Correspondence 0001476045-24-000039 from Chatham Lodging Trust (CLDT, CLDT-PA) (CIK 0001476045) (CLDT)
Chatham Lodging Trust (CLDT, CLDT-PA) (CIK 0001476045)
Date: May 21, 2024 · CIK: 0001476045 · Accession: 0001476045-24-000039
AI Filing Summary & Sentiment
File numbers found in text: 001-34693
Referenced dates: May 15, 2024
Letter
Document
May 21, 2024
VIA EDGAR
United Stated Securities and Exchange Commission
Division of Corporation Finance
Office of Real Estate & Construction
100 F Street, N.E.
Washington, D.C. 20549
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
Ladies and Gentlemen:
Chatham Lodging Trust, a Maryland real estate investment trust (the “Company”), is transmitting for filing the Company’s response to the comment of the staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”) contained in your letter dated May 15, 2024.
For convenience, the comment contained in your May 15, 2024 letter is reprinted below in italics and followed by the response of the Company.
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.
RESPONSE: The Company understands and appreciates the Staff’s comment. In future earnings releases, commencing with its earnings release for the quarter ending June 30, 2024, to the extent that the Company provides its guidance for non-GAAP financial measures, the Company will also provide corresponding reconciliations to the most directly related GAAP measures.
If you have any questions or comments regarding the foregoing, or have additional questions or comments, please contact the undersigned at (561) 227-1372.
Sincerely,
/s/ Jeremy B. Wegner
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CORRESP 1 filename1.htm Document May 21, 2024 VIA EDGAR United Stated Securities and Exchange Commission Division of Corporation Finance Office of Real Estate & Construction 100 F Street, N.E. Washington, D.C. 20549 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 Ladies and Gentlemen: Chatham Lodging Trust, a Maryland real estate investment trust (the “Company”), is transmitting for filing the Company’s response to the comment of the staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”) contained in your letter dated May 15, 2024. For convenience, the comment contained in your May 15, 2024 letter is reprinted below in italics and followed by the response of the Company. 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. RESPONSE: The Company understands and appreciates the Staff’s comment. In future earnings releases, commencing with its earnings release for the quarter ending June 30, 2024, to the extent that the Company provides its guidance for non-GAAP financial measures, the Company will also provide corresponding reconciliations to the most directly related GAAP measures. If you have any questions or comments regarding the foregoing, or have additional questions or comments, please contact the undersigned at (561) 227-1372. Sincerely, /s/ Jeremy B. Wegner Name: Jeremy B. Wegner Title: Senior Vice President and Chief Financial Officer 222 Lakeview Avenue, Suite 200 West Palm Beach, FL 33401