Key Developments: Chatham Lodging Trust (CLDT.N)

CLDT.N on New York Stock Exchange

29.35USD
18 Dec 2014
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$-0.04 (-0.14%)
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Latest Key Developments (Source: Significant Developments)

Chatham Lodging Trust announces monthly dividend
Wednesday, 10 Dec 2014 08:50am EST 

Chatham Lodging Trust:Declared monthly common share dividend of $0.08 for Dec. 2014.Common dividend is payable Jan. 30, 2015 to shareholders of record on Dec. 31, 2014.  Full Article

Chatham Lodging Trust completes Inland American acquisitions and acquires four strategic hotels
Tuesday, 18 Nov 2014 08:30am EST 

Chatham Lodging Trust:Completes acquisition of a 52-hotel, 6,976-room portfolio from Inland American (Inland).Combined total purchase price was about $1.1 bln, before deal costs and funding of escrows.Acquires four hotels as part of the sale of the 52-hotel portfolio for a purchase price of $106.7 mln, or about $186,000 per room, before deal costs.  Full Article

Chatham Lodging announces monthly dividend
Monday, 10 Nov 2014 08:50am EST 

Chatham Lodging Trust:Declares monthly common share dividend of $0.08 for Nov. 2014.The common dividend is payable Dec. 26.Says to shareholders of record on Nov. 28.  Full Article

Chatham Lodging Trust gives Q4 2014 RevPAR outlook; gives Q4 2014 mixed outlook; raises FY 2014 RevPAR, revenue, net income, EBITDA outlook; lowers high end of prior FY 2014 FFO outlook
Tuesday, 4 Nov 2014 07:45am EST 

Chatham Lodging Trust:Expects Q4 2014 RevPAR growth of +5.5-7.5 pct.Expects Q4 2014 total hotel revenue in the range of $52.0-$53.0 mln.Expects Q4 2014 net income (loss) in the range of $(0.4)-$0.4 mln.Expects Q4 2014 net income per diluted share of $(0.02)-$0.01.Expects Q4 2014 adjusted EBITDA in the range of $21.2-$22.0 mln.Expects Q4 2014 adjusted FFO per diluted share of $0.36-$0.39.Expects FY 2014 RevPAR growth of +8.2-8.7pct (prior range was +6.5-7.5 pct).Expects FY 2014 total hotel revenue in the range of $195.0-$196.0 mln (prior range was $187.6-$189.0 mln).Expects FY 2014 net income in the range of $71.4-$72.2 mln (prior range was $68.7-$70.0 mln).Expects FY 2014 net income per diluted share of $2.48-$2.51 ($2.56-$2.61).Expects FY 2014 adjusted EBITDA in the range of $84.6-$85.4 mln ($80.5-$82.0 mln).Expects FY 2014 adjusted FFO per diluted share of $1.91-$1.94 ($1.91-$1.96).Q4 2014 revenue of $48.4 mln, net income of $1.5 mln, EBITDA of $20.12 mln, FFO of $0.41 - Thomson Reuters I/B/E/S.FY 2014 revenue of $190.3 mln, net income of $72.80 mln, EBITDA of $82.06 mln, FFO of $1.93 - Thomson Reuters I/B/E/S.  Full Article

Chatham Lodging announces monthly dividend
Friday, 10 Oct 2014 08:50am EDT 

Chatham Lodging Trust:Declares a monthly common share dividend of $0.08.Payable on Nov. 28 to shareholders of record on Oct. 31.  Full Article

Chatham Lodging Trust prices public offering of common shares
Friday, 19 Sep 2014 09:05am EDT 

Chatham Lodging Trust:Priced its public offering of 6,000,000 common shares of beneficial interest, $0.01 par value per share, at a price to the public of $21.85 for total gross proceeds of $131,100,000, prior to underwriting discounts and offering expenses.Offering is expected to close on Sept. 24.Granted the underwriters a 30-day option to purchase up to an additional 900,000 common shares.Barclays, BofA Merrill Lynch and UBS Investment Bank are acting as joint book-running managers for the offering.Baird, Credit Agricole CIB, Piper Jaffray and Stifel are acting as senior co-managers.Contribute the net proceeds of this offering to its operating partnership in exchange for common units of limited partnership interest in the operating partnership.  Full Article

Chatham Lodging Trust launches public offering of common shares
Thursday, 18 Sep 2014 04:17pm EDT 

Chatham Lodging Trust:Says that it is offering 5,000,000 common shares of beneficial interest, $0.01 par value per share, in a public offering.Expects to grant the underwriters a 30-day option to purchase up to an additional 750,000 common shares.Barclays, BofA Merrill Lynch and UBS Investment Bank are acting as joint book-running managers for the offering.  Full Article

Chatham Lodging Trust announces multiple hotel investments
Thursday, 18 Sep 2014 08:00am EDT 

Chatham Lodging Trust:Says it has acquired the recently re-opened 194-room Hyatt Place Denver/Cherry Creek for $32 mln, or about $165,000 per room.Says it has entered into a definitive agreement to acquire, through a joint venture with NorthStar Realty Finance, a $1.1 bln hotel portfolio from Inland American Real Estate Trust.Portfolio transactions are expected to close in the Q4 2014.Joint venture will be a 90/10 joint venture between NorthStar and Chatham.Chatham funded the purchase of the Hyatt Place Denver/Cherry Creek with available cash and borrowings on its secured revolving credit facility.Chatham expects to fund its investment in the Inland American joint venture with available cash and borrowings on its secured revolving credit facility.  Full Article

Chatham Lodging Trust announces Sept. dividend
Wednesday, 10 Sep 2014 08:45am EDT 

Chatham Lodging Trust:Declared monthly common share dividend of $0.08 for Sept. 2014.Says common dividend is payable Oct. 31 to shareholders of record on Sept. 30.  Full Article

Chatham Lodging Trust announces monthly dividend
Friday, 8 Aug 2014 08:50am EDT 

Chatham Lodging Trust:Declares monthly common share dividend of $0.08 for Aug. 2014.Common dividend is payable Sept. 26, to shareholders of record on Aug. 29.  Full Article

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