UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | June 17, 2011 |
CHATHAM LODGING TRUST
__________________________________________
(Exact name of registrant as specified in its charter)
Maryland | 001-34693 | 27-1200777 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
50 Cocoanut Row, Suite 216, Palm Beach, Florida | 33480 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | (561) 802-4477 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On June 17, 2011, Chatham Lodging Trust (the "Company") issued a press release announcing that its board of trustees had declared a dividend of $0.175 per
common share of beneficial interest for the quarter ending June 30, 2011. A copy of such press release is furnished as Exhibit 99.1 to this report.
Item 8.01 Other Events.
The Company declared a dividend of $0.175 per common share of beneficial interest for the quarter ending June 30, 2011. The second quarter dividend will be
paid on July 15, 2011 to common shareholders of record on June 30, 2011.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 99.1 Press release dated June 17, 2011
The information contained in the press release attached as Exhibit 99.1 to this report shall not be deemed “filed” for the purposes of
Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Furthermore, the information
contained in the press release attached as Exhibit 99.1 to this report shall not be deemed to be incorporated by reference in the filings
of the registrant under the Securities Act of 1933.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CHATHAM LODGING TRUST | ||||
June 20, 2011 | By: |
Dennis M. Craven
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Name: Dennis M. Craven | ||||
Title: Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press Release dated June 17, 2011 |
For Immediate Release | ||||
Contact: | Jerry Daly, Carol McCune | Dennis Craven | ||
Daly Gray Public Relations | Chief Financial Officer | |||
(Media) | (Company) | |||
jerry@dalygray.com
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dcraven@cl-trust.com | |||
(703) 435-6293
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(561) 227-1386 |
Chatham Lodging Announces Dividend
PALM BEACH, Fla., June 17, 2011Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded select-service hotels, today announced that its board of trustees has declared a common share dividend of $0.175 for the 2011 second quarter. Based on the companys common share closing price of $15.47 at the close of business on June 16, the annualized dividend represents a yield of approximately 4.5 percent. The common dividend is payable July 15, 2011, to shareholders of record on June 30, 2011.
The acquisition of the 174-room Residence Inn Pittsburgh University Medical Center is still pending. The companys original guidance for 2011 assumed that this acquisition would close May 1, 2011. The company does not expect this hotel acquisition will close until after the second quarter. The impact of the delayed closing reduces Chathams original estimated 2011 second quarter FFO per share of $0.03. The company will provide updated guidance that takes into consideration the significant pending investments as soon as practicable after the Plan of Reorganization of Innkeepers USA Trust has been approved by the U.S. Bankruptcy Court, which is expected to occur on June 23, 2011.
About Chatham Lodging Trust
Chatham Lodging Trust is a self-advised REIT that was organized to invest in upscale extended-stay hotels and premium-branded, select-service hotels. The company currently owns 13 hotels with an aggregate of 1,650 rooms/suites in nine states, six additional hotels comprising 938 rooms/suites under contract to purchase and a minority investment in a joint venture that will acquire 64 hotels in the 2011 third quarter. Additional information about Chatham may be found at www.chathamlodgingtrust.com.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Chatham Lodging Trust, including those statements regarding acquisitions, capital expenditures, future operating results and the timing and composition of revenues, among others, and statements containing words such as expects, believes or will, which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results or performance to differ materially from those discussed in such statements. Additional risks are discussed in the companys filings with the Securities and Exchange Commission.
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