RLJ Lodging Trust : Bank of America Global Real Estate Conference
September 16, 2020 at 09:10 am EDT
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Bank of America Global Real Estate Conference
September 2020
RLJ IS WELL-POSITIONED
RLJ has the liquidity and balance sheet strength to weather the COVID-19 crisis, relative advantage in a recovery and embedded catalysts to outperform long-term
Successful execution of our 2019 priorities improved our portfolio and strengthened our balance sheet
Proactively responded to COVID-19, initially suspending operations at 57 hotels and subsequently pivoting to reopening 90% of the portfolio
Reduced cash burn driven by hotel reopenings, better than expected revenues and effective cost containment
Transient-orientedportfolio, lean operating model and broad geographic diversification positions RLJ to outperform during recovery
Strong liquidity, well-laddered debt maturities and covenant flexibility
Embedded long-term growth catalysts such as Wyndham conversions, ROI projects and capital market opportunities remain intact
We remain confident that despite COVID-19's unprecedented impact on lodging, our balance
sheet allows us to navigate through this crisis and be well-positioned for a recovery
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BUSINESS UPDATE
HILTON CABANA MIAMI BEACH
HOTEL REOPENING UPDATE
RLJ has reopened most of our hotels, which have outperformed expectations
90% of RLJ's portfolio is open
93 of our 103 hotels are open
Reopened hotels include resort / beach locations, select-service or extended-stay, and / or located in Drive-to / leisure markets
Occupancy at open hotels remains stable
Open hotels continuing disciplined cost containment
Significantly reduced staffing
Elimination of non-essential amenities and services
RLJ will continue to evaluate additional hotel reopenings
Reopenings remain contingent upon overall demand trends and health mandates in local jurisdictions
RLJ will continue to take a highly disciplined approach to reopening and operating hotels
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RLJ Lodging Trust published this content on 16 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2020 13:09:04 UTC
RLJ Lodging Trust is a self-advised and self-administered real estate investment trust that owns primarily premium-branded, rooms-oriented, focused-service and compact full-service hotels. The Company's portfolio consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms. Its brand affiliations consist of Marriott, which includes Courtyard, Residence Inn, Marriott, Fairfield Inn & Suites, Renaissance, SpringHill Suites, AC Hotel, Moxy and Tribute Portfolio; Hilton, which includes Embassy Suites, Hilton Garden Inn, DoubleTree/DoubleTree Suites by Hilton, Hampton Inn/Hampton Inn & Suites, Curio Collection, Homewood Suites, Hilton and Tapestry Collection; Hyatt, which includes Hyatt House, Hyatt Place and Hyatt Centric, and Wyndham. The Company's hotel properties include Embassy Suites Milpitas Silicon Valley, Hyatt House San Ramon and Moxy Denver Cherry Creek.
RLJ LODGING TRUST 
