Exhibit 10.1


 


Execution Version


 


Loan Numbers: 1008457,

1008458,

and 1010219


 


FOURTH AMENDMENT TO


 


THIRD AMENDED AND RESTATED CREDIT AGREEMENT


 


THIS
FOURTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of September 16,
2021, is made by and between RLJ LODGING TRUST, L.P., a limited partnership formed under the laws of the State of Delaware (the “Borrower”),
RLJ LODGING TRUST, a Maryland real estate investment trust (the “Parent Guarantor”), each of the undersigned Subsidiary
Guarantors (as defined in the Amended Credit Agreement (as defined below)), the Lenders party hereto (the “Lenders”),
and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (the “Administrative Agent”).


 


WHEREAS, the Borrower, the
Parent Guarantor, the Administrative Agent and the financial institutions initially a signatory to the Existing Credit Agreement (as defined
below) together with their successors and assigns under Section 13.6 of the Existing Credit Agreement have entered into that
certain Third Amended and Restated Credit Agreement dated as of December 18, 2019 (as amended by the First Amendment to Third Amended
and Restated Credit Agreement, dated as of June 24, 2020, as further amended by the Second Amendment to Third Amended and Restated
Credit Agreement, dated as of December 10, 2020, as further amended by the Third Amendment to Third Amended and Restated Credit Agreement,
dated as of June 10, 2021, as further amended, restated, supplemented or otherwise modified from time to time prior to the date hereof,
collectively, the “Existing Credit Agreement,” and the Existing Credit Agreement as amended by this Amendment, the
 “Amended Credit Agreement”). Capitalized terms used herein and not defined herein have the meanings provided in the
Amended Credit Agreement;


 


WHEREAS, the Borrower and
the Parent Guarantor have requested that the Administrative Agent and the Lenders amend certain terms and conditions of the Existing Credit
Agreement as described herein; and


 


WHEREAS, the Administrative
Agent and the Lenders party to this Amendment (which Lenders comprise the Requisite Lenders under the Existing Credit Agreement) have
agreed to so amend certain terms and conditions of the Existing Credit Agreement to make certain agreed upon modifications on the terms
and conditions set forth below in this Amendment.


 


NOW THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereto hereby
agree as follows:


 






     


     


    

 


1.             Amendments
to Existing Credit Agreement.


 


(a)           Section 1.1
of the Existing Credit Agreement is hereby amended by adding or amending and restating, as applicable, the following definitions in appropriate
alphabetical order:


 


“Extending Lenders
(Tranche A-1 Term Loan)” means, collectively, (i) each Lender that is a party to the Fourth Amendment, together with such
Lender’s successors and assigns and (ii) any other Tranche A-1 Term Loan Lender that at any time consents after the date of
the Fourth Amendment, in its sole discretion, to extend the Tranche A-1 Term Loan Maturity Date with respect to all of the Tranche A-1
Term Loans held by such Lender in accordance with Section 2.13(b).


 


“Fourth Amendment”
means the Fourth Amendment to Third Amended and Restated Credit Agreement, dated as of September 16, 2021, among the Borrower, the
Parent Guarantor, the Subsidiary Guarantors party thereto, the Extending Lenders (Tranche A-1 Term Loan) and the Administrative Agent.


 


“Knickerbocker Intercompany
Debt” means that certain loan in the principal amount of $85,000,000 made by Borrower to FCH HH Knickerbocker Owner, L.P. and
secured by the Property known as the Knickerbocker Hotel, and evidenced by the Knickerbocker Intercompany Note.


 


“Knickerbocker Intercompany
Mortgage” means that certain Amended, Restated and Consolidated Mortgage, Leasehold Mortgage, Assignment of Leases and Profits,
Security Agreement and Fixture Filing, dated as of November 6, 2018, among FCH HH Knickerbocker Owner, L.P., as mortgagor, Knickerbocker
Master Lessee, L.P., as accommodation mortgagor, and the Borrower.


