RLJ Lodging Trust (NYSE:RLJ) Q2 2022 Earnings Conference Call August 5, 2022 9:00 AM ET

Company Participants

Nikhil Bhalla - Senior Vice President, Finance and Treasurer

Leslie Hale - President and Chief Executive Officer

Sean Mahoney - Chief Financial Officer

Tom Bardenett - Executive Vice President, Asset Management

Conference Call Participants

Austin Wurschmidt - KeyBanc Capital Markets Inc.

Michael Belisario - Robert W. Baird & Co.

Dori Kesten - Wells Fargo Securities LLC

Neil Malkin - Capital One Securities, Inc.

William Crow - Raymond James & Associates

Chris Woronka - Deutsche Bank

Tyler Batory - Oppenheimer & Co. Inc.

Gregory Miller - Truist Securities

Anthony Powell - Barclays

Operator

Welcome to the RLJ Lodging Trust Second Quarter 2022 Earnings Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the call over to Nikhil Bhalla, RLJ’s Senior Vice President, Finance and Treasurer. Please go ahead.

Nikhil Bhalla

Thank you, operator. Good morning, and welcome to RLJ Lodging Trust 2022 second quarter earnings call. On today’s call, Leslie Hale, our President and Chief Executive Officer, will discuss key highlights for the quarter. Sean Mahoney, our Executive Vice President and Chief Financial Officer, will discuss the company’s financial results. Tom Bardenett, our Executive Vice President of Asset Management, will be available for Q&A.

Forward-looking statements made on this call are subject to numerous risks and uncertainties that may lead the company’s actual results to differ materially from what had been communicated. Factors that may impact the results of the company can be found in the company’s 10-Q and other reports filed with the SEC. The company undertakes no obligation to update forward-looking statements. Also, as we discuss certain non-GAAP measures, it may be helpful to review the reconciliations to GAAP located in our press release from last night.

I will now turn the call over to Leslie.

Leslie Hale

Thanks, Nikhil. Good morning, everyone, and thank you for joining us today. I hope everyone’s having a great summer so far. Our portfolio second quarter performance exceeded our expectations as fundamental solar robust acceleration, with lodging demand benefiting from summer travel, ramping business demand, stronger citywide attendance and urban markets being fully open. These tailwinds rolled lodging fundamentals to strengthen throughout the second quarter with the strong momentum continuing into July.