Chatham Lodging Trust is a self-advised real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. All of the Company's assets are held by, and all of its operations are conducted through Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company's wholly owned hotels. As of December 31, 2014, the Company owned 34 hotels with an aggregate of 5,115 (unaudited) rooms located in 15 states in the United States and the District of Columbia. The Company primarily invests in upscale extended-stay hotels, such as Homewood Suites by Hilton and Residence Inn by Marriott. It also invests in premium-branded select-service hotels, such as Courtyard by Marriott, Hampton Inn and Suites, Hyatt Place, Hilton Garden Inn by Hilton and SpringHill Suites by Marriott.