The Hilton Garden Inn Denver Tech Center is managed by Island Hospitality Management (IHM), which is 90 percent owned by Mr. Fisher. Chatham funded the purchase with borrowings on its secured revolving credit facility.Chatham also announced the unveiling of the recently rebranded Residence Inn Washington D.C./Foggy Bottom after an extensive $5.5 million renovation. The 103-suite hotel, formerly a DoubleTree Guest Suites by Hilton, is the only branded, upscale, extended-stay hotel in the prestigious, historic Foggy Bottom neighborhood. The renovation included an expanded lobby to accommodate the Residence Inn’s complimentary breakfast, evening social hours and mid-week dinners, as well as an enlarged fitness center. The 700-square foot, two-bay, guest suites (nearly double the size of most extended-stay hotel rooms) were completely renovated, including new bathrooms, full kitchens, new furnishings and soft goods. “This is a great asset in a fantastic location and given the large suites, is ideally flagged as a Residence Inn,” highlighted Mr. Fisher. “When we acquired the hotel out of the Innkeepers bankruptcy, we knew it was a great piece of real estate, and we believed we could realize incremental value by either repositioning the asset or selling the hotel for alternative uses. With the Residence Inn brand, we expect this hotel will command a much higher RevPAR premium and drive incremental value and cash flow to our portfolio.” About Chatham Lodging Trust Chatham Lodging Trust is a self-advised REIT that was organized to invest in upscale extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 74 hotels totaling 10,297 rooms/suites, comprised of 23 hotels it wholly owns with an aggregate of 3,202 rooms/suites in 13 states and the District of Columbia and holds a minority investment in two joint ventures that own 52 hotels with an aggregate of 7,095 rooms/suites. Additional information about Chatham may be found at www.chathamlodgingtrust.com. This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 about Chatham Lodging Trust, including statements regarding future plans, strategies, performance, acquisitions, capital expenditures, future operating results and the timing and composition of revenues, among others, and statements containing words such as “expects,” “believes” or “will,” which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results or performance to differ materially from those discussed in such statements. Additional risks are discussed in the company’s filings with the Securities and Exchange Commission.