BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (NYSE: RLJ) today provided an update with respect to the Company’s properties following Hurricanes Harvey and Irma.
“Our thoughts and prayers go out to the people impacted by these two devastating hurricanes,” commented Ross H. Bierkan, President and Chief Executive Officer of RLJ Lodging Trust. “I could not be prouder of the professionalism and humanity of our team in taking care of our guests. In the true spirit of hospitality and service, our associates continue to serve even in the face of crisis.”
In Texas, all of the Company’s 11 hotels in the Houston market remain operational. To date, there has been no material property damage reported. RLJ’s hotels in the Austin and San Antonio markets have also remained operational and were largely unaffected.
In Florida, eight of the Company’s 20 hotels had been temporarily closed to comply with mandatory evacuation orders. A number of the closed hotels are in the process of reopening as evacuation orders are lifted at their respective locations. Based on preliminary information, no material property damage has been reported.
RLJ maintains comprehensive insurance coverage on all of its hotels including property, flood and business interruption. The Company is working with its insurance providers to assess the overall impact from the two storms and expects the assessment to take several weeks to complete.
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 158 hotels with approximately 31,180 rooms located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.