Chatham Lodging Trust
NYSE:CLDT
Chatham Lodging Trust
Chatham Lodging Trust engages in the acquisition and investment in hotel properties. The company is headquartered in West Palm Beach, Florida and currently employs 17 full-time employees. The company went IPO on 2010-04-16. The firm primarily invest in upscale extended-stay service hotels. The company also invests in upscale or upper upscale all-suite hotels. All of the Company's assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). The firm owns approximately 41 hotels with an aggregate of 6,169 rooms located in 16 states and the District of Columbia. The firm's hotels included upscale extended-stay hotels that operate under the Residence Inn by Marriott brand, Homewood Suites by Hilton brand and the TownePlace Suites by Marriott brand, as well as premium-branded select service hotels that operate under the Courtyard by Marriott brand, the Hampton Inn or Hampton Inn and Suites by Hilton brand, the Hilton Garden Inn by Hilton brand, the SpringHill Suites by Marriott brand, the Hyatt Place brand, and all-suite hotels that operate under the upper scale Embassy Suites brand.
Chatham Lodging Trust engages in the acquisition and investment in hotel properties. The company is headquartered in West Palm Beach, Florida and currently employs 17 full-time employees. The company went IPO on 2010-04-16. The firm primarily invest in upscale extended-stay service hotels. The company also invests in upscale or upper upscale all-suite hotels. All of the Company's assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). The firm owns approximately 41 hotels with an aggregate of 6,169 rooms located in 16 states and the District of Columbia. The firm's hotels included upscale extended-stay hotels that operate under the Residence Inn by Marriott brand, Homewood Suites by Hilton brand and the TownePlace Suites by Marriott brand, as well as premium-branded select service hotels that operate under the Courtyard by Marriott brand, the Hampton Inn or Hampton Inn and Suites by Hilton brand, the Hilton Garden Inn by Hilton brand, the SpringHill Suites by Marriott brand, the Hyatt Place brand, and all-suite hotels that operate under the upper scale Embassy Suites brand.
Operational Outperformance: Chatham beat industry RevPAR for the fourth consecutive year and achieved the highest operating margins in the sector, despite flat RevPAR and industry volatility.
Expense Control: The company limited GOP margin decline to just 20 basis points for the year and 30 basis points in Q4, with labor and benefit costs actually dropping slightly even as wages rose.
Asset Sales & Buybacks: Chatham sold four older hotels in 2025 for $71.4 million and repurchased about 1.8 million shares at an average price of $6.87, strongly favoring buybacks for capital allocation.
Strong Balance Sheet: Net debt was reduced by $70 million, leverage dropped to 20% (from 35% in 2019), and the company boasts its highest-ever liquidity.
2026 Guidance: Full-year RevPAR is expected between -0.5% and +1.5%, with adjusted EBITDA of $84–89 million and adjusted FFO per share of $1.04–$1.14. Q1 will be the toughest comp, with improvement expected over the year.
Margin Resilience: Hotel EBITDA margins grew by 70 bps in Q4, aided by property tax refunds, and management expects further stability as wage pressures moderate.
Shareholder Returns: The dividend was raised by 28% in 2025, and total returns to shareholders (dividends and buybacks) reached $35 million.
