Chatham Lodging Trust (CLDT) 8-K Company Overview & Business Update

Exhibit 99.1

COMPANY PRESENTATION

COMPANY PRESENTATION

APRIL 2013

APRIL 2013

JEFFREY FISHER, CEO

JEFFREY FISHER, CEO

COMPANY OVERVIEW & BUSINESS UPDATE

COMPANY OVERVIEW & BUSINESS UPDATE

Chatham Management Team

Chatham Management Team

Founder,

CEO

and

Chairman

of

Innkeepers

USA

Trust

(1994

–

2007)

Grew company from seven hotels at 1994 IPO to 74 hotels at sale in 2007

318% return (11.8% CAGR) versus 209% return for FTSE NAREIT Equity Lodging /

Resorts Index

Extensive lodging industry relationships

Significant ownership (3.4%) and investment (over $10 million) in Chatham Lodging Trust

Jeffrey Fisher (Chief Executive Officer and Chairman)

Partner of Addison Capital Advisors, a venture capital firm based in Memphis, TN

(2005 –

2006)

Vice

President

and

Chief

Accounting

Officer

of

RFS

Hotel

Investors

(2000

–

2004)

Dennis Craven (Chief Financial Officer and EVP)

Senior Vice President of The Kor Group, a leading owner and operator of luxury hotels

(2006 –

2009)

Oversaw $500 million of investments in 18 hotels

Peter Willis (Chief Investment Officer and EVP)

1

Chief Financial Officer and Executive Vice President of Innkeepers USA Trust (2006 – 2010)

Vice President of Acquisitions and Development for Innkeepers USA Trust (2001 – 2006)

Key Investment Highlights

Key Investment Highlights

Superior Select Service Operating Model

High Quality Hotel Portfolio in Attractive MSAs

Significant Embedded Growth and Attractive Acquisition Opportunities

Upside From Recently Completed Renovation / Upgrade Investments

Innkeepers Acquisition in 2011 Generating Strong Returns

Generating Strong Financial Results

Leading Common Dividend Yield

2

Successfully Executing Business Plan

Successfully Executing Business Plan

Acquired

20

hotels

for

over

$465

(1)

million

since

IPO

and

a

10.3%

interest

in

$1.1

billion

Innkeepers joint venture with Cerberus Capital Management

Premium brands (Residence Inn, Homewood Suites, Courtyard, Hampton)

58%

of

assets

in

major

markets

(New

York,

D.C.,

Boston,

and

Southern

California)

(1)

Attractive valuations with upside potential (estimated high-single to low-double digit cap rates)

Substantial pipeline of additional acquisition opportunities

Operating performance of hotels and joint venture exceeding expectations

Increased RevPAR 8.0% year-over-year for the year ended Dec. 31, 2012

RevPAR up approx. 7.6% year-over-year for the quarter ended Dec. 31, 2012

Significant

upside

potential

from

recently

completed

renovations

across

~70%

of

the

portfolio

Accessed capital markets to maintain financial flexibility and fund growth initiatives

Completed $53 million follow-on offering in January 2013

Upsized,

reduced

costs

and

extended

revolving

credit

facility

to

$105

million

(matures

Nov.

2015)

Delivering leading returns to shareholders

One

of

top

performing

lodging

REIT

stocks

in

2012

with

43%

increase

in

share

price

(2)

Announced

5%

increase

in

common

dividend

to

$0.84

per

share

in

FY

2013

(4.8%

yield)

(3)

Annual dividend has grown 20% since IPO in 2010

1.

Pro

forma

for

Houston,

TX

hotel

acquisition

on

February

6,

2013.

Based

on

percentage

of

total

acquisition

cost.

2.

Based on year-end closing stock price of $15.38 on December 31, 2012.

3.

Based on closing stock price of $17.56 as of March 27, 2013.

