Core Insights - Chatham Lodging Trust has acquired a portfolio of six Hilton-branded hotels for $92 million, translating to approximately $156,000 per room [1] - The newly acquired hotels have an average age of ten years, while the company sold six older hotels averaging 25 years for around $100 million over the last 18 months [2] - The acquisition is expected to enhance free cash flow and support an 11% increase in the quarterly common dividend to $0.10 per share for 2026 [4] Financial Performance - The acquired portfolio posted a revenue per available room (RevPAR) of $116 and EBITDA margins of 42% projected for 2025 [2] - Chatham reported a net income of $7.03 million for Q2 2024, reflecting a 24.89% decrease from $9.36 million in the same period the previous year [5] Strategic Outlook - The company’s president and CEO highlighted the potential for strong multi-year growth in the lodging industry due to low new supply growth, increased investments in technology, and reshoring manufacturing to the US [3] - Management noted that operational expense pressures, particularly regarding labor costs, are moderating, which may further support profitability [4]