secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001476045-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chatham Lodging Q4 net loss widens to $11M; RevPAR up 2.5%; guides Q1 loss
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- Net loss applicable to common shareholders $11.0M ($0.23/share) vs $4.0M ($0.08) in Q4 2022.
- RevPAR rose 2.5% to $121 on ADR $173 and occupancy 70%; Hotel EBITDA margin fell to 31.6% from 33.3%.
- AFFO per diluted share $0.19 vs $0.20; Adjusted EBITDA $20.8M vs $20.4M.
- Q1 2024 guidance: RevPAR $118-$121, net loss $(9.4)-$(7.4)M, AFFO $0.10-$0.14/share.
- Sold Hilton Garden Inn Denver Tech Center for ~$18M post-quarter; net debt reduced $26M to $418M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604524000016/0001476045-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604524000016/cldt-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001476045-24-000016

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