3

COMPANY STRATEGY & ACQUISITIONS

COMPANY STRATEGY & ACQUISITIONS

JEFFREY FISHER, CEO

JEFFREY FISHER, CEO

Chatham Strategy

Chatham Strategy

Focused on premium branded select service hotels

Strong brands in high barrier to entry markets delivers higher RevPAR and

market share than other select service hotels

Only four public lodging REITs focused on select service hotel sector

Favorable select service operating margins

Targeting acquisitions at high-single to low-double digit cap rates

Meaningful floor on returns even if recovery is slower than expected

Attractive cash-on-cash returns and cap rates vs. upper upscale full service hotels

Significant upside potential from RevPAR growth, high margins and flow-through

Projected

lodging

industry

RevPAR

growth

of

over

20.0%

over

the

next

four

years

(1)

Target high growth markets within the 25 largest MSAs

Leverage existing platform / corporate overhead through future acquisitions

Limited incremental overhead from future acquisitions (favorable

operating leverage)

Maintain balanced leverage

Continue

to

grow

common

dividend

(current

annualized

dividend

yield

of

~4.8%)

(2)

1.

Green Street Advisors, 2013-2016E.

2.

Based on closing stock price of March 27, 2013.

4

On December 27, 2012, Chatham acquired the

122-room Hampton Inn Portland Downtown

Waterfront in Portland, Maine for $28 million

Purchase price includes adjacent lot that can

be developed or sold

Accretive off-market acquisition

Ideally located in Old Port district on the

downtown Portland peninsula offering ready

access to the waterfront, historical attractions,

boutiques, many restaurants and bars

Trip Advisor #1 rated hotel in the Portland

market

Portland was voted “Best Destination for U.S.

Travel”

by AARP and the “Foodiest Small

Town in America”

by Bon Appetit Magazine

Ground floor includes separately-owned and

operated Sebago Brewing Company

The property is managed by Island Hospitality

Management, which is 90% owned by Mr. Fisher

5

Hampton Inn, Portland

Downtown Waterfront

Acquisition Overview

New Hotel Acquisition – Portland, Maine

On February 6, 2013, Chatham acquired the 197-

room Courtyard by Marriott at the Houston Medical

Center in Houston, TX for $34.75 million

Accretive off-market acquisition

Opened in February 2010, the hotel features

Marriott's new lobby concept and three meeting

rooms comprising approximately 2,000 square feet

Adjacent to the world's largest medical complex,

the Texas Medical Center, which hosts over 50

medical organizations and will continue its

expansion with $7.1 billion of capital investment

planned by 2014

Houston is the nation's fifth largest metropolitan

area and home to 26 Fortune 500 companies. The

city has seen the highest employment gains in the

U. S. for the last six years

Property is located within close proximity to

Chatham’s Hampton Inn Medical Center hotel

The property is managed by Island Hospitality

Management, which is 90% owned by Mr. Fisher

6

Acquisition Overview

Courtyard by Marriott

Houston Medical Center

New Hotel Acquisition – Houston, Texas

Innkeepers JV Investment

Innkeepers JV Investment

In October 2011, Chatham invested $37 million for a 10.3% interest in a JV with Cerberus that

acquired 64 hotels from the bankruptcy estate of Innkeepers USA Trust

Net purchase price ~$118,000 per key

~34% discount to Apollo’s 2007 investment in portfolio

$21.2 million of invested capital returned to the Company as of Dec. 31, 2012 with net proceeds

from incremental new mortgage financing, the sale of eight non-core hotels and distributions of cash

flow generated from operations

Represents 57% of the Company’s initial investment returned within 12 months

Attractive return profile

Upside from completed / prefunded capital expenditures with RevPAR performance exceeding

original expectations

Received over $4 million cash dividends from joint venture operations for the year ended Dec. 31,

2012

Allows Chatham to leverage corporate infrastructure / overhead of JV

7

HOTEL

HOTEL

PORTFOLIO

PORTFOLIO

DENNIS CRAVEN, CFO

DENNIS CRAVEN, CFO

High Quality Hotel Portfolio in Attractive MSAs

High Quality Hotel Portfolio in Attractive MSAs

8

Boston (3%):

Homewood Suites Billerica

Hartford (2%):

Homewood Suites Farmington

Minnesota (4%):

Homewood Suites Bloomington

Pennsylvania (5%):

Courtyard Altoona

Springhill Suites Washington

Nashville (2%):

Homewood Suites Brentwood

Orlando (2%):

Homewood Suites Maitland

Houston (11%)

(1)

: :

Courtyard Houston Medical Center

Hampton Inn & Suites Houston Medical

Center

Dallas (2%):

Homewood Suites Dallas

San Diego (18%):

Homewood Suites Carlsbad

Residence Inn San Diego

Los Angeles (9%):

Residence Inn Anaheim

San Antonio (7%):

Homewood Suites San Antonio

Note: MSA / State (% of Total Acquisition Cost)

1. Acquisition closed February 6, 2013.

Washington D.C. (14%):

DoubleTree Washington D.C.

Residence Inn Tysons Corner

New York (14%):

Residence Inn Holtsville

Residence Inn White Plains

Residence Inn New Rochelle

58% of Chatham’s portfolio is located in New York, Washington DC, Boston and Southern

California markets

Portland, ME (6%)

Hampton Inn, Portland Downtown

Waterfront

Market Leading RevPAR Growth

___________________________

Source: Company filings and earnings announcements.

Chatham is delivering strong RevPAR growth versus peers

RevPAR

increased

approximately

8.0%

year-over-year

for

the

twelve

months

ended

Dec.

31,

2012

9.7%

8.8%

8.1%

8.0%

6.4%

6.1%

5.8%

5.3%

5.1%

4.6%

6.9%

7.4%

5.6%

$97

$103

$160

$134

$139

$99

$119

$181

$107

$147

$65

$175

$142

0%

2%

4%

6%

8%

10%

12%

Summit

Chesapeake

Pebblebrook

Chatham

RLJ

Strategic

Host

Hersha

Ashford

Sunstone

DiamondRock

FelCor

LaSalle

RevPAR Growth

$0

$50

$100

$150

$200

$250

$300

$ RevPAR

9

RevPAR Growth (Twelve months ended Dec. 31, 2012)

Market Leading EBITDA Margins

Market Leading EBITDA Margins

Chatham is delivering market leading EBITDA margins

Hotel EBITDA Margin (Twelve months ended Dec. 31, 2012)

Source: Company filings and earnings announcements.

Chatham’s premium branded select service hotels generate high RevPAR levels and have low

operating costs

10

37.4%

35.9%

34.1%

33.9%

32.1%

32.1%

31.1%

28.9%

27.4%

27.2%

24.9%

24.0%

22.4%

0%

5%

10%

15%

20%

25%

30%

35%

40%

Chatham

Hersha

Chesapeake

RLJ

LaSalle

Ashford

Summit

Sunstone

Pebblebrook

DiamondRock

FelCor

Host

Strategic

Market Leading Flow-Through Performance

Hotel EBITDA Margin Improvement (Twelve months ended Dec. 31, 2012)

Renovations helping deliver increased penetration and margin improvement

Source: Company filings and earnings announcements.

263bps

249bps

230bps

165bps

160bps

140bps

130bps

120bps

113bps

110bps

87bps

78bps

50bps

0bps

50bps

100bps

150bps

200bps

250bps

300bps

Pebblebrook

Summit

Chesapeake

Ashford

Chatham

Host

Strategic

Hersha

LaSalle

Sunstone

DiamondRock

RLJ

FelCor

growth (bps)

11

Attractive Relative Valuation

Attractive Relative Valuation

Chatham trades at an attractive relative valuation versus lodging REIT peers

Price to 2013E FFO Multiple

Note: Based on closing stock prices as of March 27, 2013.

Source:

FactSet,

SNL

and

Company

Filings.

FFO

or

“Funds

from

Operations”

per

FYE

2013

Consensus

estimates.

