People: Chatham Lodging Trust (CLDT.N)
CLDT.N on New York Stock Exchange
17.50USD
1 Aug 2013
17.50USD
1 Aug 2013
Price Change (% chg)
$0.04 (+0.23%)
$0.04 (+0.23%)
Prev Close
$17.46
$17.46
Open
$17.62
$17.62
Day's High
$17.69
$17.69
Day's Low
$17.22
$17.22
Volume
26,701
26,701
Avg. Vol
46,041
46,041
52-wk High
$19.94
$19.94
52-wk Low
$12.75
$12.75
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Jeffrey Fisher |
56 | Chairman of the Board of Trustees, President, Chief Executive Officer | |
Dennis Craven |
40 | 2010 | Chief Financial Officer, Executive Vice President |
Peter Willis |
44 | Chief Investment Officer, Executive Vice President | |
Miles Berger |
82 | Independent Trustee | |
Thomas Crocker |
58 | Independent Trustee | |
Jack DeBoer |
81 | Independent Trustee | |
Glen Gilbert |
67 | Independent Trustee | |
C. Gerald Goldsmith |
83 | Independent Trustee | |
Robert Perlmutter |
51 | Independent Trustee | |
Rolf Ruhfus |
67 | Independent Trustee | |
Joel Zemans |
70 | Independent Trustee |
Biographies
| Name | Description |
|---|---|
Jeffrey Fisher |
Mr. Jeffrey H. Fisher is Chairman of the Board of Trustees, President, Chief Executive Officer of Chatham Lodging Trust. Mr. Fisher is also the majority shareholder of Island Hospitality Management Inc. (“IHM”), a firm he founded in 2007 that as of March 30, 2012 currently manages 77 hotels for hotel owners (including 63 of the 64 hotels acquired by the Chatham/Cerberus joint venture from Innkeepers, as that term is hereinafter discussed) and ten (10) of hotels. From 1994 to 2007, Mr. Fisher was chairman, chief executive officer and president of Innkeepers USA Trust (“Innkeepers”), a lodging REIT he founded and took public in 1994 and was also chairman and majority shareholder of Innkeepers Hospitality, a privately owned hotel management company. Mr. Fisher grew Innkeepers’ portfolio from seven hotels at the time of its initial public offering to 74 hotels at the time of its sale in June of 2007 to an institutional investor at a total enterprise value of $1.5 billion. Between 1986 and 1994, he served as President and Chief Executive Officer of JF Hotel Management, Inc. Mr. Fisher received a Bachelor of Science degree in Business Administration from Syracuse University in 1977, a Doctor of Jurisprudence degree from Nova Southeastern University in 1980, and a Masters of Law in Taxation from the University of Miami in 1981. He is a licensed attorney and practiced at Jones & Foster P.A. and Jeffrey H. Fisher P.A. for a total of five years prior to starting his career in the hospitality industry. Additionally, Mr. Fisher currently serves as a Board Member of Marriott’s The Residence Inn Association (TRIA). |
Dennis Craven |
Mr. Dennis M. Craven is Chief Financial Officer, Executive Vice President of Chatham Lodging Trust. Mr. Craven previously served as executive vice president and chief financial officer of Innkeepers from March 2006 until the acquisition of Innkeepers in June 2007. Following the acquisition, he continued to serve as chief financial officer of Innkeepers until August 2010. Prior to joining Innkeepers in 2006, Mr. Craven was a partner in Addison Capital Advisors, a venture capital firm based in Memphis, Tennessee, and served as senior vice president and chief accounting officer of Independent Bank in Memphis. Prior to that, he served as vice president and controller, and later vice president and chief accounting officer, of RFS Hotel Investors, Inc., a NYSE-listed hotel REIT. Prior to joining RFS, he was a senior manager with PricewaterhouseCoopers LLP in Memphis and London. Mr. Craven received a Bachelor of Accountancy from the University of Mississippi in 1993. He is a licensed Certified Public Accountant in the State of Mississippi. |
Peter Willis |
