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United States securities and exchange commission logo
May 15, 2024
Jeremy Wegner
Chief Financial Officer
Chatham Lodging Trust
222 Lakeview Avenue, Suite 200
West Palm Beach, Florida 33401
Re: Chatham Lodging
Trust
Form 10-K for the
year ended December 31, 2023
Filed February 27,
2024
Form 8-K
Filed February 27,
2024
File No. 001-34693
Dear Jeremy Wegner:
We have reviewed your
filings and have the following comment.
Please respond to this letter within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe a
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to this letter, we may have additional comments.
Form 8-K filed February 27, 2024
General
1. In your earnings
release, you disclose Q1 2024 Guidance for Adjusted EBITDA, Adjusted
FFO, Adjusted FFO per
diluted share, and Hotel EBITDA margins without providing
a reconciliation to the
most directly related GAAP measure. In future filings, please
include such
reconciliation or, alternatively, provide a statement that the information
could not be presented
without unreasonable effort. Refer to Item 10(e)(1)(i)(B) of
Regulation S-K and
Questions 102.10(a) and 102.10(b) of the C&DIs for Non GAAP
Financial Measures.
We remind you that the company and its management are
responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments,
action or absence of
action by the staff.
Jeremy Wegner
Chatham Lodging Trust
May 15, 2024
Page 2
Please contact Ameen Hamady at 202-551-3891 or Kristina Marrone at
202-551-3429 if
you have questions regarding comments on the financial statements and related
matters.
FirstName LastNameJeremy Wegner Sincerely,
Comapany NameChatham Lodging Trust
Division of Corporation
Finance
May 15, 2024 Page 2 Office of Real Estate &
Construction
FirstName LastName