 


“Knickerbocker Intercompany
Note” means that certain Amended, Restated and Consolidated Promissory Note, dated November 6, 2018, by FCH HH Knickerbocker
Owner, L.P in favor of the Borrower.


 


“Option to Extend (Revolver)”
has the meaning given that term in Section 2.13(a).


 


“Option to Extend (Tranche
A-1 Term Loan)” has the meaning given that term in Section 2.13(b).


 


“Revised
Unencumbered Asset Value” means at any time the Unencumbered Asset Value at such time; provided, that during the
Restriction Period, the Operating Property Value of any Borrowing Base Property included in the determination of Unencumbered Asset
Value at such time shall be determined based on (i) with respect to (x) any Borrowing Base Property in the Unencumbered
Pool as of December 31, 2019 and (y) any Borrowing Base Property added after December 31, 2019 and owned by any
FelCor Subsidiary, the Operating Property Value of such Borrowing Base Property as of December 31, 2019, and (ii) with
respect to any Borrowing Base Property added after December 31, 2019 (other than any Borrowing Base Property owned by any
FelCor Subsidiary), the Operating Property Value of such Borrowing Base Property at any time (i.e., in the case of this clause (ii),
calculated in the same manner as set forth in the definition of Unencumbered Asset Value).


 






    2 


     


    

 


(b)           Section 1.1
of the Existing Credit Agreement is hereby amended by adding the following language at the end of the definition of “Applicable
Margin”:


 


“Notwithstanding the foregoing,
if Borrower exercises the Option to Extend (Tranche A-1 Term Loan), commencing on the initial Tranche A-1 Term Loan Maturity Date (i.e.
January 25, 2023) and thereafter, the Applicable Margin then in effect for the Tranche A-1 Term Loan Facility shall be increased
by 0.30% for each Level.”


 


(c)           Section 1.1
of the Existing Credit Agreement is hereby amended by deleting the “and” prior to clause (b) in the definition of “Negative
Pledge” and adding the following language immediately before the phrase “shall not constitute a Negative Pledge” at
the end of such definition:


 


“, and (c) any provision of the Knickerbocker
Intercompany Mortgage which prohibits or purports to prohibit the creation or assumption of any Lien on the Property known as the Knickerbocker
Hotel”


 


(d)           Section 1.1
of the Existing Credit Agreement is hereby amended by deleting the “and” prior to clause (l) in the definition of “Permitted
Liens” and adding the following language immediately before the period at the end of such definition:


 


“; and (m) with respect
to the Property known as the Knickerbocker Hotel, the Lien evidenced by the Knickerbocker Mortgage so long as such Lien is held by, and
the underlying Knickerbocker Intercompany Indebtedness is payable to, the Borrower”


 


(e)           Section 1.1
of the Existing Credit Agreement is hereby amended by deleting the definition of “Option to Extend” in its entirety.


 


(f)            Section 2.13
is hereby amended and restated in its entirety as follows:


 


“Section 2.13     Extension
Options.


 


(a)           Extension
of Revolving Credit Maturity Date. The Borrower shall have one (1) option to extend (the “Option to Extend (Revolver)”)
the Revolving Credit Maturity Date by one (1) year upon satisfaction of each of the following conditions precedent:


 


(i)          the
Borrower shall provide the Administrative Agent with written notice of the Borrower’s request to exercise the Option to Extend (Revolver)
not more than one hundred twenty (120) days but not less than forty-five (45) days prior to the initial Revolving Credit Maturity
Date;


 


(ii)         as
of the date of receipt by the Administrative Agent of written notice of the Borrower’s request to exercise the Option to Extend
(Revolver) and as of the initial Revolving Credit Maturity Date, no Default or Event of Default shall have occurred and be continuing,
and the Borrower shall so certify in writing;


 






    3 


     


    

 


