Chatham Lodging Trust
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2. Properties
The following table sets forth certain operating information for our hotels as of December 31, 2023:
| Property · Location · Date of Acquisition · Year Opened · Number of Rooms · Purchase Price · Purchase Price per Room · Mortgage Debt Balance | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Homewood Suites by Hilton Boston-Billerica/ Bedford/ Burlington | Billerica, Massachusetts | 4/23/2010 | 1999 | 147 | $12.5 | million | $85,714 | $14.5 | million |
| Homewood Suites by Hilton Minneapolis-Mall of America | Bloomington, Minnesota | 4/23/2010 | 1998 | 144 | $18.0 | million | $125,000 | — | |
| Homewood Suites by Hilton Nashville-Brentwood | Brentwood, Tennessee | 4/23/2010 | 1998 | 121 | $11.3 | million | $93,388 | — | |
| Homewood Suites by Hilton Hartford-Farmington | Farmington, Connecticut | 4/23/2010 | 1999 | 121 | $11.5 | million | $95,041 | — | |
| Homewood Suites by Hilton Orlando-Maitland | Maitland, Florida | 4/23/2010 | 2000 | 143 | $9.5 | million | $66,433 | — | |
| Hampton Inn & Suites Houston-Medical Center | Houston, Texas | 7/2/2010 | 1997 | 120 | $16.5 | million | $137,500 | $16.3 | million |
| Residence Inn Long Island Holtsville | Holtsville, New York | 8/3/2010 | 2004 | 124 | $21.3 | million | $171,774 | — | |
| Residence Inn White Plains | White Plains, New York | 9/23/2010 | 1982 | 136 | $21.2 | million | $159,398 | — | |
| Residence Inn New Rochelle | New Rochelle, New York | 10/5/2010 | 2000 | 127 | $21.0 | million | $169,355 | — | |
| Residence Inn Garden Grove | Garden Grove, California | 7/14/2011 | 2003 | 200 | $43.6 | million | $218,000 | $29.5 | million |
| Homewood Suites by Hilton San Antonio River Walk | San Antonio, Texas | 7/14/2011 | 1996 | 146 | $32.5 | million | $222,603 | — | |
| Residence Inn Washington DC | Washington, DC | 7/14/2011 | 1974 | 104 | $29.4 | million | $280,000 | — | |
| Residence Inn Tysons Corner | Vienna, Virginia | 7/14/2011 | 2001 | 121 | $37.0 | million | $305,785 | — | |
| Hampton Inn Portland Downtown | Portland, Maine | 12/27/2012 | 2011 | 125 | $28.0 | million | $229,508 | — | |
| Courtyard Houston | Houston, Texas | 2/5/2013 | 2010 | 197 | $34.8 | million | $176,395 | — | |
| Hyatt Place Pittsburgh North Shore | Pittsburgh, Pennsylvania | 6/17/2013 | 2010 | 178 | $40.0 | million | $224,719 | — | |
| Hampton Inn Exeter | Exeter, New Hampshire | 8/9/2013 | 2010 | 111 | $15.2 | million | $136,937 | — | |
| Hilton Garden Inn Denver Tech | Denver, Colorado | 9/26/2013 | 1999 | 180 | $27.9 | million | $155,000 | — | |
| Residence Inn Bellevue | Bellevue, Washington | 10/31/2013 | 2008 | 231 | $71.8 | million | $316,883 | — | |
| Springhill Suites Savannah | Savannah, Georgia | 12/5/2013 | 2009 | 160 | $39.8 | million | $248,438 | $27.8 | million |
| Residence Inn Silicon Valley I | Sunnyvale, CA | 6/9/2014 | 1983 | 231 | $92.8 | million | $401,776 | $60.1 | million |
| Residence Inn Silicon Valley II | Sunnyvale, CA | 6/9/2014 | 1985 | 248 | $102.0 | million | $411,103 | $65.6 | million |
| Residence Inn San Mateo | San Mateo, CA | 6/9/2014 | 1985 | 160 | $72.7 | million | $454,097 | $45.1 | million |
| Residence Inn Mountain View | Mountain View, CA | 6/9/2014 | 1985 | 144 | $56.4 | million | $503,869 | $35.2 | million |
| Hyatt Place Cherry Creek | Glendale, CO | 8/29/2014 | 1987 | 199 | $32.0 | million | $164,948 | — | |
| Courtyard Addison | Addison, TX | 11/17/2014 | 2000 | 176 | $24.1 | million | $137,178 | — | |
| Residence Inn San Diego Gaslamp | San Diego, CA | 2/25/2015 | 2009 | 240 | $90.0 | million | $375,000 | — | |
| Residence Inn Dedham | Dedham, MA | 7/17/2015 | 2008 | 81 | $22.0 | million | $271,605 | — | |
| Residence Inn Il Lugano | Fort Lauderdale, FL | 8/17/2015 | 2013 | 105 | $33.5 | million | $319,048 | — | |
| Hilton Garden Inn Marina del Rey | Marina del Rey, CA | 9/17/2015 | 1998 | 136 | $45.1 | million | $336,194 | $19.0 | million |
| Home2 Suites Woodland Hills | Woodland Hills, CA | 8/29/2017 | 2022 | 170 | $70.9 | million | $418,107 | — | |
| Hilton Garden Inn Portsmouth | Portsmouth, NH | 9/20/2017 | 2006 | 131 | $43.5 | million | $332,061 | — | |
| Summerville Courtyard | Summerville, SC | 11/15/2017 | 2014 | 96 | $20.2 | million | $210,417 | $9.0 | million |
| Embassy Suites Springfield | Springfield, VA | 12/6/2017 | 2013 | 219 | $68.0 | million | $310,502 | — | |
| Summerville Residence Inn | Summerville, SC | 8/27/2018 | 2018 | 96 | $20.8 | million | $216,667 | $9.5 | million |
| Dallas DT Courtyard | Dallas, TX | 12/5/2018 | 2018 | 167 | $49.0 | million | $293,413 | $24.5 | million |
| Residence Inn Austin Northwest/The Domain Area | Austin, TX | 8/3/2021 | 2016 | 132 | $37.0 | million | $280,000 | $20.9 | million |
| TownePlace Suites Austin Northwest/The Domain Area | Austin, TX | 8/3/2021 | 2021 | 137 | $34.3 | million | $250,000 | $19.1 | million |
| Hilton Garden Inn Destin Miramar Beach | Miramar Beach, FL | 3/8/2022 | 2020 | 111 | $31.0 | million | $279,000 | — | |
| Total | 5,915 | $1,488.1 | million | $251,581 | $396.1 | million | |||
We lease our headquarters at 222 Lakeview Avenue, Suite 200, West Palm Beach, FL 33401. The lease for our headquarters has an initial term that expires in 2026 and the Company has an option to renew the lease for up to two successive terms of five years each. The Residence Inn New Rochelle hotel is subject to an air rights lease and garage lease that each expire on December 1, 2104. The Residence Inn San Diego Gaslamp hotel is subject to a ground lease with an expiration of
January 31, 2065. The Hilton Garden Inn Marina del Rey hotel is subject to a ground lease with an expiration of December 31, 2067. For more information on the leases to which we or our hotels are subject, see "Item 1. Business - Operating Leases".
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.