Chatham Lodging Trust Prices Public Offering of Common Shares

Hyatt Place® Pittsburgh/North Shore Hotel, Pittsburgh, PA

 Palm Beach, FL,(BUSINESS WIRE)  June 13, 2013- -- Chatham Lodging Trust (NYSE: CLDT) today announced that it has priced its public offering of 4,500,000 common shares of beneficial interest, $0.01 par value per share, at $16.35 per share, for total gross proceeds of $73,575,000, prior to underwriting discounts and offering expenses.   

The offering is expected to close on June 18, 2013.  The underwriters have a 30-day option to purchase up to an additional 675,000 shares to cover over allotments, if any.

 The company will contribute the net proceeds of this offering to its operating partnership in exchange for common units of limited partnership interest in the operating partnership. 

The company’s operating partnership intends to use a portion of the net proceeds of the offering to repay debt under the company’s senior secured revolving credit facility and to fund the acquisition of the 178-room Hyatt Place® Pittsburgh/North Shore in Pittsburgh, Pennsylvania.

The company’s operating partnership intends to use any remaining net proceeds to invest in additional hotel properties in accordance with the company’s investment strategy and for general corporate purposes.

For a complete copy of the company’s news release, please contact:

Daly Gray Public Relations

Jerry Daly, 703-435-6293

jerry@dalygray.com

or

Chatham Lodging Trust

Dennis Craven, 561-227-1386

Chief Financial Officer

dcraven@cl-trust.com