(iii)        all
representations and warranties made or deemed made by the Borrower or any other Loan Party in any Loan Document to which such Loan Party
is a party shall be true and correct in all material respects (unless such representation and warranty is qualified by materiality, in
which event such representation and warranty shall be true and correct in all respects) on and as of the date of receipt by the Administrative
Agent of written notice of the Borrower’s request to exercise the Option to Extend (Revolver) and as of the initial Revolving Credit
Maturity Date with the same force and effect as if made on and as of such date, except to the extent that such representations and warranties
expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all
material respects (unless such representation and warranty is qualified by materiality, in which event such representation and warranty
shall have been true and correct in all respects) on and as of such earlier date) and except for changes in factual circumstances permitted
under the Loan Documents, and the Borrower shall so certify in writing;


 


(iv)        the
Borrower shall execute or cause the execution of all documents reasonably required by the Administrative Agent to effect the exercise
of the Option to Extend (Revolver); and


 


(v)         on
or before the initial Revolving Credit Maturity Date, the Borrower shall pay to the Administrative Agent (for the account of the Revolving
Credit Lenders) the extension fee provided for in Section 3.5(d)(i).


 


(b)           Extension
of Tranche A-1 Term Loan Maturity Date. The Borrower shall have one (1) option to extend (the “Option to Extend (Tranche
A-1 Term Loan)”) the Tranche A-1 Term Loan Maturity Date with respect all of the Tranche A-1 Term Loans held by Extending Lenders
(Tranche A-1 Term Loan) by one (1) year upon satisfaction of each of the following conditions precedent:


 


(i)          the
Borrower shall provide the Administrative Agent with written notice of the Borrower’s request to exercise the Option to Extend (Tranche
A-1 Term Loan) not more than one hundred twenty (120) days but not less than forty-five (45) days prior to the initial Tranche A-1 Term
Loan Maturity Date;


 


(ii)         as
of the date of receipt by the Administrative Agent of written notice of the Borrower’s request to exercise the Option to Extend
(Tranche A-1 Term Loan) and as of the initial Tranche A-1 Term Loan Maturity Date, no Default or Event of Default shall have occurred
and be continuing, and the Borrower shall so certify in writing;


 






    4 


     


    

 


(iii)        the
Borrower shall have delivered to Administrative Agent a Compliance Certificate, prepared as of the last day of the most recent fiscal
quarter, evidencing pro forma compliance with the covenants set forth in Section 10.1 after giving effect to the repayment of non-extended
Tranche A-1 Term Loans on the initial Tranche A-1 Term Loan Maturity Date and the extension of the Tranche A-1 Term Loans so extended;


 


(iv)        all
representations and warranties made or deemed made by the Borrower or any other Loan Party in any Loan Document to which such Loan Party
is a party shall be true and correct in all material respects (unless such representation and warranty is qualified by materiality, in
which event such representation and warranty shall be true and correct in all respects) on and as of the date of receipt by the Administrative
Agent of written notice of the Borrower’s request to exercise the Option to Extend (Tranche A-1 Term Loan) and as of the initial
Tranche A-1 Term Loan Maturity Date with the same force and effect as if made on and as of such date, except to the extent that such representations
and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and
correct in all material respects (unless such representation and warranty is qualified by materiality, in which event such representation
and warranty shall have been true and correct in all respects) on and as of such earlier date) and except for changes in factual circumstances
permitted under the Loan Documents, and the Borrower shall so certify in writing;


 


(v)         the
Borrower shall execute or cause the execution of all documents reasonably required by the Administrative Agent to effect the exercise
of the Option to Extend (Tranche A-1 Term Loan); and


 


(vi)        on
or before the initial Tranche A-1 Term Loan Maturity Date, the Borrower shall pay to the Administrative Agent (for the account of the
Extending Lenders (Tranche A-1 Term Loan)) the extension fee provided for in Section 3.5(d)(ii).


