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. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
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.