RLJ Lodging Trust: insider trades · United States · SEC (Form 4)

About RLJ Lodging Trust

RLJ Lodging Trust (NYSE: RLJ) is a U.S.-listed hotel REIT headquartered in Bethesda, Maryland, and focused on owning premium-branded, rooms-oriented lodging assets. The company was formed in 2000 around the investment platform of Robert L. Johnson and has built a strategy centered on select-service and compact full-service hotels, typically under well-known global flags. For investors, RLJ is best understood as a real estate operating platform with a hospitality asset base, rather than a pure hotel operator: the company primarily allocates capital, owns the properties, and works with third-party hotel managers to drive performance. RLJ’s portfolio is concentrated in the United States and is broadly diversified across multiple states and the District of Columbia, with exposure to urban, business-travel, leisure, and transit-oriented demand pools. The company’s investor materials describe a portfolio of roughly 94 hotels and about 21,000 rooms, plus a small ownership interest in an unconsolidated hotel. That footprint gives RLJ scale within the mid-to-upper segment of U.S. lodging REITs while reducing dependence on any single market. Its emphasis on premium brands is important competitively: brand affiliation supports demand generation, loyalty-program traffic, and revenue resilience relative to independent or lower-tier lodging assets. In the U.S. lodging REIT landscape, RLJ competes with peers that own similar branded hotel assets, but its differentiation lies in portfolio quality, active asset management, and balance-sheet discipline. Recent company updates point to a cautious but constructive operating backdrop. In the third quarter of 2025, RLJ reported a year-over-year decline in comparable RevPAR, reflecting a choppy macro environment, yet it maintained solid liquidity and balance-sheet flexibility. In February 2026, the company announced the successful refinancing of all debt maturities through 2028, an important move that improves near-term financial visibility and lowers refinancing risk. RLJ also sold two hotels in late 2025 and repurchased a modest amount of stock during 2025. The most recent full-year 2025 results, released in February 2026, showed over $1 billion of liquidity and confirmed that the company was operating from a position of financial strength despite mixed lodging demand. Management also provided 2026 guidance that was cautious but stable, which is consistent with a disciplined REIT focused on capital preservation, earnings durability, and opportunistic portfolio optimization. Overall, RLJ Lodging Trust offers investors exposure to U.S. hotel real estate through the NYSE market in the United States, with a portfolio anchored by branded assets, geographic diversification, and an active financial strategy.