Chatham Lodging Trust Dossier
Qualitative Analysis
Business overview
Chatham Lodging Trust (NYSE: CLDT) is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. Founded in 2009 and headquartered in West Palm Beach, Florida, the company owns approximately 39 hotels totaling around 5,883 to 5,915 rooms across 16 to 17 states and the District of Columbia. Chatham's portfolio operates under premium brands such as Residence Inn by Marriott, Homewood Suites by Hilton, Courtyard by Marriott, Hampton Inn, Hyatt Place, and Hilton Garden Inn. The company differentiates itself through a lean, select-service operating model that historically generates high EBITDA margins.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Selling older, lower-margin hotels and reinvesting the proceeds into younger, higher-yielding properties.
Expected impact: Replaced six hotels (average age 25 years, 27% EBITDA margin, $101 RevPAR) with a six-hotel portfolio (average age 10 years, 42% EBITDA margin, $116 RevPAR), immediately expanding operating margins and FFO.
Repurchasing common shares to return capital to shareholders and capitalize on perceived equity undervaluation.
Expected impact: Through Q1 2026, the company repurchased 2.2 million shares (approximately 4% of common equity) at an average price of $7.04, representing a 10% capitalization rate based on 2026 corporate NOI guidance.
Executing major renovations at three key properties: Residence Inn San Diego Gaslamp, Homewood Suites Farmington (Conn.), and Hyatt Place Pittsburgh (Pa.).
Expected impact: Aims to maintain asset quality, increase long-term property value, and drive higher average daily rates (ADR) post-renovation.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
Acquisition of 589 rooms across six high-quality, premium-branded hotels (two Homewood Suites, two Hampton Inn and Suites, and two Home2 Suites by Hilton) located in Joplin (Mo.), Effingham (Ill.), and Paducah (Ky.). The deal expands geographic footprint into manufacturing and distribution hubs.
Financial impact: Immediately accretive to operating margins, FFO, and free cash flow. Expected to generate approximately $10 million in hotel EBITDA on a full-year basis and add approximately $0.10 of adjusted FFO per year.