XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Investment in Hotel Properties | 12 Months Ended
--- | ---
Dec. 31, 2021
Schedule of Investments [Abstract] |
Investment in Hotel Properties | Investment in Hotel Properties Investment in hotel properties, net Investment in hotel properties, net as of December 31, 2021 and 2020 consisted of the following (in thousands):
| December 31, 2021 |  | December 31, 2020
Land and improvements | $ | 291,768 |  |  | $ | 287,049 |
Building and improvements | 1,258,845 |  |  | 1,195,276 |
Furniture, fixtures and equipment | 91,110 |  |  | 84,381 |
Renovations in progress | 7,869 |  |  | 11,225 |
| 1,649,592 |  |  | 1,577,931 |
Less: accumulated depreciation | (366,722) |  |  | (312,757) |
Investment in hotel properties, net | $ | 1,282,870 |  |  | $ | 1,265,174 |
During the year ended December 31, 2021, the Company entered into a purchase and sale agreement to sell a hotel property with a net book value of $28.3 million. The Company recorded an impairment loss of $5.6 million to write down the hotel property to fair value. The sale of the hotel property may close during the first quarter of 2022. This hotel is not presented as held for sale at this point given uncertainties around whether the sale will ultimately close. Investment in hotel properties under development We are developing a Home2 Suites by Hilton hotel in the Warner Center submarket of Los Angeles, CA on a parcel of land owned by us. We have incurred $67.6 million of costs to date, which includes $6.6 million of land acquisition costs and $61.0 million of other development costs. We expect the total development costs for construction of the hotel to be approximately $70.0 million, which includes the cost of the land. This hotel opened on January 24, 2022.

X
- Definition Investment in properties. + References No definition available. + Details
Name: | cldt_InvestmentInPropertiesTextBlock
Namespace Prefix: | cldt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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