“We are very pleased to have Patricia join our board of trustees,”
commented
Ms. Gibson currently serves as Chief Executive Officer of
Ms. Gibson’s election increases the size of RLJ’s Board from seven to eight members.
About Us
Forward Looking Statements
Certain statements in this press release that are not in the present or
past tense or that discuss the expectations of RLJ and/or FelCor are
forward-looking statements within the meaning of Section 27A of the U.S.
Securities Act of 1933, as amended, and Section 21E of the U.S.
Securities Exchange Act of 1934, as amended. These forward looking
statements, which are based on current expectations, estimates and
projections about the industry and markets in which RLJ operates and
beliefs of and assumptions made by RLJ management, involve uncertainties
that could significantly affect the financial results of the combined
company. Words such as "expects," "anticipates," "intends," "plans,"
"believes," "seeks," "estimates," “forecast,” “guidance,” “outlook,”
“may,” and “might” and variations of such words and similar expressions
are intended to identify such forward looking statements, which
generally are not historical in nature. Such forward-looking statements
may include, but are not limited to, statements about the anticipated
benefits of the merger between RLJ and FelCor, including future
financial and operating results, the combined company's plans,
objectives, expectations and intentions, the timing of future events,
anticipated administrative and operating synergies, the anticipated
impact of the merger on net debt ratios, cost of capital, future
dividend payment rates, forecasts of FFO accretion, projected capital
improvements, expected sources of financing, and descriptions relating
to these expectations. All statements that address operating
performance, events or developments that we expect or anticipate will
occur in the future — including statements relating to expected
synergies, improved liquidity and balance sheet strength — are forward
looking statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and assumptions
that are difficult to predict. Although we believe the expectations
reflected in any forward-looking statements are based on reasonable
assumptions, we can give no assurance that our expectations will be
attained and therefore, actual outcomes and results may differ
materially from what is expressed or forecasted in such forward looking
statements. Some of the factors that may affect outcomes and results
include, but are not limited to: (i) national, regional and local
economic climates, (ii) changes in the real estate industry, financial
markets and interest rates, or to the business or financial condition of
either company or business (iii) increased or unanticipated competition
for the companies' properties, (iv) risks associated with acquisitions,
including the integration of the combined companies' businesses, (v) the
potential liability for the failure to meet regulatory requirements,
including the maintenance of REIT status, (vi) availability of financing
and capital, (vii) risks associated with achieving expected revenue
synergies or cost savings, (viii) risks associated with the companies'
ability to consummate the merger and the timing of the closing of the
merger, (ix) the outcome of claims and litigation involving or affecting
either company, (x) applicable regulatory changes, and (xi) those
additional risks and factors discussed in reports filed with
the Securities and Exchange Commission ("
For additional information or to receive press releases via email, please visit our website: http://rljlodgingtrust.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20170905005548/en/
Source:
RLJ Lodging Trust
Leslie D. Hale, 301-280-7774
Chief Operating
Officer and Chief Financial Officer