RLJ Lodging Trust Names Sean M. Mahoney Executive Vice President, Chief Financial Officer and Treasurer
July 16 2018 - 9:00AM
Business Wire
RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced
that Sean M. Mahoney will join the Company as Executive Vice
President, Chief Financial Officer and Treasurer, effective August
1, 2018. Mr. Mahoney will report directly to Leslie D. Hale, the
Company’s incoming President and Chief Executive Officer.
“We are excited to welcome Sean to the RLJ team. Sean is a
seasoned REIT executive with broad industry experience and deep
financial knowledge with a proven track record of prudent balance
sheet management. He is well-respected by the investment community
and will be a great addition to RLJ,” stated Leslie D. Hale.
Mr. Mahoney recently served as Executive Vice President, Chief
Financial Officer and Treasurer of DiamondRock Hospitality Company
(NYSE:DRH), a lodging real estate investment trust, from September
2008 through March 2018. In this role, Mr. Mahoney led the finance
and accounting teams, oversaw all capital markets activity, and
played an active role in corporate strategy and planning, investor
relations, acquisition and dispositions, and risk management.
Earlier in his career, Mr. Mahoney worked in the audit practices of
Arthur Andersen, KPMG and Ernst & Young. Mr. Mahoney received a
B.S. in accounting from Syracuse University in 1993.
About RLJ
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 154 hotels with approximately 30,000 rooms
located in 26 states and the District of Columbia and an
ownership interest in one unconsolidated hotel with 171 rooms.
Forward Looking
Statements
This press release 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, Section 27A 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 the
Company’s actual results could differ materially from those set
forth in the forward-looking statements. Some factors that might
cause such a difference include the following: the current global
economic uncertainty, increased direct competition, changes in
government regulations or accounting rules, changes in local,
national and global real estate conditions, declines in the lodging
industry, seasonality of the lodging industry, risks related to
natural disasters, such as earthquakes and hurricanes, hostilities,
including future terrorist attacks or fear of hostilities that
affect travel, the Company’s ability to obtain lines of credit or
permanent financing on satisfactory terms, changes in interest
rates, access to capital through offerings of the Company’s common
and preferred shares of beneficial interest, or debt, the Company’s
ability to identify suitable acquisitions, the Company’s ability to
close on identified acquisitions and integrate those businesses and
inaccuracies of the Company’s accounting estimates. Given these
uncertainties, undue reliance should not be placed on such
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 urge 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.
For additional information or to receive press
releases via email, please visit our website:
http://www.rljlodgingtrust.com
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version on businesswire.com: https://www.businesswire.com/news/home/20180716005364/en/
RLJ Lodging TrustLeslie D. Hale,
301-280-7774Chief Operating Officer and Chief Financial
Officer
RLJ Lodging (NYSE:RLJ)
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