RLJ Lodging Trust Wins Sixth Renovation Award

  RLJ Lodging Trust Wins Sixth Renovation Award

Business Wire

BETHESDA, Md. -- September 4, 2013

RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that
InterContinental Hotels Group (“IHG”) selected the Company’s Hotel Indigo New
Orleans Garden District (“the Hotel”) as a winner of its 2013 Renovation
Award. This special award is only bestowed to hotels which merit special
recognition of successful completion of major modernization and renovation
programs.

“We are honored to be the recipient of IHG’s prestigious 2013 Renovation
Award,” said Thomas J. Baltimore, Jr., President and Chief Executive Officer.
“This is the sixth award that we have received in the last two years
recognizing RLJ’s strength in completing complex renovations. The Hotel’s
unique character combined with IHG’s growing brand recognition will continue
to drive strong growth for the hotel.”

The Hotel operated as an independent hotel until it was closed in 2008. The
Company purchased the distressed hotel in 2010 for $6.4 million. The Company’s
Senior Vice President of Design and Construction, Carl Mayfield, and his team
developed creative and innovative solutions to address various complex
historic, city, and brand requirements. After an extensive $16.9 million
renovation, the property reopened in December 2012 as a 132-room Hotel Indigo.
The Company expects that the Hotel’s conversion and positive market trends
will enable the Hotel to produce strong results as it continues to ramp up.

The reinvention of the Hotel includes a uniquely modern design that captures
New Orleans’ character. The Hotel’s oversized guestrooms and spacious
bathrooms are coupled with stylish public spaces designed to highlight New
Orleans’ Historic Garden District. The Hotel’s unique design includes locally
inspired murals, decorative ironwork, and reclaimed wood ceiling that resonate
with New Orleans and its local culture and flavor.

The Hotel’s brand conversion was part of the Company’s 2011 and 2012
comprehensive $210.0 million capital improvement program.

About Us

RLJ Lodging Trust is a self-advised, publicly traded real estate investment
trust focused on acquiring premium-branded, focused-service and compact
full-service hotels. The Company owns 150 properties, comprised of 148 hotels
with more than 22,300 rooms and two planned hotel conversions, located in 22
states and the District of Columbia.

Forward Looking Statements

The following information contains certain statements, other than purely
historical information, including estimates, projections, statements relating
to the Company’s business plans, objectives and expected operating results,
and the assumptions upon which those statements are based, that are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements generally are identified by the use of the
words “believe,” “project,” “expect,” “anticipate,” “estimate,” “plan,” “may,”
“will,” “will continue,” “intend,” “should,” “may” or similar expressions.
Although the Company believes that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, beliefs and
expectations, such forward-looking statements are not predictions of future
events or guarantees of future performance and the Company’s actual results
could differ materially from those set forth in the forward-looking
statements. Some factors that might cause such a difference include the
following: the current global economic uncertainty, increased direct
competition, changes in government regulations or accounting rules, changes in
local, national and global real estate conditions, declines in the lodging
industry, seasonality of the lodging industry, risks related to natural
disasters, such as earthquakes and hurricanes, hostilities, including future
terrorist attacks or fear of hostilities that affect travel, the Company’s
ability to obtain lines of credit or permanent financing on satisfactory
terms, changes in interest rates, access to capital through offerings of the
Company’s common and preferred shares of beneficial interest, or debt, the
Company’s ability to identify suitable acquisitions, the Company’s ability to
close on identified acquisitions and integrate those businesses and
inaccuracies of the Company’s accounting estimates. Given these uncertainties,
undue reliance should not be placed on such statements. Except as required by
law, the Company undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information, future
events or otherwise. The Company cautions investors not to place undue
reliance on these forward-looking statements and urge investors to carefully
review the disclosures the Company makes concerning risks and uncertainties in
the sections entitled “Risk Factors,” “Forward-Looking Statements,” and
“Management’s Discussion and Analysis of Financial Condition and Results of
Operations” in the Company’s Annual Report, as well as risks, uncertainties
and other factors discussed in other documents filed by the Company with the
SEC.

  For additional information or to receive press releases via email, please
                              visit our website:
                          http://rljlodgingtrust.com

Contact:

RLJ Lodging Trust
Leslie D. Hale
Chief Financial Officer
301-280-7774
 
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