RLJ Lodging Trust Announces Dividends for Third Quarter of 2018

BETHESDA, Md.–(BUSINESS WIRE)–RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its
Board of Trustees has declared a regular quarterly cash dividend of
$0.33 per common share of beneficial interest. The dividend is payable
on October 15, 2018, to shareholders of record as of September 28, 2018.
Based on the Company’s common stock closing price of $22.26 on September
13, 2018, the annualized $1.32 dividend represents a 5.9% yield.

The Board of Trustees also declared a quarterly cash dividend of $0.4875
on the Company’s Series A Preferred Shares. The dividend is payable on
October 31, 2018, to shareholders of record as of September 28, 2018.

About Us

RLJ Lodging Trust is a self-advised, publicly traded real estate
investment trust focused on owning premium-branded, focused-service and
compact full-service hotels. The Company’s portfolio consists of 152
hotels with approximately 29,490 rooms located in 26 states and
the District of Columbia and an ownership interest in one unconsolidated
hotel with 171 rooms.

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,” 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 Securities and Exchange Commission.

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RLJ Lodging Trust
Sean Mahoney

Executive Vice
President and Chief Financial Officer