HIGHOutside partyCounterparty
89.3%
Marriott, Hilton and Hyatt
“10-K Item 1: 'approximately 89.3% of our hotel properties operating under existing relationships with Marriott, Hilton or Hyatt'”
RLJ · Concentration risk · 10-K extracted
RLJ Lodging Trust (RLJ) concentration risks
Updated
The most significant concentration RLJ Lodging Trust discloses is Marriott, Hilton and Hyatt at 89.3%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: RLJ Lodging Trust’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCounterparty
28%
Aimbridge Hospitality
“10-K Item 1A: 'As of December 31, 2025, all of our hotel properties had individual management agreements, 26 of which were with Aimbridge Hospitality ("Aimbridge") and 21 of which were with Hilton.'”
LOWBuilt-inGeographic
13.4%
Northern California
“10-K Item 1A: 'Our hotels located in the Northern California, Southern California, South Florida, Chicago, Illinois, and Houston, Texas metropolitan areas accounted for approximately 13.4%'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-26RLJ Lodging Trust's disclosed concentration is heavily brand-driven. Approximately 89.3% of its hotel properties operate under existing relationships with Marriott, Hilton, or Hyatt — a high-share dependency that ties the vast majority of the portfolio's operating performance and brand standards to three flag families. Operationally, Aimbridge Hospitality manages a medium-share 28% of properties under individual management agreements, meaning a meaningful slice of day-to-day hotel operations runs through a single third-party manager. Geographically, the Northern California, Southern California, South Florida, Chicago, and Houston metropolitan areas together accounted for approximately 13.4% of the portfolio — a low-share, structural exposure to regional economic conditions across those markets. Of these three, the brand concentration is the one most capable of moving the verdict: a change in terms, standards, or economics with Marriott, Hilton, or Hyatt would touch nearly the entire portfolio, whereas the medium-share operator exposure and the low-share geographic exposure are more contained and more typical of a diversified lodging REIT.
For the engine’s reasoning on RLJ’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Hotel & Motel
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| DRH | Diamondrock Hospitality Company | 2 | 0 | 0 | 2 |
| RLJ● | RLJ Lodging Trust | 1 | 1 | 1 | 3 |
| INN | Summit Hotel Properties, Inc. | 1 | 1 | 0 | 2 |
| APLE | Apple Hospitality REIT, Inc. | 1 | 0 | 0 | 1 |
| HST | Host Hotels & Resorts, Inc. | 1 | 0 | 0 | 1 |
| CLDT | Chatham Lodging Trust (REIT) | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.