secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2026-03-06T23:59:59+00:00
Accession:  0001437749-26-007127
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chatham acquires 6 Hilton hotels ($92M) in Midwest, raises dividend 11% to $0.10
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000143774926007127/0001437749-26-007127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000143774926007127/cldt20260305_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-007127

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