III, LP. RLJ Development was co-founded by Robert L. Johnson, Executive Chairman of RLJ Lodging Trust and Thomas J. Baltimore, Jr.. During the past 15 years of operation, the company has accumulated a wealth of expertise in acquisition and asset management, focusing on Service and compact service hotel.
RLJ Lodging Trust’s experienced senior management team, composed of experienced professionals with extensive industry relations and asset management experience, will enable RLJ to continue to compete effectively and generate strong internal growth. In addition, the company enhances the value of this platform by maintaining openness and transparency in investor communications and following sound corporate governance practices.