Chatham Lodging Trust Announces Strong First Quarter Results; Increases Quarterly Dividend 14 Percent to 20 Cents per Common Share

  

  PALM BEACH, FL—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in premium branded upscale extended-stay hotels and select-service hotels, today announced results for the quarter ended March 31, 2012. 

In addition, the company announced that its board of trustees approved a 14 percent increase in Chatham’s quarterly dividend to 20 cents per common share.

First Quarter 2012 Highlights

• ·         Comparable Hotel RevPAR – Increased 12.5 percent to $98 for Chatham’s 18-hotel portfolio.

• ·         Comparable Hotel EBITDA – Improved 29.1 percent to $7.9 million.

• ·         Comparable Hotel EBITDA Margins – Advanced 440 basis points to an industry-leading 35.1 percent.

• ·         Comparable GOP Margins – Increased 390 basis points to industry-leading GOP margins of 42.4 percent.

• ·         Adjusted FFO – Improved adjusted FFO per diluted share 61.5 percent to $0.21.

• ·         Joint Venture Portfolio– Exceeded internal budget expectations for RevPAR, EBITDA and NOI performance. Received distributions of $13.1 million, or 35.4 percent, of Chatham’s initial investment in the joint venture (JV).

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

Dennis Craven (Company)                                                    

Chief Financial Officer                                                                       

(561) 227-1386                                                                     

Jerry Daly (Media)

Daly Gray, Inc.

(703) 435-6293

Patrick Daly

Account Supervisor

Daly Gray, Inc.

patrick@dalygray.com

Office:  (703) 435-6293

Cell:  (703) 300-8289