Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 222 Lakeview Ave Ste 200 PALM BEACH FL 33480 |
Tel: | N/A |
Website: | https://chathamlodgingtrust.com |
IR: | See website |
Key People | ||
Jeffrey H. Fisher Chairman of the Board of Trustees, President, Chief Executive Officer | Jeremy Bruce Wegner Chief Financial Officer, Senior Vice President | Dennis M. Craven Chief Operating Officer, Executive Vice President |
Business Overview |
Chatham Lodging Trust is a real estate investment trust (REIT). The Company is focused primarily on investing in upscale, extended-stay hotels and premium branded, select-service 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 Company owns approximately 38 hotels totaling 5,735 rooms/suites in 16 states and the District of Columbia. The Company invests in premium select-service hotels, such as Courtyard by Marriott, Hampton Inn, Hampton Inn and Suites by Hilton, Hyatt Place and Hilton Garden Inn by Hilton. The service and amenity offerings of these hotels typically include complimentary breakfast and evening hospitality hour, high-speed Internet access, in-room movie channels, limited meeting space, linen and room cleaning service, 24-hour front desk, guest grocery services, and an on-site maintenance staff. |
Financial Overview |
For the fiscal year ended 31 December 2023, Chatham Lodging Trust revenues increased 6% to $311.1M. Net loss applicable to common stockholders totaled $5.3M vs. income of $1.9M. Revenues reflect Occupancy - %-Owned increase of 4% to 74.3%, Average Daily Room Rate (ADR)-Owned increase of 3% to $178, Room increase of 5% to $285M, Other Operating increase of 20% to $16.7M. Net loss reflects Impairment loss increase from $0K to $4.3M (expense). |
Employees: | 17 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $874.72M as of Dec 31, 2023 |
Annual revenue (TTM): | $311.11M as of Dec 31, 2023 |
EBITDA (TTM): | $93.42M as of Dec 31, 2023 |
Net annual income (TTM): | -$5.31M as of Dec 31, 2023 |
Free cash flow (TTM): | $26.17M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $415.95M as of Dec 31, 2023 |
Shares outstanding: | 48,904,639 as of Mar 18, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |