Sunday, September 21, 2014

Chatham Lodging Trust Prices Public Offering of Common Shares



Palm Beach, FL —Chatham Lodging Trust (the “Company”) (NYSE: CLDT) announced it has priced its public offering of 6,000,000 common shares of beneficial interest, $0.01 par value per share, at a price to the public of $21.85, for total gross proceeds of $131,100,000, prior to underwriting discounts and offering expenses.

The offering is expected to close on September 24, 2014, subject to customary closing conditions.  The Company has granted the underwriters a 30-day option to purchase up to an additional 900,000 common shares.

 Barclays, BofA Merrill Lynch and UBS Investment Bank are acting as joint book-running managers for the offering, and Baird, Credit Agricole CIB, Piper Jaffray and Stifel are acting as senior co-managers.  

FBR, JMP Securities and SunTrust Robinson Humphrey are acting as co-managers for the offering.

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

Patrick Daly
Account Supervisor
Daly Gray, Inc.
Office:  (703) 435-6293
Cell:  (703) 300-8289


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