 


Upon the Borrower’s
exercise of its Option to Extend (Tranche A-1 Term Loan) in accordance with the foregoing, only those Tranche A-1 Term Loans held by
Extending Lenders (Tranche A-1 Term Loan) shall be extended. Other than with respect to those Extending Lenders (Tranche A-1 Term
Loan) pursuant to clause (i) of the definition thereof, the Borrower specifically acknowledges that the Option to Extend
(Tranche A-1 Term Loan) may be granted or denied in each Tranche A-1 Term Loan Lender’s sole discretion, and no Tranche A-1
Term Loan Lender can be required to extend such Lender’s Tranche A-1 Term Loans without such Lender’s
consent.”


 






    5 


     


    

 


(g)           Section 3.5(d) of
the Existing Credit Agreement is hereby amended and restated in its entirety as follows:


 


“(d)         Extension
Fees.


 


(i)             If
the Borrower exercises its right to extend the Revolving Credit Maturity Date in accordance with Section 2.13(a), the Borrower
agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a fee equal to fifteen hundredths of one percent
(0.15%) of the amount of such Revolving Credit Lender’s Revolving Credit Commitment (whether or not utilized); and


 


(ii)            If
the Borrower exercises its right to extend the Tranche A-1 Term Loan Maturity Date in accordance with Section 2.13(b), the
Borrower agrees to pay to the Administrative Agent for the account of each Extending Lender (Tranche A-1 Term Loan), a fee equal to fifteen
hundredths of one percent (0.15%) of the amount of such Tranche A-1 Term Loans held by such Extending Lender (Tranche A-1 Term Loan).”


 


(h)          Section 10.12(b)(x) of
the Existing Credit Agreement is hereby amended and restated in its entirety as follows:


 


“(x)         additional
Acquisitions and Investments in an aggregate amount during the Restriction Period not to exceed:


 


(A)        if
the Outstanding Amount of Revolving Credit Loans is greater than $0 but does not exceed $200,000,000 immediately after giving effect to
such Acquisition or Investment, $300,000,000; and


 


(B)         if
the Outstanding Amount of Revolving Credit Loans is equal to $0 immediately after giving effect to such Acquisition or Investment, $450,000,000;


 


provided that any such Acquisitions
or Investments, in the case of this clause (x), are limited to (1) Acquisitions of Eligible Properties which are added as Borrowing
Base Properties in accordance with Section 4.1; (2) Investments in Borrowing Base Properties or Subsidiary Guarantors or Non-Loan
Party BB Subsidiaries that own or ground lease such Borrowing Base Properties; or (3) Acquisition of Properties where the underlying
property is subject to existing Non-Recourse Indebtedness which is assumed by the acquiring Subsidiary; provided, further,
that for purposes of determining compliance with the amount limitations set forth in this clause (x), the principal amount of any assumed
Non-Recourse Indebtedness shall be excluded; and”


 


2.            [Reserved].


 






    6 


     


    

 


3.            Conditions
to Effectiveness. The effectiveness of this Amendment is subject to the satisfaction or waiver of the following conditions precedent:


 


(a)           The
Administrative Agent shall have received:


 


(i)          counterparts
of this Amendment duly executed and delivered by the Borrower and the other Loan Parties, the Administrative Agent and the Requisite Lenders;


 


(ii)         all
other fees and other amounts due and payable on or prior to the date hereof, including reimbursement or payment of all reasonable and
documented out-of-pocket expenses (including fees and reasonable and documented out-of-pocket expenses of counsel for the Administrative
Agent) required to be reimbursed or paid by the Borrower in connection with this Amendment; and


 


(iii)        a
copy of a duly executed amendment to each of the Five-Year Term Loan Agreement and the Capital One Term Loan Agreement, consistent with
the modifications contemplated hereby.


 


(b)          In
the good faith and reasonable judgment of the Administrative Agent, the Borrower and each other Loan Party shall have provided (i) all
information requested by the Administrative Agent and each Lender in order to comply with applicable “know your customer”
and anti-money laundering rules and regulations, including without limitation, the Patriot Act and (ii) to the extent the Borrower
qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in
relation to the Borrower.