Mr. Peter Willis is Chief Investment Officer, Executive Vice President of Chatham Lodging Trust. He joined Company in October 2009 prior to initial public offering. Mr. Willis has over 22 years of hotel acquisition experience. From 2001 to 2006, he served as Vice President of Acquisitions & Business Development for Innkeepers and oversaw over $500 million of investments in 18 hotels. From June 2006 to January 2009, Mr. Willis served as Senior Vice President at The Kor Group, a privately held, fully integrated real estate investment firm with a portfolio of over $2 billion in upscale hotel and resort investments, where he focused on U.S. and Caribbean acquisitions and third-party management contracts. While evaluating, negotiating and underwriting specific hotel investments and obtaining and negotiating management contract prospects, Mr. Willis also supported strategic acquisition and corporate planning efforts. Mr. Willis also held positions with an industry firm supporting the opening of luxury hotels. Establishing the organization’s first international operation in the Asia/Pacific region in 1994, he directed the repositioning and opening of properties throughout the region and in the United States. By 2001, Mr. Willis led overall strategic planning, business development and investor relations, as well as integrating acquisitions among the firm’s operating entities. Mr. Willis began as an analyst and asset manager of hotel, residential and commercial properties for Japanese investment firm JDC America in Tokyo and in the United States. Mr. Willis received a Bachelor of Science in Business Administration from the University of Florida in 1989 and has completed professional programs at Cornell University’s Hotel School and Obirin University in Tokyo. |
Miles Berger |
Mr. Miles L. Berger is Independent Trustee of Chatham Lodging Trust. Mr. Berger has been engaged in real estate, banking and financial services since 1950. In 1998, Mr. Berger became Chairman and Chief Executive Officer of Berger Management Services LLC, a real estate and financial consulting and advisory services company. From 1969 to 1998, he served as Vice Chairman of the Board of Heitman Financial Ltd., a real estate investment management firm. Mr. Berger served for more than thirty years, until 2001, as Chairman of the Board of MidTown Bank and Trust Company of Chicago, served as Vice Chairman of Columbia National Bank Corp. from 1965-1995 and was Chairman of the Board of Berger Financial Services, a full-service real estate advisory and financial services company from 1950 to 2006. Mr. Berger has served on the Board of Trustees of Universal Health Realty Income Trust, a publicly traded health care REIT, since December 1998. Mr. Berger also serves on the Board of Directors of Medallion Bank and serves on the boards of numerous philanthropic organizations. Mr. Berger previously served on the Board of Trustees of Innkeepers from September 1994 until Innkeepers’ sale in June 2007. |
Thomas Crocker |
Mr. Thomas J. Crocker is Independent Trustee of Chatham Lodging Trust. Mr. Crocker is Chief Executive Officer and principal investor of Crocker Partners, LLC, a privately-held real estate investment company, which is the general partner of a real estate private equity fund, Crocker Partners IV, L.P. Mr. Crocker was previously the Chief Executive Officer of CRT Properties, Inc. (formerly known as Koger Equity, Inc.), until its sale in September 2005. CRT Properties, Inc. was a NYSE listed REIT which owned or had interests in more than 137 office buildings, containing 11.7 million rentable square feet, primarily located in 25 suburban and urban office projects in 12 metropolitan areas in the Southeastern United States, Maryland and Texas. Prior to joining Koger Equity, Inc. in March 2000, Mr. Crocker was Chairman of the Board and Chief Executive Officer of Crocker Realty Trust, Inc., a privately-held REIT, which owned and operated approximately 6.2 million square feet in 133 office buildings located in six states in the Southeast, plus more than 125 acres of developable land. Previously, Mr. Crocker was Chairman of the Board and Chief Executive Officer of Crocker Realty Trust, Inc., which was an office-based publicly-held REIT in the southeast U.S., from that company’s inception until June 1996, when it merged with Highwoods Properties, a publicly-held REIT. Prior to forming Crocker Realty Trust, Inc., Mr. Crocker headed Crocker & Co., a privately-held firm responsible for development, leasing and property management services to approximately 1.7 million square feet of commercial property and 272 residential units. Prior to 1984, Mr. Crocker was a real estate lending officer at Chemical Bank. Mr. Crocker previously served on the Board of Trustees of Innkeepers from February 1997 until Innkeepers’ sale in June 2007. |
Jack DeBoer |
