Chatham Lodging Trust shareholders approved Advisory vote on compensation of named executive officers at the 2026-05-12 meeting.
“Approval of compensation of named executive officers: Votes For Votes Against Abstentions Broker Non-Votes %For/Against 40,237,015 732,587 36,163 2,701,705 98.21%”
Shareholder Votes
Chatham Lodging Trust shareholders approved Ratification of selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for year ending December 31, 2026 at the 2026-05-12 meeting.
“Ratification of the selection of independent registered public accounting firm: Votes For Votes Against Abstentions %For/Against 43,200,054 501,149 6,268 98.85%”
Shareholder Votes
Chatham Lodging Trust shareholders approved Election of trustees: Edwin B. Brewer, Jr., Jeffrey H. Fisher, David Grissen, Mary Beth Higgins, Rolf E. Ruhfus, and Ethel Isaacs Williams at the 2026-05-12 meeting.
“Trustee Votes For Votes Against/Withheld Abstain Broker Non-Votes %For/Against Edwin B. Brewer, Jr. 40,502,571 503,194 0 2,701,705 98.77% Jeffrey H. Fisher 40,547,694 458,071 0 2,701,705 98.88% David Grissen 40,780,150 225,615 0 2,701,705 99.45% Mary Beth Higgins 40,757,764 248,001 0 2,701,705 99.40% Rolf E. Ruhfus 40,748,500 257,265 0 2,701,705 99.37% Ethel Isaacs Williams 40,614,281 391,484 0 2,701,705 99.05%”
Earnings Releases
Chatham Lodging Trust reported first quarter ended March 31, 2026 results: net income Net loss to common shareholders $ (6.3 ), EPS Diluted net loss per common share $ (0.13 ). Guidance raised.
“is based on the comparable 39 hotels ($ in millions, except margin percentages and per share data): Three Months Ended March 31, 2026 2025 Net loss to common shareholders $ (6.3 ) $ (0.5 ) Diluted net loss per common share $ (0.13 ) $ (0.01 ) RevPAR $ 128 $ 127 GOP Margin 40 % 39 % Hotel EBITDA Margin 32 % 30 % Adjusted EBITDA $ 18.4 $ 17.9 AFFO $ 10.1 $”
M&A Transactions
Chatham Lodging Trust completed an acquisition for $92 million (closed 2026-03-03).
“On March 3, 2026, Chatham Lodging Trust (the "Company") completed its acquisition of six hotels (the “Portfolio”) for a purchase price of $92 million, or approximately $156,000 per room.”
Debt Financings
Chatham Lodging Trust incurred term loan of $200 million with Bank of America Securities, Inc. at adjusted term SOFR ranging from 1.45% to 2.2% (a 0.1% decrease from Existing Fac maturing September 25, 2029.
“The Credit Agreement provides for a $300 million unsecured revolving loan and an unsecured term loan of $200 million for a total of $500 million to replace the existing $260 million revolving credit facility and $140 unsecured term loan facility (together, the “Existing Facilities”).”
Debt Financings
Chatham Lodging Trust incurred revolving credit of $300 million unsecured revolving loan with Bank of America Securities, Inc. at adjusted term SOFR ranging from 1.5% to 2.25% (currently 1.6%) maturing September 25, 2029.
“The Credit Agreement provides for a $300 million unsecured revolving loan and an unsecured term loan of $200 million for a total of $500 million to replace the existing $260 million revolving credit facility and $140 unsecured term loan facility (together, the “Existing Facilities”).”
Robert Perlmutter retired as independent trustee at Chatham Lodging Trust.
“On March 17, 2025, Robert Perlmutter, an independent trustee of the board of trustees of Chatham Lodging Trust (the “Company”), notified the board that he wished to retire from the board at the end of his current term and not seek reelection at the Company’s annual meeting later this year.”
Shareholder Votes
Chatham Lodging Trust shareholders approved Approval of compensation of named executive officers at the 2024-05-15 meeting.
“Approval of compensation of named executive officers: Votes For Votes Against Abstentions Broker Non-Votes % For/Against 41,249,803 626,714 55,790 3,231,582 98.37%”
Shareholder Votes
Chatham Lodging Trust shareholders approved Ratification of the selection of independent registered public accountants at the 2024-05-15 meeting.
“Ratification of the selection of independent registered public accountants: Votes For Votes Against Abstentions % For/Against 44,141,165 1,012,450 10,274 97.74%”
Shareholder Votes
Chatham Lodging Trust shareholders approved Election of Trustees at the 2024-05-15 meeting.
“Trustee Votes For Votes Against/Withheld Abstain Broker Non-Votes % For/Against Edwin B. Brewer, Jr. 39,401,375 2,530,933 0 3,231,582 93.96%”
Earnings Releases
Chatham Lodging Trust reported first quarter ended March 31, 2024 results: net income Net loss of $5.5 million, EPS $0.15.
