Chatham Lodging Increases Monthly Dividend 10 Percent

Dennis Craven

WEST PALM BEACH, FL —Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, announced that its Board of Trustees has raised its regular monthly dividend by 10 percent, or $0.01 per common share, to $0.11 per share.

 “We have raised our dividend each year since our 2010 IPO, from $0.35 in 2010 to $1.30 per share for 2016, furthering our commitment to increase our dividend in tandem with our growth in cash flow, EBITDA and adjusted FFO per share,” highlighted Dennis Craven, Chatham’s chief operating officer.

 “The quality of the acquisitions we made in 2015, the soundness of our balance sheet and the prospect for continued earnings growth gave our board the confidence to reward our investors with yet another increase.

“Excluding the special dividend of $0.08 per common share which was due to the sale of a joint venture interest in 2015, our 2016 dividend per share of $1.30 will represent approximately 52 percent of adjusted FFO per share based on the midpoint of our guidance, so the increase is healthy, supportable and prudent.”

Chatham’s Board declared the company’s monthly common share dividend of $0.11 for March 2016, reflecting the 10 percent increase.  The common share dividend is payable April 29, 2016, to shareholders of record on March 31, 2016. The annualized dividend of $1.32 per common share represents a dividend yield of 6.6 percent, based on the company’s common share closing price of $20.06 on February 29, 2016.

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

Patrick Daly

Office Manager

Daly Gray, Inc.

patrick@dalygray.com

Office:  (703) 435-6293

Cell:  (703) 300-8289