XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Equity Incentive Plan (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of Restricted Share Awards | A summary of the Company’s restricted share awards for the six months ended June 30, 2018 and the year ended December 31, 2017 is as follows:
| Six Months Ended |  | Year Ended
| June 30, 2018 |  | December 31, 2017
| Number of Shares |  | Weighted - Average Grant Date Fair Value |  | Number of Shares |  | Weighted - Average Grant Date Fair Value
Non-vested at beginning of the period | 57,514 |  |  | $ | 23.78 |  |  | 110,825 |  |  | $ | 22.05 |
Granted | — |  |  | — |  |  | 5,000 |  |  | 20.20 |
Vested | (30,084 | ) |  | 26.24 |  |  | (32,441 | ) |  | 25.77 |
Forfeited | (24,096 | ) |  | 21.21 |  |  | (25,870 | ) |  | 13.17 |
Non-vested at end of the period | 3,334 |  |  | $ | 20.20 |  |  | 57,514 |  |  | $ | 23.78 |
Schedule of Long Term Incentive Unit Awards | A summary of the Company's LTIP Unit awards for the six months ended June 30, 2018 and the year ended December 31, 2017 is as follows:
| Six Months Ended |  | Year Ended
| June 30, 2018 |  | December 31, 2017
| Number of Units |  | Weighted - Average Grant Date Fair Value |  | Number of Units |  | Weighted - Average Grant Date Fair Value
Non-vested at beginning of the period | 482,056 |  |  | $ | 16.58 |  |  | 295,551 |  |  | $ | 14.36 |
Granted | 244,917 |  |  | 16.94 |  |  | 223,922 |  |  | 19.20 |
Vested | (67,275 | ) |  | 16.42 |  |  | (37,417 | ) |  | 14.73 |
Forfeited | (183,300 | ) |  | $ | 14.13 |  |  | — |  |  | $ | — |
Non-vested at end of the period | 476,398 |  |  | $ | 17.15 |  |  | 482,056 |  |  | $ | 16.58 |
Schedule of Performance-Based Long-Term Incentive Plan Payout Unit Awards | The 2018 Performance-Based LTIP Unit Awards, if earned, will be paid out between 50% and 150% of target value as follows:
| Relative TSR Hurdles (Percentile) |  | Payout Percentage
Threshold | 25th |  | 50%
Target | 50th |  | 100%
Maximum | 75th |  | 150%
Schedule of Share-based Payment Award, Valuation Assumptions | The grant date fair values of the LTIPs and the assumptions used to estimate the values are as follows:
| Grant Date | Number of Units Granted | Estimated Value Per Unit | Volatility | Dividend Yield | Risk Free Interest Rate
Outperformance Plan LTIP Unit Awards | 6/1/2015 | 183,300 | $14.13 | 26% | 4.5% | 0.95%
2016 Time-Based LTIP Unit Awards | 1/28/2016 | 72,966 | $16.69 | 28% | —% | 0.79%
2016 Performance-Based LTIP Unit Awards | 1/28/2016 | 39,285 | $11.09 | 30% | 5.8% | 1.13%
2017 Time-Based LTIP Unit Awards | 3/1/2017 | 89,574 | $18.53 | 24% | —% | 0.92%
2017 Performance-Based LTIP Unit Awards | 3/1/2017 | 134,348 | $19.65 | 25% | 5.8% | 1.47%
2018 Time-Based LTIP Unit Awards | 3/1/2018 | 97,968 | $16.83 | 26% | —% | 2.07%
2018 Performance-Based LTIP Unit Awards | 3/1/2018 | 146,949 | $17.02 | 26% | 6.2% | 2.37%

X
- Definition Schedule of Share-based Payment Award, Performance-Based Long-Term Incentive Plan Payout Unit Awards [Table Text Block] + References No definition available. + Details
Name: | cldt_ScheduleofSharebasedPaymentAwardPerformanceBasedLongTermIncentivePlanPayoutUnitAwardsTableTextBlock
Namespace Prefix: | cldt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Share-based Payment Award, Valuation Assumptions [Table Text Block] + References No definition available. + Details
Name: | cldt_ScheduleofSharebasedPaymentAwardValuationAssumptionsTableTextBlock
Namespace Prefix: | cldt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration