RLJ Lodging Trust’s Zachari Dunes on Mandalay Beach Hotel Named ‘Best New Hotel’ for 2023

BETHESDA, Md.--(BUSINESS WIRE)--Jan. 16, 2024-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) is pleased to announce that the Company’s Zachari Dunes on Mandalay Beach, Curio Collection by Hilton hotel has been named the ‘Best New Hotel Across the US’ for 2023 by USA Today. The 250-room, all-suite lifestyle resort underwent a transformative renovation and repositioning in 2022.

“We are appreciative of USA Today and its readers for recognizing Zachari Dunes as the Best New Hotel Across the US in 2023,” commented Leslie D. Hale, President and Chief Executive Officer. “This award is an endorsement of the RLJ team’s ability to identify and unlock the deep value embedded in its portfolio and the incredible potential of this iconic oceanfront hotel.”

About Us

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.

Forward Looking Statements

This 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, Section27A 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 our actual results could differ materially from those set forth in the forward-looking 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 urges 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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Sean M. Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7774

Source: RLJ Lodging Trust