Wednesday, August 5, 2015

Chatham Lodging Trust Announces Second Quarter 2015 Results

  
Jeremy Wegner
  
PALM BEACH, FL,  Aug. 5, 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 132 hotels, today announced results for the second quarter ended June 30, 2015.

 In addition, the company provided initial guidance for the 2015 third quarter and updated its 2015 full-year guidance.

“We have a solid balance sheet that provides us capacity to continue making high-quality acquisitions while maintaining reasonable leverage,” explained Jeremy Wegner, Chatham’s chief financial officer.

“Additionally, because we have issued long-term debt over the last couple of years and currently all of our debt is long-term with low fixed rates, our earnings will not be materially impacted by any rise in interest rates for the foreseeable future.”

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

Patrick Daly
Account Executive
 Daly Gray, Inc.
620 Herndon Parkway
Suite 115
Herndon, VA 20170
 (703) 435-6293 (office)

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