12

22.1x

17.0x

15.7x

13.8x

13.8x

13.4x

13.0x

12.4x

11.9x

11.7x

11.0x

10.8x

7.4x

0.0x

5.0x

10.0x

15.0x

20.0x

25.0x

BEE

PEB

FCH

CHSP

HST

SHO

HT

DRH

INN

LHO

CLDT

RLJ

AHT

P / FFO

Market Leading Common Dividend Yield

Market Leading Common Dividend Yield

Chatham delivers a market leading dividend yield of 4.8%

On

December

4

th

,

2012,

Chatham

announced

a

5%

increase

to

its

common

dividend

to

$0.84

per

share

in

calendar 2013 (4.8% yield)

The Company converted from a quarterly to a monthly dividend payment beginning in January 2013

Represents the Company’s second dividend increase since IPO and a 20% total increase from its original

annual dividend rate of $0.70 per share

13

4.8%

4.4%

4.2%

3.8%

3.7%

3.1%

0.0%

0.0%

0.0%

2.5%

4.1%

3.7%

2.3%

52%

52%

32%

42%

37%

46%

28%

54%

58%

39%

0%

1%

2%

3%

4%

5%

6%

Chatham

Summit

Chesapeake

Hersha

Ashford

DiamondRock

RLJ

LaSalle

Pebblebrook

Host

Strategic

FelCor

Sunstone

Dividend Yield

0%

20%

40%

60%

80%

100%

120%

FFO Payout Ratio

Cash Dividend Yield / Payout Ratio

Note: Based on closing stock prices as of March 27, 2013.

Source:

FactSet,

SNL

and

Company

Filings.

FFO

or

“Funds

from

Operations”

per

FYE

2013

Consensus

estimates.

FINANCIAL UPDATE

FINANCIAL UPDATE

DENNIS CRAVEN, CFO

DENNIS CRAVEN, CFO

–

2012 Financial Update

2012 Financial Update

Comparable

Hotel

RevPAR

–

Increased

7.6

percent

year-over-year

to

$102

in

Q4

2012;

RevPAR

up

8.0

percent

year-over-year

to

$107

for

twelve

months

ended

Dec.

31,

2012

Adjusted

EBITDA

–

Increased

81.0

percent

year-over-year

to

$40.9

million

for

twelve

months

ended Dec. 31, 2012

Comparable

Hotel

EBITDA

Margins

–

Advanced

160

basis

points

year-over-year

to

37.4 percent for the twelve months ended Dec. 31, 2012, among the highest in the industry

Adjusted

FFO –

Increased adjusted FFO per diluted share 46 percent year-over-year to $1.30 for

the twelve months ended Dec. 31, 2012

Joint

Venture

Portfolio

–

Continued

to

exceed

internal

budget

expectations

for

RevPAR

and

EBITDA. Received total distributions of $21.2 million or 57.3 percent of Chatham’s initial

investment in the joint venture since making the investment in 2011

Exercised

accordion

feature

to

extend

facility

capacity

to

$105

million

in

Jan.

2013

Refinanced

Mortgage

Debt

–

Refinanced

approx.

$80

million

in

mortgage

loans

on

three

assets

in Q1 2013 with new 10-year mortgages at a fixed rate of approximately 4.6 percent

Increased

Common

Dividend

–

Announced

a

5

percent

increase

to

common

dividend

to

$0.84

per

share

in

calendar

2013

(4.8

percent

yield)

(1)

1.

Based on closing stock price of $17.56 as of March 27, 2013.

14

to $95 million (maturing Nov. 2015) and lowered costs by approx. 250 basis points

Upsized and extended revolving credit facility

Renewed Revolving Credit Facility in Nov. 2012

$5

$120

$16

$83

$84

$89

$0

$20

$40

$60

$80

$100

$120

$140

$160

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

($ in millions)

Mortgage Debt (5)

JV Mortgage Debt

Drawn Revolver

Pro Forma Debt Maturities

Summary Capitalization

Summary Capitalization

Sources: Company filings and announcements.

1.

Pro forma for January 2013 follow-on offering (3.6 million shares).

2.

Pro forma for $35 million acquisition of Courtyard by Marriott at the Houston Medical Center, $50 million net proceeds from equity offering, and $19.8 million mortgage repayment of the Doubletree

Suites by Hilton Washington, DC.

