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RLJ Shareholders and FelCor Stockholders Approve Merger

BETHESDA, Md. and IRVING, Tx. – (BUSINESS WIRE) – August 15, 2017 – RLJ Lodging  Trust ( "RLJ") (NYSE:RLJ) and FelCor Lodging  Trust Incorporated ("FelCor") (NYSE:FCH) today announced that at special  meetings held earlier today shareholders of RLJ approved the issuance of common  shares of beneficial interest, par value $0.01 per share, of RLJ (the "RLJ  Common Shares") in connection with the Merger (as defined below) and  stockholders of FelCor approved FelCor's merger with and into a subsidiary of  RLJ in a stock-for-stock transaction (the "Merger") in connection with the  previously announced Agreement and Plan of Merger, dated as of April 23, 2017,  by and among RLJ, FelCor and the other entities party thereto.

"Today's vote solidifies our  position as the premier lodging REIT within the most profitable segment of the  hotel market", said Robert L. Johnson, Executive Chairman of RLJ. "We are very  pleased with the overwhelming level of support that we received from both RLJ  and FelCor shareholders. We look forward to closing this transaction at the end  of the month and starting to unlock the strategic benefits of the merger."

At the special meeting of RLJ  shareholders, approximately 78% of the votes cast were voted in favor of the  proposal related to the issuance of RLJ Common  Shares in connection with the Merger.

At the special meeting of FelCor  stockholders, approximately 81% of the outstanding shares of FelCor common  stock were voted, with approximately 99% of the votes cast in favor of the  Merger.

The Merger is expected to close  on or about August 31, 2017, subject to the satisfaction or waiver of all closing  conditions related to the transactions. Assuming completion of the Merger,  FelCor stock is expected to be delisted from trading on the New York Stock  Exchange ("NYSE") after the close of trading on August 31, 2017. As a result of  the Merger, among other things, each share of FelCor common stock will be  converted into 0.362 RLJ Common Shares. RLJ Common Shares will continue to  trade under the existing ticker symbol "RLJ" on the NYSE.

About RLJ Lodging Trust

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. RLJ owns 122  hotels with approximately 20,100 rooms, located in 21 states and the District  of Columbia.

About FelCor Lodging Trust Incorporated

FelCor Lodging Trust  Incorporated, a Maryland corporation, owns a diversified portfolio of primarily  upper- upscale full-service hotels that are located in major urban and resort  markets throughout the U.S. FelCor partners with leading hotel companies who  operate its properties under globally renowned names and as premier independent  hotels.

Forward Looking Statements

Certain statements in this press release that are not in the present or past tense or that discuss the  expectations of RLJ and/or FelCor are forward-looking statements within the  meaning of Section 27A of the U.S. Securities Act of 1933,  as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as  amended. These forward looking statements, which are based on current  expectations, estimates and projections about the industry and markets in which  RLJ and FelCor operate and beliefs of and assumptions made by RLJ management  and FelCor management, involve uncertainties that could significantly affect  the financial results of RLJ or FelCor or the combined company. Words such as "expects," "anticipates," "intends,"  "plans," "believes," "seeks," "estimates," "forecast," "guidance," "outlook," "may," and "might" and variations of such words and similar expressions are intended to identify such  forward looking statements, which generally are not historical in nature. Such  forward-looking statements may include, but are not limited to, statements  about the anticipated benefits of the proposed merger between RLJ and FelCor,  including future financial and operating results, the attractiveness of the  value to be received by FelCor stockholders, the attractiveness of the value to  be received by RLJ, the combined company's plans, objectives, expectations and  intentions, the timing of future events, anticipated administrative and  operating synergies, the anticipated impact of the merger on net debt ratios,  cost of capital, future dividend payment rates, forecasts of FFO accretion, projected  capital improvements, expected sources of financing, and descriptions relating  to these expectations. All statements that address operating performance,  events or developments that we expect or anticipate will occur in the future —  including statements relating to expected synergies, improved liquidity and  balance sheet strength — are forward looking statements. These statements are  not guarantees of future performance and involve certain risks, uncertainties  and assumptions that are difficult to predict. Although we believe the  expectations reflected in any forward-looking statements are based on  reasonable assumptions, we can give no assurance that our expectations will be  attained and therefore, actual outcomes and results may differ materially from  what is expressed or forecasted in such forward looking statements. Some of the  factors that may affect outcomes and results include, but are not limited to:  (i) national, regional and local economic climates, (ii) changes in the real  estate industry, financial markets and interest rates, or to the business or  financial condition of either company or business (iii) increased or  unanticipated competition for the companies' properties, (iv) risks associated  with acquisitions, including the integration of the combined companies'  businesses, (v) the potential liability for the failure to meet regulatory  requirements, including the maintenance of REIT status, (vi) availability of  financing and capital, (vii) risks associated with achieving expected revenue synergies  or cost savings, (viii) risks associated with the companies' ability to  consummate the merger and the timing of the closing of the merger, (ix) the  outcome of claims and litigation involving or affecting either company, (x)  applicable regulatory changes, and (xi) those additional risks and factors  discussed in reports filed with the Securities and Exchange Commission ("SEC") by RLJ and FelCor from time to time, including  those discussed under the heading "Risk Factors" in their respective  most recently filed reports on Forms 10K and 10Q. Neither RLJ nor FelCor  undertakes any duty to update any forward looking statements appearing in this  document.


RLJ Lodging Trust
Investors: Leslie D. Hale, Chief Operating Officer and Chief Financial Officer, RLJ Lodging Trust (301) 280-7774

FelCor Lodging Trust Incorporated
Investors: Michael C. Hughes, Chief Financial Officer, FelCor Lodging Trust (972) 444-4967