CLDT

Chatham Lodging Trust is a self-advised hotel investment trust investing primarily in premium-branded upscale extended-stay and select-service hotels. The REIT owns hotels operating under brands including Homewood Suites by Hilton, Residence Inn by Marriott, Courtyard by Marriott, Hampton Inn, Hilton Garden Inn, and SpringHill Suites. Chatham focuses on hotels serving business and leisure travelers in major metropolitan markets and high-growth secondary markets across the United States. The company generates revenues from room sales, food and beverage operations where applicable, and ancillary services. Founded in 2010 and headquartered in West Palm Beach, Florida, Chatham operates hotels primarily under long-term franchise agreements with Marriott, Hilton, and Hyatt. The REIT benefits from premium brands, upscale positioning, and select-service format with limited food and beverage operations providing attractive margins. Chatham was severely impacted by COVID-19 travel disruptions and has recovered through lodging industry recovery. The company faces hotel industry cyclicality, competition, labor cost inflation, and economic sensitivity. Chatham continues to focus on revenue optimization, operational efficiency, strategic property acquisitions and dispositions, and capital allocation.