| Market Capitalization (Millions $) |
626 |
| Shares
Outstanding (Millions) |
48 |
| Employees |
16 |
| Revenues (TTM) (Millions $) |
301 |
| Net Income (TTM) (Millions $) |
12 |
| Cash Flow (TTM) (Millions $) |
-5 |
| Capital Exp. (TTM) (Millions $) |
14 |
Business Description
Chatham Lodging Trust is a real estate investment trust (REIT) that owns and operates upscale, extended-stay and select-service hotels. Founded in 2009 and headquartered in West Palm Beach, Florida, the companyes primary objective is to acquire high-quality properties in key markets across the United States.
The companyes portfolio includes 41 hotels with over 6,500 rooms across 16 states, in addition to a 50% ownership interest in one joint venture hotel property. The hotels are operated under several well-known brands, including Marriott, Hyatt, and Hilton.
Chathames extended-stay hotels feature fully equipped kitchens and larger living spaces, designed for longer stays of five nights or more. The select-service hotels, on the other hand, offer limited amenities to keep costs down, while still providing some comfort to guests.
The companyes revenue is primarily generated through room rentals, with additional profits from on-site restaurants, bars, and meeting spaces. Chatham is known for its strategic approach to asset management and a disciplined acquisition process, which it believes will ensure consistent revenue growth and solid returns for investors.
Chatham's management team has extensive experience in the hospitality industry, with a focus on developing strong relationships with hotel brands and targeting markets with high demand and limited competition.
Despite facing challenges in the wake of the COVID-19 pandemic, Chatham is positioning itself for future success with a robust acquisition pipeline, cost-cutting initiatives, and a commitment to maintaining a strong balance sheet.
In summary, Chatham Lodging Trust is a well-established REIT with a diversified portfolio of high-quality, branded hotels across the United States. The companyes experienced management team, strategic approach to asset management, and commitment to sound financial practices make it a solid investment opportunity.
Company Address: 222 Lakeview Avenue, Suite 200 West Palm Beach 33401 FL
Company Phone Number: 802-4477 Stock Exchange / Ticker: NYSE CLDT
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161.55 %