3.

Pro

forma

for

$19.8

million

mortgage

repayment

of

the

Doubletree

Suites

by

Hilton

Washington,

DC.

4.

Reflects the Company’s share of Joint Venture debt.

5.

Not pro forma for $80 million refinancing in Q1 2013 of the Residence Inn by Marriott San Diego, CA, the Residence Inn by Marriott Tysons Corner, VA and the Homewood Suites by Hilton on the

Riverwalk in San Antonio, TX.

Pro Forma Capitalization

15

($

in

millions,

except

per

share

data)

12/31/2012

Pro

(As Reported)

Adj.

Forma

Share Price (as of 3/27/13)

$17.56

$17.56

Diluted Shares & Units O/S

(1)

14.0

3.6

17.6

Market Capitalization

$246.1

$309.1

Revolving Credit Facility

(1) (2)

$79.5

$4.6

$84.1

Mortgage Debt

(3)

159.7

(19.8)

139.9

JV Mortgage Debt

(4)

82.9

82.9

Total Debt

$322.2

$307.0

Less: Unrestricted Cash

(2)

(4.5)

0.0

(4.5)

Net Debt

$317.7

$302.5

Enterprise Value

$563.7

$611.6

Chatham Returns vs. Peers (LTM)

Chatham Returns vs. Peers (LTM)

Chatham has been among  the best performing lodging stocks over the past year and is

paying a market-leading dividend

Source: FactSet.

Full Service Index is a composite index of PEB, HST, LHO, SHO, DRH, and CHSP.

LTD Service Index is a composite index of RLJ, HT, and INN.

16

Share Price Performance

Total Returns

18%

4%

31%

24%

7%

40%

Safe Harbor Disclosure

Safe Harbor Disclosure

We make forward-looking statements in this presentation that are subject to risks and uncertainties. These

forward-looking

statements

include

information

about

possible

or

assumed

future

results

of

its

business,

financial

condition,

liquidity,

results

of

operations,

cash

flow

and

plans

and

objectives.

When

we

use

the

words

“believe,”

“expect,”

“anticipate,”

“estimate,”

“plan,”

“continue,”

“intend,”

“should,”

“may”

or similar expressions, we intend to

identify forward-looking statements.

Statements regarding the following subjects, among others, may be forward-looking: use of the proceeds of this

offering; market trends in its industry, interest rates, real estate values, the debt financing markets or the general

economy or the demand for commercial real estate loans; its business and investment strategy; its projected

operating

results;

actions

and

initiatives

of

the

U.S.

government

and

changes

to

U.S.

government

policies

and

the

execution

and

impact

of

these

actions,

initiatives

and

policies;

the

state

of

the

U.S.

economy

generally

or

in

specific geographic regions; economic trends and economic recoveries; its ability to obtain and maintain financing

arrangements; changes in the value of its hotel portfolio; the degree to which its hedging strategies may or may

not protect us from interest rate volatility; impact of and changes in governmental regulations, tax law and rates,

accounting guidance and similar matters; its ability to satisfy the REIT qualification requirements for U.S. federal

income tax purposes; availability of qualified personnel; estimates relating to its ability to make distributions to its

shareholders in the future; general volatility of the capital markets and the market price of its common shares;

and degree and nature of its competition.

The forward-looking statements are based on its beliefs, assumptions and expectations of its future performance,

taking into account all information currently available to us. Forward-looking statements are not predictions of

future events. These beliefs, assumptions and expectations can change as a result of many possible events or

factors, not all of which are known to us. If a change occurs, its business, financial condition, liquidity and results

of operations may vary materially from those expressed in its forward-looking statements. Any forward-looking

statement speaks only as of the date on which it is made. New risks and uncertainties arise over time, and it is

not possible for us to predict those events or how they may affect us. Except as required by law, we are not

obligated to, and do not intend to, update or revise any forward-looking statements, whether as a result of new

information, future events or otherwise.

17