RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the appointment of Robin Zeigler, a real estate executive with more than 25 years of industry experience, to the Company’s Board of Directors ( the board “). Ms. Zeigler’s appointment as a new independent member of the Board of Directors is effective immediately and she will join the Audit Committee and the Nominating and Corporate Governance Committee of the Board of Directors. Ms. Zeigler will stand for election as a nominee recommended by the board at the 2022 annual meeting of shareholders.
“On behalf of RLJ’s Trustees and management team, we are delighted to welcome Robin to our Board,” commented Leslie D. Hale, President and Chief Executive Officer. “Robin has extensive real estate experience and is a seasoned public REIT executive. She joins an exciting time for the company as we enter the hosting recovery well positioned to pursue multiple channels of growth.
Since March 2016, Ms. Zeigler has served as Executive Vice President and Chief Operating Officer of Cedar Realty Investment Trust (NYSE: CDR), where she oversees 9 million square feet of shopping malls with grocery stores as well as the redevelopment of the building at mixed use of Cedar. assets. Prior to Cedar Realty, she held various asset management and operations roles for ten years at Federal Realty Investment Trust (NYSE: FRT), culminating in her role as Chief Operating Officer, Mid-Atlantic Region , where she was responsible for operating 40 shopping centers and mixed-use assets in Washington, DC, Virginia, Florida and North Carolina. Ms. Zeigler previously held portfolio management positions at KeyBank Real Estate Capital and Lend Lease Real Estate Investments and was a senior real estate auditor at Ernst & Young LLP in Atlanta, Georgia.
Ms. Zeigler graduated Magna Cum Laude with a Bachelor of Science in Accounting from Florida A&M University and holds a Master of Business Administration in Real Estate from Georgia State University.
This information contains certain statements, other than purely historical information, including estimates, projections, statements relating to the Company’s business plans, objectives and expected operating results, measures taken in response to the pandemic of COVID-19 and the impact of the COVID-19 pandemic. 19 pandemic about our business, and the assumptions on which such statements are based, which 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 are generally identified by the use of the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “plan”, “may”, “will”, “will continue, “intend to”, “should”, “may” or similar expressions. Although the Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, beliefs and expectations, these forward-looking statements are not predictions of future events or guarantees of future performance and actual results of the Company could differ materially from those set forth in the forward-looking statements. Among the factors that could cause such a difference are: current global economic uncertainty and worsening global economic conditions or low levels of economic growth; the duration and extent of the COVID-19 pandemic and its impact on travel demand and consumer confidence levels; measures taken by governments, businesses and individuals in response to the pandemic; the impact of the pandemic on global and regional economies, travel and economic activity; public adoption rates of COVID-19 vaccines, including boosters, and their effectiveness against emerging variants of COVID-19, such as the Delta and Omicron variants, and the pace of recovery when the COVID-19 pandemic s attenuates; increased direct and indirect 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 accommodation industry; risks related to natural disasters, such as earthquakes and hurricanes; hostilities, including future terrorist attacks or fear of hostilities that affect travel and epidemics and/or pandemics, including COVID-19; 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 complete identified acquisitions and integrate such businesses; and inaccuracies in the Company’s accounting estimates. In addition, investors are urged to interpret many of the risks identified in the section titled “Risk Factors” of the Company’s Form 10-K for the fiscal year ended December 31, 2021 to be filed February 24, 2022 as being increased as a result of the many ongoing negative effects of the COVID-19 pandemic. Given these uncertainties, undue reliance should not be placed on such statements. Except as required by law, the Company undertakes no obligation to publicly update or revise 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 urges investors to carefully review the information provided by the Company regarding 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 filings by the company with the Securities and Exchange Committee.
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