Chatham Lodging Trust

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

Provides ample liquidity and relieves key covenant requirements.

Some of the major steps include suspended its monthly dividend, preserving approximately $5.3 million per month and approximately $64 million

Upon Peter Willis’s departure, his responsibilities will be assumed by Jeffrey Fisher and Dennis Craven, Chatham’s chief operating officer.

Sale enhances portfolio quality.

Mary Beth Higgins currently serves as the interim Chief Financial Officer (CFO) and Chief Operating Officer of Affinity Gaming Inc.,

South Carolina has been one of the fastest growing states in the country over the last five years due to