 


The Administrative Agent shall
notify in writing the Borrower and the Lenders of the effectiveness of this Amendment, and such notice shall be conclusive and binding.


 


4.            [Intentionally
Omitted].


 


5.            Representations
and Warranties. The Borrower and the Parent Guarantor each hereby certifies that: (a) no Default or Event of Default exists
as of the date hereof or would exist immediately, in each case, after giving effect to this Amendment; (b) the representations and
warranties made or deemed made by the Borrower or any other Loan Party in any Loan Document to which such Loan Party is a party are true
and correct in all material respects (unless any such representation and warranty is qualified by materiality, in which event such representation
and warranty is true and correct in all respects) on and as of the date hereof, except to the extent that such representations and
warranties expressly relate solely to an earlier date (in which case such representations and warranties were true and correct in all
material respects (unless any such representation and warranty is qualified by materiality, in which event such representation and warranty
was true and correct in all respects) on and as of such earlier date) and except for changes in factual circumstances permitted under
the Loan Documents; (c) no consent, approval, order or authorization of, or registration or filing with, any third party (other
than any required filing with the SEC, which the Borrower agrees to file in a timely manner or filings or recordations required in connection
with the perfection of any Lien on the Collateral in favor of the Administrative Agent) is required in connection with the execution,
delivery and carrying out of this Amendment or, if required, has been obtained; and (d) this Amendment has been duly authorized,
executed and delivered so that it constitutes the legal, valid and binding obligation of the Borrower and the Parent Guarantor, enforceable
in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, and other similar laws affecting the rights
of creditors generally and the availability of equitable remedies for the enforcement of certain obligations contained herein and as
may be limited by equitable principles generally. The Borrower and the Parent Guarantor each confirms that the Obligations remain outstanding
without defense, set off, counterclaim, discount or charge of any kind as of the date of this Amendment. Except as expressly provided
herein, this Amendment shall not constitute an amendment, waiver, consent or release with respect to any provision of any Loan Document,
a waiver of any default or Event of Default under any Loan Document, or a waiver or release of any of the Lenders’ or the Administrative
Agent's rights and remedies (all of which are hereby reserved).


 






    7 


     


    

 


6.            [Intentionally
Omitted].


 


7.            Ratification.
Without in any way establishing a course of dealing by the Administrative Agent or any Lender, the Borrower, the Parent Guarantor and
each Subsidiary Guarantor each hereby reaffirms and confirms its obligations under the Amended Credit Agreement, the Guaranty (solely
with respect to the Parent Guarantor and the Subsidiary Guarantors) and the other Loan Documents to which it is a party and each and every
such Loan Document executed by the undersigned in connection with the Existing Credit Agreement remains in full force and effect and is
hereby reaffirmed, ratified and confirmed. This Amendment is not intended to and shall not constitute a novation. All references to the
Existing Credit Agreement contained in the above-referenced documents shall be a reference to the Amended Credit Agreement and as
the same may from time to time hereafter be amended, restated, supplemented or otherwise modified.


 


8.            GOVERNING
LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS
EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE.


 


9.            Counterparts.
To facilitate execution, this Amendment and any amendments, waivers, consents or supplements may be executed in any number of counterparts
as may be convenient or required. It shall not be necessary that the signature of, or on behalf of, each party, or that the signature
of all persons required to bind any party, appear on each counterpart. All counterparts shall collectively constitute a single document.
It shall not be necessary in making proof of this document to produce or account for more than a single counterpart containing the respective
signatures of, or on behalf of, each of the parties hereto.


 


10.          Headings.
The headings of this Amendment are provided for convenience of reference only and shall not affect its construction or interpretation.