Mr. Jack P. DeBoer is Independent Trustee of Chatham Lodging Trust. Mr. DeBoer is Chairman of Consolidated Holdings, Inc., a private investment company focusing on real estate development and management. Mr. DeBoer is also the Chairman of the Board and majority owner of Value Place LLC, owner of the franchise rights to the Value Place brand of hotels, which provides affordable extended-stay lodging. Mr. DeBoer served as Chairman of the Board, President and Chief Executive Officer of Candlewood Hotel Company, Inc. from its inception in 1995 until it was acquired in December 2003. From October 1993 to September 1995, Mr. DeBoer was self-employed and engaged in the development of the Candlewood extended-stay hotel concept. From 1988 to 1993, Mr. DeBoer co-founded and developed Summerfield Hotel Corporation, an upscale extended-stay hotel chain. Previously, Mr. DeBoer founded and developed the Residence Inn franchise prior to selling the franchise to Marriott in 1987. Mr. DeBoer previously served on the Board of Trustees of Innkeepers from November 1996 until Innkeepers’ sale in June 2007. |
Glen Gilbert |
Mr. Glen R. Gilbert is Independent Trustee of Chatham Lodging Trust. Mr. Gilbert was employed by BFC Financial Corporation, a publicly-traded savings bank and real estate holding company, from November 1980 through April 2011. During that period, Mr. Gilbert served in several senior management positions, including as Chief Financial Officer from May 1987 to April 2007 and as Executive Vice President from July 1997 to April 2007. Mr. Gilbert also served as Senior Executive Vice President for Levitt Corporation, a then publicly-traded home builder and real estate developer, from August 2004 to December 2005, after serving as its Chief Financial Officer and Executive Vice President from April 1997 to August 2004. Mr. Gilbert has also held various executive and chief financial officer positions for other entities related to BFC Financial Corporation. Mr. Gilbert was a certified public accountant from 1970 through 2008 and graduated from the University of Florida with a B.S.B.A. degree in accounting. Mr. Gilbert began his accounting career with KPMG LLP in 1970. |
C. Gerald Goldsmith |
Mr. C. Gerald Goldsmith is Independent Trustee of Chatham Lodging Trust. Mr. Goldsmith has been an independent investor and financial advisor since 1976. He is currently Chairman of the Board of First Bank of the Palm Beaches, a community bank in Palm Beach County, Florida, and Chairman of Property Corp. International, a private real estate investment company. He has served as a director of several banks and NYSE-listed companies and various philanthropic organizations. He holds an A.B. from the University of Michigan and an M.B.A. from Harvard Business School. Mr. Goldsmith previously served on the Board of Trustees of Innkeepers from September 1994 until Innkeepers’ sale in June 2007. |
Robert Perlmutter |
Mr. Robert D. Perlmutter is Independent Trustee of Chatham Lodging Trust. Mr. Perlmutter was the managing member and founder of Davis Street Land Company, LLC, a privately held firm focused on the development, management and ownership of upscale shopping centers, which owned 3.0 million square foot mall portfolio prior to its sale of assets to General Growth Properties and Taubman Centers. Mr. Perlmutter will join Macerich as executive vice president later in April 2012 and will focus on leasing and merchandising once he relocates to Santa Monica, Calif., from Chicago. From 1983 to 1988, Mr. Perlmutter worked as an investment analyst for Heitman Financial Services, Ltd. in its acquisitions and dispositions division. From 1988 to 1990, he served as Heitman Financial’s President, a capacity in which he was responsible for overseeing all of its acquisitions, financings and dispositions. Mr. Perlmutter subsequently served as Chief Executive Officer of Chicago-based Heitman Retail Properties from 1990 to 1998, where he supervised overall operations and growth of its retail holdings from two retail properties to twenty directly managed malls and twenty-nine joint ventures in regional malls. From 1998 to 2001, he also served on the board of directors of Prime Retail Inc., a NYSE-listed outlet center company. He is a member of the International Council of Shopping Centers and a board member of the First Bank of Highland Park. Mr. Perlmutter received a Bachelor of Sciences degree in business administration, with a concentration in real estate, from the University of Colorado. |
