Chatham Lodging Trust (reit) · NYSE:CLDT
Chatham Lodging Trust (reit) — Q4 2025 Earnings Presentation
25 slides from Chatham Lodging Trust (reit)'s earnings presentation, Feb 25, 2026
Slide 1: Investor Presentation
Investor Presentation March 2026
Slide 2: Safe Harbor Disclosure
Safe Harbor Disclosure We make forward-looking statements in this presentation that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, cash flow
Slide 3: Business Highlights
Business Highlights Outperforming peers and industry on top and bottom line FY ‘24 RevPAR up 2.8% versus industry growth of 1.8% and FY ’25 RevPAR down 0.1% versus industry RevPAR of -0.3% and industry upscale segment RevPAR of -1.2% Chatham’s RevPAR growth has exceeded industry for four conse
Slide 4: Chatham Monthly RevPAR Performance
Chatham Monthly RevPAR Performance Occ - Prior Yr Occ ADR - Prior Yr ADR RevPAR $200 90% $199 $200 $198 $192 $200 $187 $199 $190 $199 $187 $197 $195 $189 $183 80% $179 $186 $184 $186 82% 82% 82% 82% $172 $169 $179 80% 80% $175 78% 78% $161 $171 $165 $155 75% 70% $165 73% $161 $164 71% $158 $145 $156
Slide 5: Chatham's RevPAR is Outperforming Peers
Chatham’s RevPAR is Outperforming Peers Chatham RevPAR performance has exceeded its limited-service peers RevPAR Growth – FY 2024 Full Service Limited Service 2.9% 2.8% 2.6% 2.0% 1.8% 1.6% 1.6% 1.4% 1.3% 0.9% 0.7% -0.3% -2.4% PK DRH XHR PEB RHP HST AHT BHR SHO CLDT RLJ INN APLE RevPAR Growth – FY 20
Slide 6: Industry Leading EBITDA Margins
Industry Leading EBITDA Margins Chatham’s intense focus on cost control and superior portfolio of extended stay and upscale limited-service hotels in markets with high RevPAR generate industry leading EBITDA margins Acquired portfolio EBITDA margin of 42% will enhance Chatham’s EBITDA margin EBITD
Slide 7: Significant Upside From Recovery in Business Travel
Significant Upside From Recovery in Business Travel CLDT has significant upside at its largest hotels where demand is driven by business travel Chatham’s five Residence Inns located in Silicon Valley and Bellevue generated $21.5 million of EBITDA for the LTM ended 12/31/25 versus $35.0 million in
Slide 8: Significant Upside From Recovery in Business Travel
Significant Upside From Recovery in Business Travel Pro Forma EBITDA Assuming Recovery of Silicon Valley and Bellevue to 2019 EBITDA ($ in 1,000s) $270 $13,521 $10,333 $2,086 $114,307 $114,577 $102,872 $100,786 $100,786 $104,244 LTM 12/31/25 PF Impact of Incremental Pro Forma LTM 12/31/25 LTM 12/31/
Slide 9: Capitalization / Enterprise Value
Capitalization / Enterprise Value Common Shares 47,254 Vested Units 2,192 Total Shares and Units 49,446 Stock Price (as of 2/27/26) $7.71 Equity Market Capitalization $381,225 Revolving Credit Facility $0 Term Loan 200,000 CMBS 143,225 Total Debt @ 12/31/25 $343,225 Preferred Equity $120,000 Less Un
Slide 10: Successful Capital Recycling
Successful Capital Recycling Dispositions Additions Hilton Garden Inn Burlington Homewood Bloomington Home2 Warner Center Homewood Joplin Courtyard Houston West U Homewood Maitland Residence Inn Austin Home2 Joplin Residence Inn Houston West U Homewood Brentwood TownePlace Suites Austin Home2 Effing
Slide 11: Midwest Portfolio Acquisition
Midwest Portfolio Acquisition On 3/3/26 Chatham acquired a portfolio of six high-quality Hilton branded hotels with 589 rooms in the Midwest for $92 million Hotels operate under the Homewood Suites, Home2 Suites and Hampton Inn & Suites Brands 66% of portfolio’s room are extended stay Averag
Slide 12: Midwest Portfolio Hotel Locations
