1、Chatham Lodging Trust2023 Annual ReportSeattle,WA:4%Minnesota:1%Denver,CO:3%Nashville,TN:2%Silicon Valley,CA:13%Los Angeles,CA:9%San Diego,CA:6%Dallas,TX:6%Austin,TX:6%San Antonio,TX:2%Houston,TX:3%New Hampshire:5%Portland,ME:4%Massachusetts:3%Connecticut:2%New York:7%Pennsylvania:3%Washington,D.C.:
2、8%Charleston,SC:3%Savannah,GA:3%Destin,FL:2%Orlando,FL:2%Fort Lauderdale,FL:3%HIGH-QUALITY HOTELS IN HIGH-QUALITY MARKETSAbout Chatham Lodging TrustChatham Lodging Trust is a self-advised,publicly-traded real estate investment trust focused primarily on investing in upscale extended-stay hotels and
3、premium-branded,select-service hotels.Our high-quality hotels are located in major markets with high barriers to entry,near primary demand generators for both business and leisure guests.Our primary objective is to generate attractive returns for our shareholders through investing in hotel propertie
4、s at prices that provide strong returns on invested capital,paying meaningful dividends and generating long-term value appreciation.Dear Shareholder,For Chatham,2023 was quite the roller coaster,with the beginning of the year meaningfully impacted by significant layoffs in the technology sector,foll
5、owed by the elimination of internship programs for the summer,all while business travel in most other markets was performing well.After Labor Day,building off the strong business travel recovery around the country,our technology markets started to gain traction in the fourth quarter.Plenty of notabl
6、e accomplishments in 2023 include:Grew RevPAR by 6.1 percent,beating industry performance by about 25 percent Increased profits by 25 percent in other departments Reduced net debt by$26 million and leverage ratio to 25 percent from 27 percent Repaid$150 million of maturing debt using available liqui