“First Quarter 2024 Operating Results • Portfolio Revenue Per Available Room (RevPAR) – Increased 2 percent to $120 compared to the 2023 first quarter. Average daily rate (ADR) accelerated 1 percent to $171, and occupancy jumped 1 percent to 70 percent for the 38 hotels owned as of March 31, 2024. ◦ RevPAR for the Silicon Valley and Bellevue hotels was up 17 percent over the 2023 first quarter. ◦ April 2024 RevPAR was up 5 percent over 2023 for the entire portfolio. • Net Income / (Loss) – Net loss of $5.5 million compared to net loss of $5.0 million in the 2023 first quarter. Net loss per diluted common share was $0.15 versus $0.14 during the 2023 first quarter.”
Earnings Releases
Chatham Lodging Trust reported the year ended December 31, 2023 results: net income $2.5, EPS $(0.11).
“On February 27, 2024, Chatham Lodging Trust issued a press release announcing its results of operations for the three months ended December 31, 2023.”
Earnings Releases
Chatham Lodging Trust reported the fourth quarter ended December 31, 2023 results: net income $11.0 million net loss applicable to common shareholders, EPS $(0.23).
“On February 27, 2024, Chatham Lodging Trust issued a press release announcing its results of operations for the three months ended December 31, 2023.”
Earnings Releases
Chatham Lodging Trust reported the third quarter ended September 30, 2023 results: net income $7.5 million, EPS $0.11.
“Chatham Lodging Trust issued a press release announcing its results of operations for the three months ended September 30, 2023.”
Debt Financings
Chatham Lodging Trust incurred loan of $39.9 million with Barclays Capital Real Estate at 7.4 percent per annum maturing 10-year.
“On August 16, 2023, two 10-year loans aggregating $39.9 million were provided by Barclays Capital Real Estate and are secured by the Residence Inn and TownePlace Suites Austin Northwest / The Domain. The loans carry a fixed interest rate of 7.4 percent per annum”
Debt Financings
Chatham Lodging Trust incurred loan of $9.0 million with Wells Fargo Bank at 7.332 percent maturing in 2033.
“and (2) a $9.0 million loan that is secured by the Courtyard Summerville, SC, respectively. Each loan carries an interest rate of 7.332 percent, is interest-only and matures in 2033.”
Debt Financings
Chatham Lodging Trust incurred loan of $9.5 million with Wells Fargo Bank at 7.332 percent maturing in 2033.
“On August 31, 2023, another two (2) indirect, wholly owned subsidiaries of the Company closed on (1) a $9.5 million loan that is secured by the Residence Inn in Summerville, SC”
Debt Financings
Chatham Lodging Trust incurred loan of $24.5 million with Wells Fargo Bank at 7.608 percent maturing in 2028.
“On August 30, 2023, an indirect, wholly owned subsidiary of Chatham Lodging Trust (the "Company") closed on a $24.5 million loan that is secured by the Courtyard Dallas (TX) Downtown hotel. The loan carries an interest rate of 7.608 percent, is interest-only and matures in 2028.”
Debt Financings
Chatham Lodging Trust incurred loan of $19.075 million at 7.419 percent maturing matures in 2033.
“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.”
Debt Financings
Chatham Lodging Trust incurred loan of $20.85 million at 7.419 percent maturing matures in 2033.
“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.”
Earnings Releases
Chatham Lodging Trust reported financial results for the second quarter ended June 30, 2023.
“On August 2, 2023, Chatham Lodging Trust issued a press release announcing its results of operations for the three months ended June 30, 2023.”
Shareholder Votes
Chatham Lodging Trust shareholders approved Amendment to the Company's Declaration of Trust to provide shareholders with the ability to amend the Company's Bylaws at the 2023-05-18 meeting.
“for the approval of a proposal to amend the Company's Declaration of Trust to provide shareholders with the ability to amend the Company's Bylaws”
Shareholder Votes
Chatham Lodging Trust shareholders voted on Advisory vote on the frequency of holding future advisory votes on executive compensation at the 2023-05-18 meeting.
“Approval of the advisory vote on the frequency of holding future advisory votes on executive compensation: 1 Year 2 Years 3 Years Abstentions Broker Non-Votes 38,441,380 54,827 1,041,326 29,865 4,007,887”
Shareholder Votes
Chatham Lodging Trust shareholders approved Advisory approval of the compensation of the Company's named executive officers at the 2023-05-18 meeting.
“Approval of compensation of named executive officers: Votes For Votes Against Abstentions Broker Non-Votes % For/Against 37,899,814 1,621,545 46,038 4,007,887 95.90%”
Shareholder Votes
Chatham Lodging Trust shareholders approved Ratification of the selection of PricewaterhouseCoopers LLP as independent registered public accountants for the year ending December 31, 2023 at the 2023-05-18 meeting.
“Ratification of the selection of independent registered public accountants: Votes For Votes Against Abstentions % For/Against 43,004,030 554,874 16,381 98.73%”
Shareholder Votes
Chatham Lodging Trust shareholders approved Election of trustees to serve until the 2024 Annual Meeting at the 2023-05-18 meeting.
“Trustee Votes For Votes Against/Withheld Abstain Broker Non-Votes % For/Against Edwin B. Brewer, Jr. 37,121,064 2,446,333 0 4,007,887 93.82% Jeffrey H. Fisher 38,636,854 930,543 0 4,007,887 97.65% David Grissen 39,186,694 380,703 0 4,007,887 99.04% Mary Beth Higgins 39,141,788 425,610 0 4,007,887 98.92% Robert Perlmutter 38,440,445 1,126,952 0 4,007,887 97.15% Rolf E. Ruhfus 39,025,936 541,461 0 4,007,887 98.63% Ethel Isaacs Williams 38,603,357 964,041 0 4,007,887 97.56%”
Earnings Releases
Chatham Lodging Trust reported the three months ended March 31, 2023 results: net income $5.0 million net loss, EPS $(0.14) per diluted common share.
“• Net Loss – Incurred a $5.0 million net loss compared to a net loss of $9.7 million in the 2022 first quarter. Net loss per diluted common share was $(0.14) versus net loss per diluted common share of $(0.23) for the same period last year.”
Governance Changes
Chatham Lodging Trust: Amended and restated the Company's Bylaws to address Universal Proxy Rules, update procedural mechanics for shareholder meetings, and make conforming changes (effective 2023-02-22).
“On February 22, 2023, in connection with the universal proxy rules adopted by the U.S. Securities and Exchange Commission and related requirements (the "Universal Proxy Rules") and a periodic review of the Bylaws of the Company, the Board of Trustees (the "Board") amended and restated the Company’s Bylaws (the "Amended and Restated Bylaws"), effective immediately.”
Thomas J. Crocker departed as Director at Chatham Lodging Trust.
“On February 22, 2023, Thomas J. Crocker, a member of the Board of Directors (“Board”) of Chatham Lodging Trust (the “Company”), notified the Board of his decision not to stand for reelection at the Company’s annual meeting of stockholders to be held on May 18, 2023 so that he can focus on other endeavors.”
Earnings Releases
Chatham Lodging Trust reported the three months ended December 31, 2022 results: net income Incurred a $4.0 million net loss applicable to common shareholders, EPS $(0.08) versus net loss per diluted common share of $(0.27).
“On February 23, 2023, Chatham Lodging Trust issued a press release announcing its results of operations for the three months ended December 31, 2022.”
Earnings Releases
Chatham Lodging Trust reported financial results for the third quarter ended September 30, 2022.
“On November 8, 2022, Chatham Lodging Trust issued a press release announcing its results of operations for the three months ended September 30, 2022.”
Debt Financings
Chatham Lodging Trust incurred revolving credit of $215 million unsecured revolving credit facility with Barclays Bank PLC (administrative agent) and certain lenders at adjusted term SOFR ranging from 1.5% to 2.25% maturing October 28, 2027.
“The Credit Agreement Amendment provides for a $215 million unsecured revolving credit facility”
Material Agreements
Chatham Lodging Trust entered into Term Loan Credit Agreement with Regions and Capital One valued at $90 million unsecured term loan facility (effective 2022-10-28).
“On October 28, 2022, the Company, as parent guarantor, the Operating Partnership, as borrower, and certain subsidiaries of the Operating Partnership, as guarantors simultaneously entered into that certain Term Loan Credit Agreement (the “Term Loan Agreement”) with Regions and Capital One acting as joint lead arrangers and bookrunners for the term loan”
Material Agreements
Chatham Lodging Trust entered into Second Amendment and Restatement Agreement with Barclays Bank PLC valued at $215 million unsecured revolving credit facility (effective 2022-10-28).
“On October 28, 2022, Chatham Lodging Trust (the “Company”), as parent guarantor, Chatham Lodging LP, as borrower (the “Operating Partnership”), and certain subsidiaries of the Operating Partnership, as guarantors, entered into that certain Second Amendment and Restatement Agreement (the “Credit Agreement Amendment”) to the Company’s Amended and Restated Credit Agreement”
David Grissen was appointed as Trustee at Chatham Lodging Trust.
“On August 9, 2021, the board of trustees (the “Board of Trustees”) of Chatham Lodging Trust (the “Company”), upon the recommendation of the Nominating and Corporate Governance Committee, appointed Ms. Ethel Isaacs Williams and Mr. David Grissen to the Board of Trustees, effective immediately.”
Ethel Isaacs Williams was appointed as Trustee at Chatham Lodging Trust.
“On August 9, 2021, the board of trustees (the “Board of Trustees”) of Chatham Lodging Trust (the “Company”), upon the recommendation of the Nominating and Corporate Governance Committee, appointed Ms. Ethel Isaacs Williams and Mr. David Grissen to the Board of Trustees, effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.