RLJ Lodging Trust is a self-advised, self-administered REIT that owns and leases premium-branded, focused-service and compact full-service hotels to independent operating managers in high-demand locations across the United States. The company generates revenue primarily through lease arrangements with taxable REIT subsidiaries that engage third-party hotel operators, with properties operating under franchise agreements with major brands such as Marriott, Hilton, Hyatt, and Wyndham. As a REIT, the company benefits from pass-through taxation while maintaining a diversified portfolio of newly or recently built properties positioned to achieve high revenue per available room and superior profit margins through efficient operating models.