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Chatham Lodging Trust (CLDT) is a publicly traded real estate investment trust (REIT) based in the United States, specializing in owning upscale extended-stay hotels. Chatham's portfolio spans across key states such as California, New York, Texas, Florida, Minnesota, Massachusetts, and Pennsylvania, among others. The firm's mission is to strategically invest in high-quality extended-stay hotels that promise superior returns.
All of Chatham's assets are held and operated by its Operating Partnership, Chatham Lodging, LP. This partnership, along with its subsidiaries, is responsible for leasing and managing the entire portfolio of hotels under the Chatham banner. The company operates through a single segment due to the uniform economic characteristics of its properties.
Chatham Lodging Trust generates revenue from three primary streams: Room, Food and Beverage, and Other. The majority of the revenue comes from Room charges, which cover the cost of lodging. Their properties operate under prominent and trusted brands such as Hilton, Marriott, and Hyatt, ensuring a consistent and high-quality guest experience.
In recent developments, Chatham has continued to focus on optimizing its portfolio by enacting strategic acquisitions and improvements across its properties. The company remains financially robust with a commitment to maintaining a strong balance sheet and delivering value to its shareholders.
Chatham Lodging Trust is dedicated to providing upscale accommodations and exceptional service to its guests, while simultaneously driving growth and profitability for its investors. Keep up with the latest news and updates about Chatham Lodging Trust to stay informed about their performance, events, and significant developments.
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.
Chatham Lodging Trust (NYSE:CLDT) will announce its first quarter 2023 financial results on May 4, 2023, before the market opens. Following this, a conference call featuring key executives will occur at 1:00 p.m. ET to discuss the results. Interested parties can access the call via a webcast on Chatham's website or by phone. The company, focused on upscale, extended-stay hotels and premium-branded, select-service hotels, owns 39 hotels totaling 5,914 rooms/suites across 16 states and the District of Columbia. A recording of the call will be available until May 11, 2023. More details can be found at chathamlodgingtrust.com.
Chatham Lodging Trust (NYSE: CLDT) has declared a quarterly common share dividend of $0.07 and a preferred share dividend of $0.41406. These dividends are payable on April 17, 2023, to shareholders of record as of March 31, 2023. The company, focused on upscale, extended-stay hotels, owns 39 hotels with a total of 5,914 rooms/suites across 16 states and the District of Columbia. The announcement emphasizes the company’s commitment to returning value to its shareholders.
Chatham Lodging Trust (NYSE: CLDT) has scheduled its 2023 annual meeting of shareholders for May 18, 2023, at 10:00 a.m. EDT in West Palm Beach, Florida. Shareholders entitled to vote will be determined by the close of business on March 20, 2023. Chatham Lodging Trust specializes in investing in upscale extended-stay and premium-branded select-service hotels, owning 39 hotels with a total of 5,914 rooms across 16 states and the District of Columbia. For more information, visit chathamlodgingtrust.com.
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