Chatham Lodging Trust (CLDT) 2014年年度报告「NYSE」.pdf

1、Annual Report2014 Massachusetts(4%)Connecticut(1%)Minnesota(1%):Pennsylvania(5%)Nashville(1%)Orlando(1%)Houston(9%)Dallas(3%)San Diego(14%)Los Angeles(4%)San Antonio(3%)Washington D.C.(5%)New York(5%)Portland,ME(2%)Exeter,NH(1%)Denver(5%)Seattle(6%)Savannah,GA(6%):Silicon Valley(27%)Chatham Lodging

2、Trust is a self-advisedreal estate investment trust organized toinvest in upscale extended-stay hotels andpremium-branded select service hotels.Our properties are located in majormarkets with high barriers to entry,nearprimary demand generators for bothbusiness and leisure guests.Hotel Locations2014

3、 Chairmans LetterAfter a very successful 2013,Chatham continued building on those achievements to deliver outstandingresults in 2014.Our long-term goal is to be the leading lodging real estate investment trust(REIT)focused oninvesting in premium-branded,upscale,extended-stay and select-service hotel

4、s.We made significant stridestoward that goal in 2014 through a number of important measures:generated a total shareholder return of 47 percent,this on top of a 40 percent increase in 2013expanded equity market capitalization 87 percent to$985 millionnamed to the MSCI US REIT Index(RMZ)which represe

5、nts approximately 85 percent of the US REITuniverserealized a tax-free gain of approximately$80 million,or approximately$3 per share,on therecapitalization of the Innkeepers joint venturegrew hotel investments by approximately$500 million,or nearly 70 percent,including the acquisitionof four Silicon

6、 Valley Residence Innsincreased EBITDA 64 percentadvanced adjusted FFO almost 75 percent and adjusted FFO per share 28 percentOperating PerformanceWe achieved excellent operating performance results in our wholly-owned portfolio of 34 hotels comprising5,115 rooms.We focus on acquiring premium-brande