---
schema_version: "secwatch.filing_event.v1"
accession: "0001476045-23-000059"
form_type: "8-K"
ticker: "CLDT"
cik: "0001476045"
company_name: "Chatham Lodging Trust"
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:33:05.570712+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Chatham Lodging Trust subsidiaries close $39.9M in secured loans at 7.419% for two Austin hotels

## Summary
- Two indirect subsidiaries closed loans: $20.85M (Residence Inn Austin) and $19.075M (TownePlace Suites Austin).
- Each loan bears interest at 7.419% per annum, interest-only for five years, then 30-year amortization.
- Both loans mature in 2033 and are secured by first mortgage liens on the respective hotels and related assets.
- Loan documents contain customary representations, warranties, and events of default for single-property mortgage financings.

## SEC filing metadata
- accession: 0001476045-23-000059
- form_type: 8-K
- ticker: CLDT
- cik: 0001476045
- company_name: Chatham Lodging Trust
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476045/000147604523000059/0001476045-23-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476045/000147604523000059/cldt-20230816.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476045-23-000059
- JSON: https://secwatch.observer/filing/0001476045-23-000059.json
- Plain text: https://secwatch.observer/filing/0001476045-23-000059.txt

## Key facts
- Debt Financings
  Chatham Lodging Trust incurred loan of $20.85 million at 7.419 percent maturing matures in 2033.
  - Instrument: loan
  - Principal: $20.85 million
  - Rate: 7.419 percent
  - Maturity: matures in 2033
  - Event: incurrence
  source text: On August 16, 2023, each of two (2) indirect, wholly owned subsidiaries of Chatham Lodging Trust (the "Company") closed on (1) a $20.85 million loan that is secured by the Residence Inn in Austin, TX and (2) a $19.075 million loan that is secured by the TownePlace Suites in Austin, TX, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476045/000147604523000059/0001476045-23-000059-index.htm
- Debt Financings
  Chatham Lodging Trust incurred loan of $19.075 million at 7.419 percent maturing matures in 2033.
  - Instrument: loan
  - Principal: $19.075 million
  - Rate: 7.419 percent
  - Maturity: matures in 2033
  - Event: incurrence
  source text: On August 16, 2023, each of two (2) indirect, wholly owned subsidiaries of Chatham Lodging Trust (the "Company") closed on (1) a $20.85 million loan that is secured by the Residence Inn in Austin, TX and (2) a $19.075 million loan that is secured by the TownePlace Suites in Austin, TX, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476045/000147604523000059/0001476045-23-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.