News Release
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Chatham Lodging Trust Prices Public Offering of Common Shares
The Company will contribute the net proceeds of this offering to its
operating partnership in exchange for common units of limited
partnership interest in the operating partnership. The Company’s
operating partnership intends to use a portion of the net proceeds of
the offering to pay down borrowings under the Company’s senior secured
revolving credit facility. The Company’s operating partnership intends
to use the remaining net proceeds to invest in additional hotel
properties in accordance with the Company’s investment strategy,
including its equity contribution towards the purchase price for the
previously announced acquisition of a 52-hotel portfolio by the
Company’s joint venture with
The common shares are being offered pursuant to a prospectus supplement
to the Company’s prospectus filed as part of the Company’s existing
shelf registration statement, which was declared effective by the
A copy of the prospectus supplement and accompanying prospectus relating
to the offering can be obtained, when available, by contacting
About
FORWARD-LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER FEDERAL SECURITIES LAWS. THESE FORWARD-LOOKING STATEMENTS ARE BASED UPON THE COMPANY'S PRESENT EXPECTATIONS, BUT THESE STATEMENTS ARE NOT GUARANTEED TO OCCUR. FOR EXAMPLE: THE FACT THAT THIS OFFERING HAS PRICED MAY IMPLY THAT THE OFFERING WILL CLOSE, BUT THE CLOSING IS SUBJECT TO CONDITIONS CUSTOMARY IN TRANSACTIONS OF THIS TYPE AND MAY BE DELAYED OR MAY NOT OCCUR AT ALL. IN ADDITION, THE FACT THAT THE UNDERWRITERS HAVE AN OPTION TO PURCHASE ADDITIONAL SHARES MAY IMPLY THAT THIS OPTION WILL BE EXERCISED. HOWEVER, THE UNDERWRITERS ARE NOT UNDER ANY OBLIGATION TO EXERCISE THIS OPTION, OR ANY PORTION OF IT, AND MAY NOT DO SO. 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 COMPANY’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. INVESTORS SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD-LOOKING STATEMENTS.
Source:
Media
Daly Gray Public Relations
Jerry Daly, 703-435-6293
jerry@dalygray.com
or
Chatham
Lodging Trust
Dennis Craven, 561-227-1386
Chief Financial
Officer
dcraven@cl-trust.com