Chatham Lodging Trust Announces 2013 Second Quarter Results

  

PALM BEACH, Fla., August 5, 2013—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) that owns wholly or through its joint venture approximately $1.5 billion of premium-branded, upscale, extended-stay and select-service hotels, today announced results for the second quarter ended June 30, 2013

Jeffrey H. Fisher

“Our portfolio continues to produce solid results as we execute our strategic growth initiatives, enhance earnings growth and build long-term value for our shareholders by selectively investing in hotels in quality markets at the right prices, making timely improvements and building strong operating results through aggressive asset management,” said Jeffrey H. Fisher, Chatham’s president and CEO.

“This allows us to produce meaningful cash flow and reward our shareholders with one of the strongest dividends in the industry.

“Our Q2 2013 comparable hotel RevPAR growth of 6.1 percent comes off of very strong RevPAR growth of more than seven percent in Q2 2012, and we remain encouraged by our top-line revenue performance and future potential.

“Our newly acquired assets in Houston, Tex.; Portland, Maine; and Pittsburgh, Pa. experienced double digit RevPAR growth for the quarter and reflect the benefits of our targeted market approach.

 “Additionally, we benefited from continued strength in the operating results of our joint-venture portfolio with strong RevPAR growth of 5.8 percent in its core 51 hotels and comparable EBITDA growth of 7.3 percent.”

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

Dennis Craven (Company)                                                  

Chief Financial Officer                                                           

(561) 227-1386                                                                       

Jerry Daly

Daly Gray, Inc. (Media)

(703) 435-6293