Chatham Lodging Publishes 2023 Supplement to Corporate Responsibility Report

Rhea-AI Summary

Chatham Lodging Trust (NYSE: CLDT) has released its 2023 Corporate Responsibility Report supplement, highlighting several key developments. Firstly, the company has set 2030 environmental reduction targets aimed at sustainability. Additionally, it achieved positive results in its inaugural GRESB participation, indicating strong performance in environmental, social, and governance factors. Moreover, Chatham is committed to increasing its female representation on the Board of Trustees to at least 30% by 2025, currently standing at 29% overall and 33% among independent Trustees. The 2021 environmental data has also received third-party verification, enhancing credibility in its reporting. More information and materials can be accessed on the company’s website.

Positive

• Set 2030 environmental reduction targets.
• Positive results from inaugural GRESB participation.
• Commitment to increase female representation on the Board to 30% by 2025.
• Third-party verification of 2021 environmental data.

Negative

• None.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium-branded select-service hotels (“Chatham”), today announced the publication of a 2023 supplement to the 2021 Corporate Responsibility Report first published in June 2022. Highlights of the supplement include:

• Announcement of 2030 environmental reduction targets

• Positive results of inaugural GRESB participation

• Commitment to increase percentage of females on the Board of Trustees to no less than 30% by the end of 2025 (female representation is currently 29% of all Trustees and 33% of all independent Trustees)

• Third-party verification of 2021 environmental data

The company’s 2023 Supplement to its Corporate Responsibility Report and other ESG-related materials can be found on the company’s website at https://chathamlodgingtrust.com/responsibility/.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,914 rooms/suites in 16 states and the District of Columbia. Additional information about Chatham may be found at chathamlodgingtrust.com.

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 about Chatham Lodging Trust, including those statements regarding acquisitions, capital expenditures, future operating results and the timing and composition of revenues, among others, and statements containing words such as “expects,” “believes” or “will,” which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results or performance to differ materially from those discussed in such statements. Additional risks are discussed in the company’s filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230425005293/en/

Dennis Craven (Company)

Chief Operating Officer

(561) 227-1386

Source: Chatham Lodging Trust

FAQ

What are the key highlights from Chatham Lodging Trust's 2023 Corporate Responsibility Report supplement?

Chatham Lodging Trust has set 2030 environmental reduction targets, achieved positive results in its inaugural GRESB participation, committed to increasing female board representation to 30% by 2025, and received third-party verification of its 2021 environmental data.

What is Chatham Lodging Trust's current female representation on the Board of Trustees?

Currently, female representation on the Board of Trustees stands at 29% overall and 33% among independent Trustees.

Where can I find more information about Chatham Lodging Trust's Corporate Responsibility initiatives?

More information and materials regarding Chatham Lodging Trust's Corporate Responsibility initiatives can be found on their website at https://chathamlodgingtrust.com/responsibility/.

When was the 2023 supplement to the Corporate Responsibility Report published?

The 2023 supplement to the Corporate Responsibility Report was published in April 2023.

What does GRESB participation signify for Chatham Lodging Trust?

GRESB participation signifies that Chatham Lodging Trust is being evaluated on its environmental, social, and governance performance, with positive results indicating strong management practices.