Chatham Lodging Trust acquires six Hilton-branded hotels for $92 million

The acquired hotels comprise 589 rooms. "Chatham Lodging Trust has acquired six Hilton-branded hotels comprising 589 rooms". The acquisition price was approximately $156,000 per room. "or approximately $156,000 per room.". The acquired portfolio has an average age of 10 years. "the $92 million acquired portfolio has an average age of 10 years". The acquired portfolio generated RevPAR of $116 and hotel EBITDA margins of 42% in 2025. "generated RevPAR of $116 and hotel EBITDA margins of 42% in 2025.". Hotel EBITDA of approximately $10 million would represent a 12% increase (on a full-year basis). "Hotel EBITDA of approximately $10 million would represent a 12% increase". The acquired portfolio would add approximately $0.10 of adjusted FFO per year (using 2025 Hotel EBITDA and a pro forma blended interest rate of 6%). "the acquired portfolio would add approximately $0.10 of adjusted FFO per year". Chatham’s net debt to EBITDA ratio increases approximately 50 basis points. "Chatham’s net debt to EBITDA ratio increases approximately 50 basis points". The acquisition equates to an approximate 10% capitalization rate using 2025 hotel net operating income. "which equates to an approximate 10% capitalization rate using 2025 hotel net operating income". 66% of the portfolio’s rooms are extended-stay. "66% of the portfolio’s rooms are extended-stay". The hotels are generally the highest quality properties in their respective markets. "the hotels are generally the highest quality properties in their respective markets". The portfolio diversifies Chatham's geographic footprint into areas of the country benefitting from expanded investments in manufacturing and distribution. "the portfolio diversifies our geographic footprint into areas of the country that are benefitting from expanded investments in manufacturing and distribution.". The acquired hotels include two Homewood Suites, two Hampton Inn and Suites and two Home2 Suites by Hilton hotels. "Of the six hotels, there are two Homewood Suites, two Hampton Inn and Suites and two Home2 Suites by Hilton hotels."