Chatham Lodging (CLDT) - Hoya Hotseat

Hoya Capital

Chatham Lodging (CLDT) - Hoya Hotseat In the News All CLDT Apr 3 Written By Alex Pettee, CFA Hoya Capital Chatham Lodging Trust (CLDT) is a small-cap hotel REIT that owns a portfolio of 36 hotels with roughly 5,500 rooms. CLDT focuses exclusively on select-service hotels, which typically have better margin profiles than full-service hotels. Roughly two-thirds of its hotels are extended-stay properties, a unique skew within the REIT space.

The majority of its portfolio is operated by one of the major hotel brands, including roughly half of its portfolio under Marriott’s Residence Inn brand. CLDT’s portfolio spans 16 U.S. states, with a regional skew towards the West Coast - particularly Silicon Valley - and the Northeast. President & CEO Jeffrey Fisher joins the Hoya Hotseat to discuss Chatham’s backstory and growth strategy since its 2010 IPO, the advantages of its relatively unique focus on extended-stay and select-service hotels, and the broader industry trends shaping the hospitality sector.

Continue reading ▶︎ Interviews Press All Hoya Hotseat CLDT Alex Pettee, CFA Transcript chadam is a hotel re as you probably know today we own 36 hotels the thing that really characterizes chadam as compared to other hotel reats is our strong emphasis on the upscale Extended Stay business in the hotel business so for us that means residence Ends by Marriot Homewood Suites home to Suits by Hilton uh two-thirds of our portfolio I would characterize as Extended Stay so I think a key differentiator there uh for us is being in that business and having been in that business for many many years well just to go back a little bit um prior to chadam lodging trust I started a company called inke Keepers USA trust in 1994 the focus there well actually a lot of people called us the residents in re back then because 90% of what we had was that we did real well with that and ...