8-K - Chatham Lodging Trust | StockGist

AI Analysis

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Chatham Lodging Trust completed the acquisition of six Hilton-branded hotels with 589 rooms for $92 million on March 3, 2026, funded by cash and revolving credit facility borrowings. The company increased its quarterly common dividend by 11% to $0.10 per share, payable April 15, 2026.

Key Takeaways

1Acquisition of six hotels (589 rooms) for $92 million ($156,000 per room) completed March 3, 2026

2Hotels: two each of Homewood Suites, Hampton Inn and Suites, Home2 Suites by Hilton in Joplin Mo., Effingham Ill., Paducah Ky.

3Funded with available cash and revolving credit facility borrowings

4Quarterly common dividend increased 11% to $0.10 per share, record date March 31, 2026, payable April 15, 2026

5Acquired portfolio: 2025 Hotel EBITDA $10 million, RevPAR $116, EBITDA margins 42%, average age 10 years

6Sold six older hotels for $100 million over past 18 months (average age 25 years, RevPAR $101, margins 27%)

Current Report Details

Event Type

Asset Acquisition

Disclosure

Mandatory

Variant

8-K

Items Reported

2.01

. Completion of Acquisition or Disposition of Assets. On March 3, 2026, Chatham Lodging Trust (the "Company") completed its acquisition of six hotels (the “Port

Asset Acquisition

7.01

. Regulation FD Disclosure. The Company issued a press release on March 4, 2026, announcing, among other things, the completion of the acquisition of the Portfo

Regulation Fd

9.01

. Financial Statements and Exhibits. (a) Financial statements of businesses acquired To the extent required by this item, audited historical combined financial

Exhibits Only

Capital Return

Dividend/Share

$0.10 (common, increased 11%)

Record Date

2026-03-31

Payable Date

2026-04-15

Transaction Details

Acquisition / Disposition

Target: six Hilton-branded hotels (the “Portfolio”) comprising 589 rooms: two each of Homewood Suites, Hampton Inn and Suites, and Home2 Suites by Hilton located in Joplin Mo., Effingham Ill., and Paducah Ky.
Consideration: $92 million, or approximately $156,000 per room
Structure: funded with available cash and borrowings on revolving credit facility

•Completed on March 3, 2026

Exhibits (2)

8-K

FORM 8-K

99.1

EXHIBIT 99.1