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
Acquisition of six hotels (589 rooms) for $92 million ($156,000 per room) completed March 3, 2026
Hotels: two each of Homewood Suites, Hampton Inn and Suites, Home2 Suites by Hilton in Joplin Mo., Effingham Ill., Paducah Ky.
Funded with available cash and revolving credit facility borrowings
Quarterly common dividend increased 11% to $0.10 per share, record date March 31, 2026, payable April 15, 2026
Acquired portfolio: 2025 Hotel EBITDA $10 million, RevPAR $116, EBITDA margins 42%, average age 10 years
Sold six older hotels for $100 million over past 18 months (average age 25 years, RevPAR $101, margins 27%)