Robert L. Johnson

RLJ Capital Markets, a collaboration between The RLJ Companies and Roth Capital Partners, is a full service investment bank and broker-dealer providing institutional and corporate clients with capital markets solutions that enhance their ability to raise equity and debt capital, invest in their businesses, and pursue growth opportunities. RLJ Capital Markets provides resources in underwriting and placing equity and fixed income offerings, sales and trading, research and corporate access for institutional investors. The Company brings specific sector expertise in Business Services, Consumer, Cleantech, Healthcare, Industrials, Media, Resources and Technology. RLJ Capital Markets is a licensed broker-dealer that is registered with the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 145 hotels in 21 states and the District of Columbia, with a total of more than 21,600 rooms. Our hotels are geographically diverse and concentrated in major urban areas and dense suburban markets that provide multiple demand generators from business, leisure and other travelers. At the same time, as a result of high construction costs and the density of these urban and suburban markets, these locales provide significant barriers to entry. We believe that our investment strategy and the current market environment present attractive opportunities for us to acquire additional hotels with significant upside potential. The company is a self-advised and self-administered Maryland real estate investment trust and is traded on the New York Stock Exchange under the stock symbol "RLJ". Our strategy is to invest in focused service and compact full-service hotels, which typically generate most of their revenue from room rentals, have limited food and beverage outlets and meeting space, and require fewer employees than larger hotels. We believe that such premium-branded, focused-service hotels have the potential to provide attractive returns relative to other hotel types due to their ability to generate revenue per room comparable to that of full-service hotels, while providing higher profit margins as a result of a more efficient operating model and less volatile cash flows. Our hotels operate under well-recognized global brands, including Courtyard by Marriott, Residence Inn by Marriott, Hilton Garden Inn, Homewood Suites by Hilton, Hyatt Place and Embassy Suites and we maintain strong relationships with these leading franchisors. The company became publicly-traded in May 2011 and was formed to succeed to the hotel investment and ownership platform of RLJ Development and its two remaining lodging-focused private equity funds, RLJ Lodging Fund II, LP and RLJ Real Estate Fund III, LP. RLJ Development was co-founded in 2000 by Robert L. Johnson, our Executive Chairman, and Thomas J. Baltimore, Jr., our President and Chief Executive Officer, and, over more than 10 years of operations, the company has developed significant expertise in acquiring and asset managing focused service and compact full-service hotels. Our experienced senior management team, which operated the company's predecessor, is comprised of seasoned professionals with extensive industry relationships and asset management experience that will allow us to continue to compete effectively for acquisition activities and generate strong internal growth. In addition, we plan to enhance the value of this platform by being open and transparent in our investor communications and following sound corporate governance practices

RLJ Development seeks to generate superior risk-adjusted returns for their investors through opportunistic, value-added real estate investment strategies. The firm strives to capitalize on their ability to attract low cost capital and identify well-located hotel real estate. They actively acquire, reposition, renovate and rebrand institutional-quality hotel properties throughout North America and the Caribbean. Their core strategy is to acquire upscale, limited service (often referred to as focused-service or select-service) and compact full-service hotels that are located in dense urban settings, or other distinctive markets, that offer strong barriers to competitive entry. RLJ Development considers investments in only the strongest brands in each respective market. The firm is well-capitalized and has invested in a portfolio of first-class hotels in strong, diverse markets. The firm is open to inquiries from hotel owners and operators that are seeking to recapitalize or liquidate their hospitality holdings. RLJ may also consider opportunities slightly outside of their core strategy.RLJ Development is appropriately established to serve as a fiduciary to institutional capital due to the complete absence of conflicting interests within their organizational structure. The firm provides no captive property management, purchasing or insurance brokerage services. Their objective is to maximize the value of the real estate and to generate superior risk-adjusted returns for their investors.In 2004, RLJ Development launched the RLJ Urban Lodging Fund I. The fund offered institutional investors the opportunity to invest alongside RLJ Development and to capitalize on the firm's ability to identify off-market acquisition opportunities, to financially structure them in an appropriate manner, to associate them with the strongest brands and operators, and carefully asset manage the properties through their investment lifecycles.In 2006, the firm launched the RLJ Lodging Fund II. The fund's primary strategy is to acquire and develop upscale, focused-service hotels with premium brands in urban markets or suburban locations in major metropolitan areas.In 2008, the RLJ Real Estate Fund III was launched. The fund seeks to acquire and develop upscale, focused-service hotels with premium brands in urban markets or dense suburban locations in major metropolitan areas. With this fund, RLJ Development expanded their investment strategy to include mixed-use investments in target markets.