Midwest Portfolio Hotel Locations Champaign Trenton Butler Quincy Savannah 35 Decatur Springfield Marceline 72 54 24 55 Home2 Suites Carrollton Effingham 435 51 Mexico Kansas City Hampton Inn Alton & Suites Overland Park 70 Effingham Illinois Columbia Olathe Sedalia St. Louis 57 64 70 50 Jefferson C
Slide 13: Midwest Portfolio Summary
Midwest Portfolio Summary The Midwest portfolio compares favorably to Chatham’s existing portfolio and the hotels it has sold over the last two years Trading older, lower RevPAR hotels for newer, higher RevPAR / higher margin hotels enhances portfolio value RevPAR ($) Age (Years) $142 25 $116 21 $
Slide 14: Hilton Midwest Portfolio
Hilton Midwest Portfolio WT CHATHAM LODGING TRUST
Slide 15: Hilton Midwest Portfolio
Hilton Midwest Portfolio CUATHAM 45
Slide 16: Solid Liquidity and Limited Debt Maturities
Solid Liquidity and Limited Debt Maturities Chatham had $324 million of liquidity at 12/31/25 Chatham’s credit facility refinancing in September 2025 increased liquidity and extended debt maturities Chatham Debt Maturities at 12/31/25 ($ in millions) $300 $200 $58 $25 $23 $37 2026 2027 2028 2029 2
Slide 17: Significant Debt Reduction
Significant Debt Reduction Chatham reduced its net debt by $457 million since 3/31/20 Chatham has a strong balance sheet that positions the company for future growth % Change in Net Debt (3/31/20 to 12/31/25) 94% 65% 25% 14% 14% 5% 1% -1% -1% -43% -41% -59% CLDT PK AHT BHR PEB DRH XHR APLE INN RLJ
Slide 18: Chatham Has Low Leverage
Chatham Has Low Leverage Chatham has capacity to meaningfully increase FFO/share through acquisitions and share repurchases Acquiring $100 million of hotels at a 9% cap rate would increase EBITDA and FFO/share by 12% and 9% $10 million of share repurchases is 2% accretive to FFO/share Net Debt /
Slide 19: Portfolio Overview
Portfolio Overview
Slide 20: High Quality Hotels in Attractive Markets
High Quality Hotels in Attractive Markets 20
Slide 21: High Quality Hotels in Attractive Markets
High Quality Hotels in Attractive Markets 21
Slide 22: High Quality Hotels in High Quality Markets
High Quality Hotels in High Quality Markets Chatham’s superior portfolio is reflected by its top brands and attractive markets Significant upside as key markets (Silicon Valley / Bellevue) recover Chatham Markets (% of LTM 12/31/25 Hotel EBITDA) Chatham Markets (% of 2019 Hotel EBITDA) Other Silic
Slide 23: High Quality Hotels in High Quality Markets
High Quality Hotels in High Quality Markets Chatham’s superior portfolio is reflected by its top brands and attractive markets 66% of Chatham’s LTM EBITDA was generated by extended stay hotels Chatham Brands (% of LTM 12/31/25 Hotel EBITDA) Chatham Brands (% of 2019 Hotel EBITDA) Homewood Other Ot
Slide 24: Pure Play Limited-Service Portfolio with High RevPAR
Pure Play Limited-Service Portfolio with High RevPAR Chatham has the highest RevPAR of the three lodging REITs that are focused almost entirely on the limited-service segment and the most upside as business recovers High quality assets in top markets Limited-Service Rooms as % of Total RevPAR 96%
Slide 25: Most Extended Stay Rooms of All Lodging REITs
Most Extended Stay Rooms of All Lodging REITs Chatham has a unique portfolio with a significantly larger concentration of extended stay rooms than other lodging REITs Extended stay room product performs well in all lodging environments and dramatically outperformed during the pandemic Extended s
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