Market Overview

Chatham Lodging Acknowledges 13D Filing Which Shows 9.8% New Stake By HG Vora Capital Management

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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, acknowledged today's Schedule 13D filing by HG Vora Capital Management and affiliates reporting a 9.8 percent stake in the Chatham and their interest in having discussions with the company about a potential privatization. HG Vora Capital had previously filed a Schedule 13G reporting a 7 percent stake in Chatham in January 2013. Chatham's Board and management are committed to building long-lasting value for all Chatham stockholders. As a matter of corporate policy, Chatham does not comment on market rumors or speculate on the intentions or future actions of our stockholders.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised REIT that was organized to invest in upscale extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 73 hotels acquired for approximately $1.5 billion, comprised of 21 hotels it wholly owns with an aggregate of 2,911 rooms/suites in 11 states and the District of Columbia and holds a minority investment in a joint venture that owns 52 hotels with an aggregate of 6,927 rooms/suites. Additional information about Chatham may be found at www.chathamlodgingtrust.com.

 

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