Rolf Ruhfus |
Mr. Rolf E. Ruhfus is Independent Trustee of Chatham Lodging Trust. Mr. Ruhfus is Chairman and Chief Executive Officer of LodgeWorks Corporation, a hotel development and management company, which owns the Hotel Sierra and AVIA hotel brands. Mr. Ruhfus also serves as Chairman and Chief Executive Officer of Wichita Consulting Company, L.P., a consulting services company. Previously, Mr. Ruhfus served as the Chairman and Chief Executive Officer of Summerfield Hotel Corporation, an upscale extended-stay hotel chain, from its founding in 1988 until its sale to Wyndham International, Inc. in 1998. Mr. Ruhfus served as President of the Residence Inn Company from February 1983 through July 1987 (when it was acquired by Marriott International, Inc.). Mr. Ruhfus joined the Residence Inn Company after spending four years as Director of Marketing for VARTA Battery, Europe’s battery manufacturer. Prior to this position, he was a management consultant for McKinsey and Company in its Dusseldorf, Germany office. Mr. Ruhfus was a German Air Force Lieutenant and received a bachelor’s degree from Western Michigan University in 1968. His graduate degrees include an M.B.A. from the Wharton School at the University of Pennsylvania in 1971 and a Ph.D. in marketing from the University of Muenster in 1974. Mr. Ruhfus is a member of the international chapter of The Young Presidents Organization and serves on the board of several European companies. Mr. Ruhfus previously served on the Board of Trustees of Innkeepers from July 1997 until Innkeepers’ sale in June 2007. |
Joel Zemans |
Mr. Joel F. Zemans is Independent Trustee of Chatham Lodging Trust. Mr. Zemans has been active in the ownership and operation of real estate and banks since 1969. From 1971 through 1976, he served as Executive Vice President (and through 1984 as a Director) of Chicago Properties Corporation, a real estate development company that specialized in the rehabilitation of multi-unit residential properties in Chicago. Between 1976 and 2001, Mr. Zemans served as Chief Executive Officer of de novo Mid Town Bancorp, Inc. and its three subsidiaries: Mid Town Bank and Trust Company of Chicago, Mid Town Development Corporation and Equitable Finance Corporation. Currently he serves on the Board of Directors of privately held Bright Electric Supply, and MBA Building Supplies. Mr. Zemans, who holds both a B.A. and an M.B.A. from the University of Chicago, previously served on the Board of Trustees of Innkeepers from November 2001 until Innkeepers’ sale in June 2007, and on the Board of Mid America Bank, a subsidiary of MAF Bancorp, Inc. (NASDAQ) from 2001 to 2004. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Jeffrey Fisher |
850,000 |
Dennis Craven |
485,000 |
Peter Willis |
485,000 |
Miles Berger |
-- |
Thomas Crocker |
-- |
Jack DeBoer |
-- |
Glen Gilbert |
-- |
C. Gerald Goldsmith |
-- |
Robert Perlmutter |
-- |
Rolf Ruhfus |
-- |
Joel Zemans |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Jeffrey Fisher |
0 | 0 |
Dennis Craven |
0 | 0 |
Peter Willis |
0 | 0 |
Miles Berger |
0 | 0 |
Thomas Crocker |
0 | 0 |
Jack DeBoer |
0 | 0 |
Glen Gilbert |
0 | 0 |
C. Gerald Goldsmith |
0 | 0 |
Robert Perlmutter |
0 | 0 |
Rolf Ruhfus |
0 | 0 |
Joel Zemans |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
FISHER JEFFREY H |
250 | $18.44 |
WILLIS PETER |
7,852 | $0.00 |
FISHER JEFFREY H |
23,555 | $0.00 |
CRAVEN DENNIS M |
9,422 | $0.00 |
GOLDSMITH CHARLES GERALD |
2,504 | $14.98 |
CRAVEN DENNIS M |
4,092 | $14.82 |
BERGER MILES L |
2,504 | $14.98 |
CROCKER THOMAS J |
2,504 | $14.98 |
FISHER JEFFREY H |
10,229 | $14.82 |
RUHFUS ROLF E |
2,504 | $14.98 |
ZEMANS JOEL F |
2,504 | $14.98 |
WILLIS PETER |
3,410 | $14.82 |
DEBOER JACK P |
2,504 | $14.98 |
PERLMUTTER ROBERT D |
5,008 | $14.98 |
GILBERT GLEN R |
2,504 | $14.98 |
FISHER JEFFREY H |
1,700 | $14.00 |
WILLIS PETER |
1,500 | $12.89 |
CRAVEN DENNIS M |
1,500 | $13.05 |
FISHER JEFFREY H |
5,000 | $13.21 |
CRAVEN DENNIS M |
12,275 | $0.00 |
FISHER JEFFREY H |
30,688 | $0.00 |
WILLIS PETER |
10,229 | $0.00 |
ZEMANS JOEL F |
3,449 | $10.87 |
GILBERT GLEN R |
3,449 | $10.87 |
GOLDSMITH CHARLES GERALD |
3,449 | $10.87 |

