whytestocks
4 años hace
News: $CLDT Chatham Lodging Trust Announces Second Quarter 2020 Results
Cash Burn Significantly Better than Expected, Liquidity Runway of 41 Months Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced results for the second...
In case you are interested CLDT - Chatham Lodging Trust Announces Second Quarter 2020 Results
barnyarddog
5 años hace
CLDT Company Overview
Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company's assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). The Company owns over 42 hotels with an aggregate of 6,283 rooms located in 15 states and the District of Columbia. The Company's hotels included upscale extended-stay hotels that operate under the Residence Inn by Marriott brand and Homewood Suites by Hilton brand, as well as premium-branded select-service hotels that operate under the Courtyard by Marriott brand, the Hampton Inn or Hampton Inn and Suites by Hilton brand, the Hilton Garden Inn by Hilton brand, the SpringHill Suites by Marriott brand and the Hyatt Place brand.
https://chathamlodgingtrust.com/properties/?wpv-prop-type=chatham&wpv_aux_current_post_id=9&wpv_view_count=129-TCPID9
Enterprising Investor
11 años hace
Chatham Lodging Trust Confirms Receipt of Unsolicited Conditional Proposal from BlueMountain Capital (11/04/13)
PALM BEACH, Fla., Nov. 4, 2013 – /PRNewswire/ -- 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, today confirmed that it has received an unsolicited conditional proposal from BlueMountain Capital Management to acquire the Company for $21.50 per share, subject to due diligence, financing, negotiation of satisfactory agreements and other conditions.
The Chatham Board of Trustees will review the proposal in due course in consultation with its financial and legal advisors.
The Company does not intend to comment further about BlueMountain's unsolicited conditional proposal until the appropriate time.
Barclays is serving as financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal advisor.
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 76 hotels totaling 10,526 rooms/suites, comprised of 24 hotels it wholly owns with an aggregate of 3,431 rooms/suites in 14 states and the District of Columbia and holds a minority investment in two joint ventures that own 52 hotels with an aggregate of 7,095 rooms/suites. Additional information about Chatham may be found at www.chathamlodgingtrust.com.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 about Chatham Lodging Trust, including statements regarding future plans, strategies, performance, acquisitions, capital expenditures, future operating results and the timing and composition of revenues, among others, and statements containing words such as "expects," "believes" or "will," which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results or performance to differ materially from those discussed in such statements. Additional risks are discussed in the company's filings with the Securities and Exchange Commission. The company's forward-looking statements in this press release are based on management's current views and assumptions regarding future events and speak only as of the date hereof. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by the federal securities laws.
Contact:
Meaghan Repko / Jonathan Keehner
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
or
Chatham Lodging Trust
Dennis Craven
Chief Financial Officer
561-227-1386
dcraven@cl-trust.com
http://www.prnewswire.com/news-releases/chatham-lodging-trust-confirms-receipt-of-unsolicited-conditional-proposal-from-bluemountain-capital-230524881.html
Penny Roger$
13 años hace
Chatham Lodging Trust is a hotel investment company. The Company was formed to invest in extended-stay, select-service and full-service hotels. The Company focuses on investing in select-service hotels, such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites. In addition, Chatham Lodging Trust focuses on investing in branded full-service hotels. In October 2011, the Company and affiliates of Cerberus Capital Management, L.P., acquired 64 hotels from affiliates of Innkeepers USA Trust.
http://www.google.com/finance?q=CLDT