RLJ Lodging Trust (RLJ) Announces CFO Retirement

RLJ Lodging Trust (the “Company”) (NYSE: RLJ) announced today that following seven successful years at the Company, Sean M. Mahoney, the Company’s Executive Vice President and Chief Financial Officer will be retiring in May of this year after a dynamic career spanning over 30 years, including more than 20 years in the hospitality REIT industry.

“On behalf of the Board of Trustees and the entire RLJ team, I want to thank Sean for his invaluable contributions during his tenure,” said Leslie D. Hale, President and Chief Executive Officer of the Company. “Sean has been a great partner and valued member of our management team. He joined RLJ at a pivotal time as we were transforming and repositioning our portfolio and was instrumental to our success. Additionally, thanks to Sean’s leadership, our balance sheet is strong, we have a solid finance team, and we are well-positioned for the future. We wish Sean happiness in his much-deserved retirement.”

“It has been a great pleasure to be a part of the RLJ team for the last seven years and I am incredibly proud of all that we have accomplished together,” said Mr. Mahoney. “After many gratifying years in the hospitality REIT industry, I look forward to spending more time with my family and pursuing outside interests. I wish the Company and my colleagues the very best for the future and am confident that the Company is in good hands.”

To ensure a smooth transition, Mr. Mahoney will continue to serve as the Company’s Chief Financial Officer until his departure in May and will actively support the Company’s transition plan. Afterward, he will remain available as an advisor as needed. The Company has a succession process underway and will provide an update once it has concluded.

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