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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Total revenue $ 311,109 $ 294,851 $ 203,975
Expenses:      
Total hotel operating expenses 175,386 160,758 119,293
Depreciation and amortization 58,254 59,350 54,215
Impairment loss 4,266 0 5,640
Property taxes, ground rent and insurance 23,507 21,210 23,826
General and administrative 17,517 17,339 15,752
Other charges 2,300 683 711
Reimbursable costs from related parties 1,283 1,326 1,731
Total operating expenses 282,513 260,666 221,168
Operating income (loss) before gain (loss) on sale of hotel property 28,596 34,185 (17,193)
Gain (loss) on sale of hotel property 18 2,268 (21)
Operating income (loss) 28,614 36,453 (17,214)
Interest and other income 1,534 10 243
Interest expense net of amounts capitalized, including amortization of deferred fees (27,128) (26,454) (24,460)
Loss on early extinguishment of debt (696) (138) 0
Loss from unconsolidated real estate entities 0 0 (1,231)
Gain on sale of investment in unconsolidated real estate entities 0 0 23,817
Gain from partial lease termination 164 0 0
Income (loss) before income tax expense 2,488 9,871 (18,845)
Income tax expense 0 0 0
Net income (loss) 2,488 9,871 (18,845)
Net loss (income) attributable to non-controlling interest 156 (66) 435
Net income (loss) attributable to Chatham Lodging Trust 2,644 9,805 (18,410)
Preferred dividends (7,950) (7,950) (3,975)
Net (loss) income attributable to common shareholders $ (5,306) $ 1,855 $ (22,385)
(Loss) income per common share - basic:      
Net (loss) income attributable to common shareholders (in dollars per share) $ (0.11) $ 0.04 $ (0.46)
(Loss) income per common share - diluted:      
Net (loss) income attributable to common shareholders (in dollars per share) $ (0.11) $ 0.04 $ (0.46)
Weighted average number of common shares outstanding:      
Basic (in shares) 48,847,386 48,795,642 48,349,027
Diluted (in shares) 48,847,386 49,058,722 48,349,027
Distributions per common share (in dollars per share) $ 0.28 $ 0.07 $ 0
Room      
Revenue:      
Total revenue $ 284,999 $ 272,265 $ 187,369
Expenses:      
Total hotel operating expenses 61,794 56,073 40,396
Food and beverage      
Revenue:      
Total revenue 8,124 7,303 3,525
Expenses:      
Total hotel operating expenses 6,352 5,520 2,404
Other      
Revenue:      
Total revenue 16,703 13,958 11,350
Reimbursable costs from related parties      
Revenue:      
Total revenue 1,283 1,325 1,731
Telephone      
Expenses:      
Total hotel operating expenses 1,439 1,449 1,502
Other hotel operating      
Expenses:      
Total hotel operating expenses 3,712 3,488 2,299
General and administrative      
Expenses:      
Total hotel operating expenses 28,884 26,085 20,424
Franchise and marketing fees      
Expenses:      
Total hotel operating expenses 24,897 23,674 16,560
Advertising and promotions      
Expenses:      
Total hotel operating expenses 6,085 5,397 3,721
Utilities      
Expenses:      
Total hotel operating expenses 13,007 12,048 10,255
Repairs and maintenance      
Expenses:      
Total hotel operating expenses 15,837 14,145 11,784
Management fees paid to related parties | Related Party      
Expenses:      
Total hotel operating expenses 10,557 10,133 7,156
Insurance      
Expenses:      
Total hotel operating expenses $ 2,822 $ 2,746 $ 2,792