Excluding the Revolving Credit Facility, the Company’s aggregate weighted average cost of debt will decrease by approximately 100 basis points to 4.6% from 5.6%. The Company expects to generate substantial interest expense savings of approximately eight to ten million dollars, of which the actual savings realized will ultimately be predicated on the Company’s hedging strategy. The overall savings will have a significant benefit to the Company’s 2013 FFO.“We received considerable interest during the syndication process and were significantly over subscribed," said Leslie Hale, Chief Financial Officer, Treasurer, and Senior Vice President. “We had a hundred percent participation from all of our existing lenders and added several new banks. The overall size of our Facility and our ability to execute a seven-year term loan reaffirms the confidence that our financial partners have in our balance sheet.” Utilizing the proceeds from the Term Loans to pay down near term maturities and extending the maturity of the Revolving Credit Facility has positioned the Company with ample flexibility and liquidity to pursue its growth objectives. The Company’s debt maturities are well staggered; including all extension options, the next tranche of debt will mature in 2015. The Revolving Credit Facility and the five-year term loan were arranged by Wells Fargo Securities, LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Joint Lead Arrangers and Joint Bookrunners. The seven-year term loan was arranged by Wells Fargo Securities, LLC and PNC Capital Markets LLC, as Joint Lead Arrangers and Joint Bookrunners. About Us 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. Additional information may be found on the Company's website: http://rljlodgingtrust.com. Forward Looking Statements This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company’s control, that may cause actual results to differ significantly from those expressed in any forward-looking statement, including statements related to, among other things, the timing, price or amount of purchases, if any, under the Company's common stock repurchase program, the Company’s target leverage ratio, potential acquisitions or dispositions, the completion of the 2012 capital improvement plan, RevPAR growth, EBITDA growth, Hotel EBITDA margins or cash G&A expenses. All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Results of Operations and Financial Condition” in the Company's Annual report on Form 10-K for the year ended December 31, 2011, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.