 



    8 


     


    




 



 


11.            Miscellaneous.
This Amendment shall constitute a Loan Document under the Amended Credit Agreement. This Amendment expresses the entire understanding
of the parties with respect to the transactions contemplated hereby. No prior negotiations or discussions shall limit, modify, or otherwise
affect the provisions hereof. Any determination that any provision of this Amendment or any application hereof is invalid, illegal, or
unenforceable in any respect and in any instance shall not affect the validity, legality, or enforceability of such provision in any other
instance, or the validity, legality, or enforceability of any other provisions of this Amendment. Each of the Borrower and the Parent
Guarantor represents and warrants that it has consulted with independent legal counsel of its selection in connection herewith and is
not relying on any representations or warranties of the Administrative Agent or its counsel in entering into this Amendment.


 


12.            Waiver
of Jury Trial. The terms and provisions of Section 17 of the Existing Credit Agreement are incorporated herein by reference,
mutatis mutandis, as though fully set forth herein, and the parties hereto agree to such terms.


 


REST OF PAGE INTENTIONALLY LEFT BLANK


 






    9


    


    

 


IN WITNESS WHEREOF, the parties
hereto have caused this Amendment to be duly executed and delivered by their authorized officers all as of the day and year first above
written.


 





	 	BORROWER:
	 	 
	 	RLJ LODGING TRUST, L.P.,
	 	a Delaware limited partnership



 





	 	By:	RLJ Lodging Trust,
	 	 	a Maryland real estate investment trust,
	 	 	its sole general partner



 


	 	 	By:	/s/ Leslie D. Hale






	 	 	Name:	Leslie D. Hale






	 	 	Title:	President and Chief Executive Officer



 


		PARENT GUARANTOR:
	 	 
	 	RLJ LODGING TRUST,
	 	a Maryland real estate investment trust



 





	 	By:	/s/ Leslie D. Hale
	 	 	Name: Leslie D. Hale
	 	 	Title: President and Chief Executive Officer




 








		SUBSIDIARY GUARANTORS:
	 	 
	 	RLJ III – C BUCKHEAD, INC.,
	 	a Texas corporation



 





	 	By:	/s/ Leslie D. Hale
	 	 	Name: Leslie D. Hale
	 	 	Title: President and Treasurer








 


		RLJ III – EM WEST PALM BEACH, INC.,
	 	a Texas corporation



 





	 	By:	/s/ Leslie D. Hale
	 	 	Name: Leslie D. Hale
	 	 	Title: President and Treasurer




 







    


    


    

 


















		RLJ III – MH DENVER AIRPORT, INC.,
	 	a Delaware corporation



 





	 	By:	/s/ Leslie D. Hale
	 	 	Name: Leslie D. Hale
	 	 	Title: President and Treasurer




 










		EACH OF THE SUBSIDIARY GUARANTORS LISTED ON ANNEX I HERETO



 





	 	By:	RLJ LODGING TRUST, L.P.,
	 	a Delaware limited partnership, the direct or indirect holder of all controlling interests in such Subsidiary Guarantor



 


		By:	RLJ LODGING TRUST, a Maryland real estate investment trust, its sole general partner




 


	 	By:	/s/ Leslie D. Hale
	 	 	Name: Leslie D. Hale
	 	 	Title: President and Chief Executive Officer




 


[Signatures
Continued on Next Page]


 






    


    


    

 





		WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, a Lender, a Swingline Lender and an Issuing
  Bank




 


	 	By:	/s/ Daniel S. Dyer






	 	Name:	Daniel S. Dyer






	 	Title:	Director




 






    


    


    


 


	 	PNC BANK, NATIONAL ASSOCIATION, as Lender, as Syndication Agent with respect to Tranche A-2 Term Loan Facility and as Documentarian Agent with respect to the Revolving Credit Facility
	 	 
	 	By:	 /s/ Katie Chowdhry
	 	Name:	Katie Chowdhry
	 	Title:	Senior Vice President




 






     


     


    

 





	 	BANK OF AMERICA, N.A., as a Lender and as Syndication Agent
	 	 
	 	By:	/s/ Suzanne E. Pickett
	 	Name:	Suzanne E. Pickett
	 	Title:	Senior Vice President




