Chatham Lodging Trust 8-K

What Happened

• Chatham Lodging Trust announced it completed the acquisition of a six-hotel portfolio on March 3, 2026 for $92.0 million (about $156,000 per room). The portfolio totals 589 rooms and is entirely Hilton-branded.

Key Details

• Purchase price: $92.0 million; approximately $156,000 per room.
• Property mix & locations: six hotels (two in Joplin, MO; two in Effingham, IL; two in Paducah, KY).
• Brands/types: two Homewood Suites, two Hampton Inn & Suites, and two Home2 Suites by Hilton.
• Funding: acquisition funded with available cash and borrowings under the company’s revolving credit facility.
• Disclosure: Chatham issued a press release on March 4, 2026 (Exhibit 99.1). Audited historical combined financial statements for the acquired portfolio will be filed in an amendment within 71 calendar days, if required.

Why It Matters

• This acquisition increases Chatham’s owned hotel portfolio and adds 589 rooms across three Midwest markets, which can affect revenue and cash flow as the properties are integrated.
• Investors should note the purchase price, funding source (cash and revolver borrowings), and that historical financials for the acquired assets will be provided in a forthcoming amendment — useful for evaluating near-term earnings and leverage implications.