secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001476045-23-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chatham Lodging Q1 2023: RevPAR up 28% to $116; net loss narrows to $5.0M
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- Net loss of $5.0M ($0.14 diluted loss) vs $9.7M loss ($0.23) in Q1 2022.
- RevPAR $116 (+28% YoY); ADR $169 (+14%); occupancy 69% (+13 pts).
- Adjusted EBITDA $17.8M (+34%); AFFO $7.9M ($0.16 per share), up 123%.
- Repaid $73M high-interest mortgages (8.0%) via term loan at 6.2%; additional $16M repayment on May 5.
- No FY 2023 guidance provided; Hilton development award for Home2 Suites Woodland Hills.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604523000045/0001476045-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604523000045/cldt-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001476045-23-000045

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