 






     


     


    

 





	 	BBVA USA, as Lender
	 	 
	 	By:	 /s/ Don Byerly
	 	Name:	 Don Byerly
	 	Title:	Executive Vice President




 









     


     


    

 


	 	TD BANK N.A., as a Lender and as Documentation Agent
	 	 
	 	By:	 /s/ John Howell
	 	Name:	John Howell
	 	Title:	Vice President




 






     


     


    

 





	 	CAPITOL ONE, NATIONAL ASSOCATION, as a Revolving Credit Lender, as a Tranche A-1 Term Loan Lender, and as a Tranche A-2 Term Loan Lender
	 	 
	 	By:	 /s/ Jessica W. Phillips
	 	Name:	Jessica W. Phillips
	 	Title:	Authorized Signatory




 









     


     


    

 


	 	REGIONS BANK, as a Syndication Agent and as a Lender
	 	 
	 	By:	 /s/ Ghi S. Gavin
	 	Name:	Ghi S. Gavin
	 	Title:	Senior Vice President




 









     


     


    

 


	 	SUMITOMO MITSUI BANKING CORPORATION, as a Lender
	 	 
	 	By:	/s/ Jane Pedreira
	 	Name:	 Jane Pedreira
	 	Title:	Director




 






     


     


    

 





	 	TRUIST BANK, f/k/a BRANCH
BANKING AND TRUST COMPANY, as Lender
	 	 
	 	By:	/s/ Ryan Almond
	 	Name:	 Ryan Almond
	 	Title:	Director


 






     


     


    

 





	 	THE BANK OF NOVA SCOTIA,
as a Lender
	 	 
	 	By:	/s/ Ajit Goswami
	 	Name:	 Ajit Goswami
	 	Title:	Managing Director & Industry Head


 






     


     


    

 


	 	ROYAL BANK OF CANADA,
as a Lender
	 	 
	 	By:	/s/ Jake Sigmund
	 	Name:	Jake Sigmund
	 	Title:	Authorized Signatory




 






     


     


    

 


	 	RAYMOND JAMES BANK, as
a Lender
	 	 
	 	By:	/s/ James Armstrong
	 	Name:	James Armstrong
	 	Title:	SVP Raymond James Bank



  






    


    


    

  


ANNEX I


 


	
     

     
	
     

    Subsidiary
    GuarantorS

     

	1.	RLJ C Charleston HD, LLC
	2.	RLJ C HOUSTON HUMBLE, LP
	3.	RLJ C NY Upper Eastside, LLC
	4.	RLJ C PORTLAND DT, LLC
	5.	RLJ C WAIKIKI, LLC
	6.	RLJ CABANA MIAMI BEACH, LLC
	7.	RLJ DBT KEY WEST, LLC
	8.	RLJ EM IRVINE, LP
	9.	RLJ EM Waltham, LLC
	10.	RLJ HGN Emeryville, LP
	11.	RLJ HP Fremont, LP
	12.	RLJ HY ATLANTA MIDTOWN, LLC
	13.	RLJ HyH San Diego, LP
	14.	RLJ HyH San Jose, LP
	15.	RLJ HyH San Ramon, LP
	16.	RLJ HyH Woodlands, LP
	17.	RLJ II – C MIDWAY, LLC
	18.	RLJ II – F CHERRY CREEK, LLC 
	19.	RLJ II – F KEY WEST, LLC
	20.	RLJ II – F MIDWAY, LLC
	21.	RLJ II – HA GARDEN CITY, LLC 
	22.	RLJ II – HA MIDWAY, LLC
	23.	RLJ II – HG MIDWAY, LLC 
	24.	RLJ II - HOLX Midway, LLC
	25.	RLJ II – INDY CAPITOL HOTELS, LLC
	26.	RLJ II – MH DENVER S, LLC
	27.	RLJ II – MH MIDWAY, LLC
	28.	RLJ II – R HOUSTON GALLERIA, LP
	29.	RLJ II – R LOUISVILLE DT KY, LLC 
	30.	RLJ II – R MERRILLVILLE, LLC 
	31.	RLJ II – RH BOULDER, LLC
	32.	RLJ II – RH PLANTATION, LLC 
	33.	RLJ II – S WESTMINSTER, LLC
	34.	RLJ II – SLE MIDWAY, LLC
	35.	RLJ III – DBT Metropolitan Manhattan, LP



 






    Annex I-1


    


    

 


	36.	RLJ III – EM Fort Myers, LLC
	37.	RLJ III – EM Tampa DT, LLC
	38.	RLJ III – HG New Orleans Convention Center, LLC
	39.	RLJ III – HGN Hollywood, LP
	40.	RLJ III – HGN Pittsburgh, LP
	41.	RLJ III – R National Harbor, LLC
	42.	RLJ III – St. Charles Ave Hotel, LLC
	43.	RLJ R Atlanta Midtown, LLC
	44.	RLJ R HOUSTON HUMBLE, LP
	45.	RLJ S Hillsboro, LLC
	46.	RLJ C San francisco, lp
	47.	rlj hp washington dc, llc
	48.	rlj s houston humble, lp
	49.	RLJ C HOUSTON HUMBLE GENERAL PARTNER, LLC
	50.	RLJ EM IRVINE GENERAL PARTNER, LLC
	51.	RLJ HP FREMONT GENERAL PARTNER, LLC
	52.	RLJ HYH SAN DIEGO GENERAL PARTNER, LLC
	53.	RLJ HYH SAN JOSE GENERAL PARTNER, LLC
	54.	RLJ HYH SAN RAMON GENERAL PARTNER, LLC
	55.	RLJ HYH WOODLANDS GENERAL PARTNER, LLC
	56.	RLJ II SENIOR MEZZANINE BORROWER, LLC
	57.	RLJ II JUNIOR MEZZANINE BORROWER, LLC
	58.	RLJ II – R HOUSTON GALLERIA GENERAL PARTNER, LLC
	59.	RLJ III – C BUCKHEAD PARENT, LLC
	60.	RLJ III – EM WEST PALM BEACH PARENT, LLC
	61.	RLJ III – HGN HOLLYWOOD GENERAL PARTNER, LLC
	62.	RLJ R HOUSTON HUMBLE GENERAL PARTNER, LLC
	63.	RLJ C SAN FRANCISCO GENERAL PARTNER, LLC
	64.	RLJ S HOUSTON HUMBLE GENERAL PARTNER, LLC
	65.	RLJ III – DBT MET MEZZ BORROWER, LP
	66.	RLJ III – DBT METROPOLITAN MANHATTAN GP, LLC
	67.	RLJ III – DBT MET MEZZ BORROWER GP, LLC
	68.	DBT MET HOTEL VENTURE, LP
	69.	DBT MET HOTEL VENTURE GP, LLC
	70.	RLJ III – DBT MET HOTEL PARTNER, LLC
	71.	RLJ HGN EMERYVILLE GENERAL PARTNER, LLC
	72.	RLJ III – HGN PITTSBURGH GENERAL PARTNER, LLC
	73.	RLJ II – CR AUSTIN DT, LP
	74.	RLJ II – CR AUSTIN DT GENERAL PARTNER, LLC
	75.	RLJ III – HS WASHINGTON DC, LLC
	76.	RLJ R BETHESDA, LLC
	77.	RLJ II – MH LOUISVILLE DT, LLC
	78.	RLJ III – MH DENVER AIRPORT PARENT, LLC
	79.	RLJ R LOS ALTOS, LP
	80.	RLJ R LOS ALTOS GENERAL PARTNER, LLC
	81.	RLJ HA ATLANTA MIDTOWN, LLC


 






    Annex I-2