Chatham Lodging Trust Caps Record Year with Strong Fourth Quarter

  

Jeffrey H. Fisher

PALM BEACH, FL, Feb. 24, 2015—Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels  and premium-branded, select-service hotels and owns wholly or through its joint ventures 130 hotels , today announced results for the fourth quarter and year ended December 31, 2014. 

  In addition, the company provided initial guidance for 2015.

“A strong fourth quarter culminated an extremely productive 2014 for Chatham and its shareholders,” said Jeffrey H. Fisher, Chatham’s president and chief executive officer.  “2014 generated marked growth in terms of investments, operating results and shareholder value, as evidenced by the following significant highlights:

·         generated a total shareholder return of 47 percent

·         expanded equity market capitalization 87 percent to $985 million

·         named to the MSCI US REIT Index (RMZ) which represents approximately 85 percent of the US REIT universe

·         realized a tax-free gain of approximately $80 million or approximately $3 per share on the recapitalization of the Innkeepers joint venture grew hotel investments by approximately $500 million, or nearly 70 percent, including the acquisition of four Silicon Valley Residence Inns

·         increased EBITDA 64 percent

·         advanced adjusted FFO almost 75 percent and adjusted FFO per share 28 percent

  

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

Dennis Craven (Company)                                                             Chris Daly (Media)

Chief Financial Officer                                                                    Daly Gray, Inc.

(561) 227-1386                                                                             (703) 435-6293