Chatham Lodging Trust Announces Fourth Quarter Results

 PALM BEACH, Fla., February 19, 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 quarter ended December 31, 2012.

In addition, the company also provided its initial earnings guidance for 2013.

 Fourth Quarter 2012 Highlights

·         Hotel RevPAR – Rose 7.6 percent to $102. Excluding Hurricane Sandy effects, RevPAR grew 5.6 percent. 

·         Adjusted EBITDA – Increased 10.3 percent to $8.4 million.

  

·         Adjusted FFO – Improved 12.6 percent.  Adjusted FFO per diluted share rose to $0.21.

·         Comparable GOP Margins – Advanced 150 basis points to 42.4 percent.

·         Joint Venture Investment –Received distributions of $0.3 million in the fourth quarter, bringing total distributions to $21.2 million or 57.3 percent of Chatham’s initial investment in the joint venture.

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

Dennis Craven

(Company)      

Chief Financial Officer                                                           

(561) 227-1386                                                                       

 Jerry Daly

(Media)

 Daly Gray, Inc.

(703) 435-6293