secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001476045-22-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chatham Lodging Q1 net loss $9.7M; RevPAR up 56% to $88; AFFO turns positive
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- Net loss of $9.7M ($0.23/sh) vs net income $2.7M in Q1 2021; AFFO swings to +$3.5M from -$7.1M.
- Portfolio RevPAR increased 56% to $88; ADR up 36% to $146; occupancy improved to 60%.
- Acquired Hilton Garden Inn Destin for $31M; expects to close sale of four hotels for ~$80M within a week.
- Opened $71M Home2 Suites Woodland Hills; April weekday occupancy hit 72% with business travel strengthening.
- No 2022 guidance provided; leverage 32.4%; no debt maturities in 2022; preferred dividend declared.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604522000042/0001476045-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604522000042/cldt-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001476045-22-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer