Chatham Lodging Trust (CLDT): M&A transaction — Chatham acquires 6 Hilton hotels ($92M) in Midwest, raises dividend 11% to $0.10

Chatham Lodging Trust

Acquired 6 Hilton hotels (589 rooms) for $92M ($156k/room) in Joplin MO, Effingham IL, Paducah KY.
Quarterly common dividend raised 11% to $0.10/share; preferred dividend $0.41406/share; payable Apr 15, 2026.
Acquired portfolio had 2025 Hotel EBITDA of ~$10M, a 12% increase to Chatham's EBITDA; accretive to FFO by ~$0.10/share.
Acquired hotels avg age 10 yrs, RevPAR $116, EBITDA margins 42%; sold hotels avg age 25 yrs, RevPAR $101, margins 27%.
Over past 18 months sold 6 hotels for ~$100M; recycled proceeds into higher-quality assets; net debt to EBITDA up ~50 bps.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Chatham Lodging Trust completed an acquisition for $92 million (closed 2026-03-03).

Action: acquisition
Consideration: $92 million
Closing: 2026-03-03

Exact text from the filing

On March 3, 2026, Chatham Lodging Trust (the "Company") completed its acquisition of six hotels (the “Portfolio”) for a purchase price of $92 million, or approximately $156,000 per room.

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Source: SEC EDGAR

accession 0001437749-26-007127

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