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Chatham Lodging Trust (CLDT)
NYSE · Finance, Insurance & Real Estate · Real Estate Investment Trusts
Core research established · 4/4 core data layers currently established
What Chatham Lodging Trust does
Dollar amounts presented in this Item 1 are in thousands, except per share data. Overview Chatham Lodging Trust (“we,” “us” or the “Company”) was formed as a Maryland real estate investment trust on October 26, 2009. We elected to be taxed as a REIT for federal income tax purposes commencing with our 2010 taxable year. The Company is internally-managed and invests primarily in upscale extended-stay and premium-branded select-service hotels. We had no operations prior to the consummation of our initial public offering ("IPO") in April 2010. The net proceeds from our share offerings are contributed to Chatham Lodging, L.P., our operating partnership (the “Operating Partnership”), in exchange for partnership interests.
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