Chatham Lodging Trust : Investor Presentation – June 2025
CLDT
Published on 06/02/2025 at 10:18
June 2025
FY '24 RevPAR up 2.8% versus industry growth of 1.8% and Q1 '25 RevPAR up 3.8% versus industry growth of 2.2%
Chatham's RevPAR growth has exceeded industry for three consecutive years
RevPAR for Chatham's tech driven hotels up 10.4% in 2024 and up 3.2% in Q1 '25 despite renovation impact at Residence Inn Bellevue
Recovery of Silicon Valley / Bellevue properties to '19 levels would add $14.0 million to LTM EBITDA /
$0.27 per share of FFO (increases of approximately 15% and 27% relative to '25 guidance midpoint)
Implied cap rate of 9.6% on LTM corporate NOI
Sold six hotels for $101 million since the start of 2024 at cap rates of 6% including $28 million of forgone capital expenditures
Acquired newly build Home2 Phoenix in May 2024 for $43 million; expected cap rate of 9%
Weighted average supply growth of 0.3% in Chatham's sub-markets
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
1/1
1/8
1/15
1/22
1/29
2/5
2/12
2/19
2/26
3/5
3/12
3/19
3/26
4/2
4/9
4/16
4/23
4/30
5/7
5/14
5/21
5/28
6/4
6/11
6/18
6/25
7/2
7/9
7/16
7/23
7/30
8/6
8/13
8/20
8/27
9/3
9/10
9/17
9/24
10/1
10/8
10/15
10/22
10/29
11/5
11/12
11/19
11/26
12/3
12/10
12/17
12/24
12/31
0
2019 2020 2021 2022 2023 2024 2025
90%
80%
70%
60%
50%
40%
30%
20%
Occ - Prior Yr Occ
$189
$187
$198
$198
$199
$197
$197
$189
$189
$191
$194
$197
$178
$185
$184
$185
$189
$171
$175
$182
$164
$168
$168
$172
82%
$174
$146
80%
65%
59%
$109
66%
$109
63%
74%
$132
70%
73%
$124
70%
77%
$143
78%
81%
79%
$153
82%
79%
$164
80%
79%
$158
78%
79%
$148
80%
$160
82%
81%
81%
$156
82%
82%
$162
$200
$180
$160
$140
$120
$100
$80
$60
$40
10%
$20
0% $0
May '24 Jun '24 Jul '24 Aug '24 Sep '24 Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25
% change in RevPAR compared to same period of prior year
4.2% -0.2% -1.8% -0.9% 3.7% 5.7% 1.6% 2.4% 6.G% 7.8% -0.3% -4.2%
1.6%
Disclaimer
Chatham Lodging Trust published this content on June 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 02, 2025 at 14:17 UTC.