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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Total revenue $ 294,851 $ 203,975 $ 144,916
Hotel operating expenses:      
Total hotel operating expenses 160,758 119,293 95,498
Depreciation and amortization 59,350 54,215 53,871
Impairment loss 0 5,640 0
Impairment loss on investment in unconsolidated real estate entities 0 0 15,282
Property taxes, ground rent and insurance 21,210 23,826 23,040
General and administrative 17,339 15,752 11,564
Other charges 683 711 4,385
Reimbursable costs from unconsolidated entities 1,326 1,731 4,045
Total operating expenses 260,666 221,168 207,685
Operating income (loss) before gain (loss) on sale of hotel property 34,185 (17,193) (62,769)
Gain (loss) on sale of hotel property 2,268 (21) 21,116
Operating income (loss) 36,453 (17,214) (41,653)
Interest and other income 10 243 179
Interest expense net of amounts capitalized, including amortization of deferred fees (26,454) (24,460) (28,122)
Loss on early extinguishment of debt (138) 0 0
Loss from unconsolidated real estate entities 0 (1,231) (7,424)
Gain on sale of investment in unconsolidated real estate entities 0 23,817 0
Income (loss) before income tax expense 9,871 (18,845) (77,020)
Income tax expense 0 0 0
Net income (loss) 9,871 (18,845) (77,020)
Net (income) loss attributable to non-controlling interest (66) 435 997
Net income (loss) attributable to Chatham Lodging Trust 9,805 (18,410) (76,023)
Preferred dividends (7,950) (3,975) 0
Net income (loss) attributable to common shareholders $ 1,855 $ (22,385) $ (76,023)
Income (loss) per common share - basic:      
Net (loss) income attributable to common shareholders (in dollars per share) $ 0.04 $ (0.46) $ (1.62)
Income (loss) per common share - diluted:      
Net (loss) income attributable to common shareholders (in dollars per share) $ 0.04 $ (0.46) $ (1.62)
Weighted average number of common shares outstanding:      
Basic (in shares) 48,795,642 48,349,027 46,961,039
Diluted (in shares) 49,058,722 48,349,027 46,961,039
Distributions per common share (in dollars per share) $ 0.07 $ 0 $ 0.22
Room      
Revenue:      
Total revenue $ 272,265 $ 187,369 $ 130,564
Hotel operating expenses:      
Total hotel operating expenses 56,073 40,396 31,883
Food and beverage      
Revenue:      
Total revenue 7,303 3,525 2,718
Hotel operating expenses:      
Total hotel operating expenses 5,520 2,404 2,456
Other      
Revenue:      
Total revenue 13,958 11,350 7,589
Reimbursable costs from unconsolidated entities      
Revenue:      
Total revenue 1,325 1,731 4,045
Telephone      
Hotel operating expenses:      
Total hotel operating expenses 1,449 1,502 1,451
Other hotel operating      
Hotel operating expenses:      
Total hotel operating expenses 3,488 2,299 1,629
General and administrative      
Hotel operating expenses:      
Total hotel operating expenses 26,085 20,424 16,733
Franchise and marketing fees      
Hotel operating expenses:      
Total hotel operating expenses 23,674 16,560 11,608
Advertising and promotions      
Hotel operating expenses:      
Total hotel operating expenses 5,397 3,721 3,983
Utilities      
Hotel operating expenses:      
Total hotel operating expenses 12,048 10,255 9,229
Repairs and maintenance      
Hotel operating expenses:      
Total hotel operating expenses 14,145 11,784 9,799
Management fees      
Hotel operating expenses:      
Total hotel operating expenses 10,133 7,156 5,289
Insurance      
Hotel operating expenses:      
Total hotel operating expenses $ 2,746 $ 2,792 $ 1,438