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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Jan. 28, 7:11 PM

Slide #15. Chatham Lodging Trust Secondary Offering

Company: Chatham Lodging Trust (NYSE:CLDT)
Date announced: 1/21/2015
Shares Offered: 3,500,000
Date of Pricing: 1/22/2015
Price Per Share: $30.00
Secondary Offering Details: Chatham Lodging Trust (the "Company") (NYSE:CLDT) today announced that it has commenced an underwritten public offering of 2,500,000 common shares of beneficial interest, $0.01 par value per share. The Company has also granted the underwriter a 30-day option to purchase up to an additional 375,000 common shares. - updated 1/22 - Chatham Lodging Trust (the "Company") (NYSE:CLDT) today announced that it has priced an underwritten public offering of 3,500,000 common shares of beneficial interest, par value $0.01 per share ("Common Shares"), at a per share public offering price of $30.00, for total estimated gross proceeds of approximately $105,000,000. The offering is expected to close on January 27, 2015, subject to customary closing conditions. The Company has also granted the underwriter a 30-day option to purchase up to an additional 525,000 common shares.

Chatham Lodging Trust is an internally-managed real estate investment trust. As of Dec 31 2013, Co. owned 25 hotels with an approx. 3,591 rooms located in 15 states and the District of Columbia, held a 10.3% noncontrolling interest in the Innkeepers JV, which owns 51 hotels comprising an aggregate of 6,847 rooms, and held a 5.0% noncontrolling interest in the Torrance JV that owns the 248-room Residence Inn by Marriott in Torrance, CA. Co. also invests in Courtyard by Courtyard by Marriott®, Hampton Inn and Suites® and SpringHill Suites by Marriott®, which serves complimentary breakfast, internet access, local calls, in-room movie channels, and daily linen and room cleaning service.
Open the CLDT Page at The Online Investor »

Company Name:  Chatham Lodging Trust
Website:  www.chathamlodgingtrust.com
Sector:  REITs
Number of ETFs Holding CLDT:  25
Total Market Value Held by ETFs:  $108.93M
Total Market Capitalization:  $1.05B
% of Market Cap. Held by ETFs:  10.33%
 

Open the CLDT Page at The Online Investor (in a new window) »

January 28, 2015    7:11 PM Eastern
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Strong Buy (3.60 out of 4)
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