Chatham Lodging Trust

Sales enhance portfolio quality, provide ample liquidity for growth.

Acquisition adds exposure to sunbelt population boom.

The hotel will be managed by Island Hospitality Management, which is owned by Fisher.

The new additions will further strengthen the leadership expertise, skillsets and diversity represented on the company’s board of trustees as

Invests in one of the strongest real estate markets in the country.

Cash burn erased with April RevPAR.

Generated positive adjusted EBITDA in 2020, balance sheet remains strong.

Extends relief on key covenant requirements; Balance sheet and liquidity remain strong.

Sale highlights portfolio value, liquidity position among top lodging REITs.

Portfolio Revenue per Available Room (RevPAR) declined 21.8 percent to $96, compared to the 2019 first quarter. Average daily rate