SEC Comment Letter 0000000000-24-005598 to Chatham Lodging Trust (CLDT, CLDT-PA) (CIK 0001476045) (CLDT)
Chatham Lodging Trust (CLDT, CLDT-PA) (CIK 0001476045)
Date: May 15, 2024 · CIK: 0001476045 · Accession: 0000000000-24-005598
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-34693
Letter
United States securities and exchange commission logo May 15, 2024 Jeremy Wegner Chief Financial Officer Chatham Lodging Trust 222 Lakeview Avenue, Suite 200 West Palm Beach, Florida 33401 Re:Chatham Lodging Trust Form 10-K for the year ended December 31, 2023 Filed February 27, 2024 Form 8-K Filed February 27, 2024 File No. 001-34693 Dear Jeremy Wegner: We have reviewed your filings and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 8-K filed February 27, 2024 General 1.In your earnings release, you disclose Q1 2024 Guidance for Adjusted EBITDA, Adjusted FFO, Adjusted FFO per diluted share, and Hotel EBITDA margins without providing a reconciliation to the most directly related GAAP measure. In future filings, please include such reconciliation or, alternatively, provide a statement that the information could not be presented without unreasonable effort. Refer to Item 10(e)(1)(i)(B) of Regulation S-K and Questions 102.10(a) and 102.10(b) of the C&DIs for Non GAAP Financial Measures. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameJeremy Wegner Comapany NameChatham Lodging Trust May 15, 2024 Page 2 FirstName LastName Jeremy Wegner Chatham Lodging Trust May 15, 2024 Page 2 Please contact Ameen Hamady at 202-551-3891 or Kristina Marrone at 202-551-3429 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Real Estate & Construction
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United States securities and exchange commission logo
May 15, 2024
Jeremy Wegner
Chief Financial Officer
Chatham Lodging Trust
222 Lakeview Avenue, Suite 200
West Palm Beach, Florida 33401
Re:Chatham Lodging Trust
Form 10-K for the year ended December 31, 2023
Filed February 27, 2024
Form 8-K
Filed February 27, 2024
File No. 001-34693
Dear Jeremy Wegner:
We have reviewed your filings and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 8-K filed February 27, 2024
General
1.In your earnings release, you disclose Q1 2024 Guidance for Adjusted EBITDA, Adjusted
FFO, Adjusted FFO per diluted share, and Hotel EBITDA margins without providing
a reconciliation to the most directly related GAAP measure. In future filings, please
include such reconciliation or, alternatively, provide a statement that the information
could not be presented without unreasonable effort. Refer to Item 10(e)(1)(i)(B) of
Regulation S-K and Questions 102.10(a) and 102.10(b) of the C&DIs for Non GAAP
Financial Measures.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNameJeremy Wegner
Comapany NameChatham Lodging Trust
May 15, 2024 Page 2
FirstName LastName
Jeremy Wegner
Chatham Lodging Trust
May 15, 2024
Page 2
Please contact Ameen Hamady at 202-551-3891 or Kristina Marrone at 202-551-3429 if
you have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction