secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001476045-21-000095
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chatham Lodging Q3 net loss narrows to $1.4M; RevPAR up 92% to $107; acquires two Austin hotels for $71.2M
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- Net loss improved to $1.4M ($0.07 per share) from $18.3M ($0.38) in Q3 2020.
- RevPAR $107 (+92% YoY) on ADR $150 and occupancy 71%; GOP margin 45%.
- Adjusted EBITDA $19.6M; AFFO $10.5M ($0.21 per share), up from negative $4.2M.
- Acquired two extended-stay hotels in Austin, TX for $71.2M; September occupancy 81%.
- Amended credit facility extended to March 2024; financial covenants waived through June 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604521000095/0001476045-21-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604521000095/cldt-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001476045-21-000095

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