2020 Q2 Form 10-Q Financial Statement

#000147604520000071 Filed on August 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $20.17M $87.87M
YoY Change -77.04% 1.48%
Cost Of Revenue $15.74M $44.13M
YoY Change -64.33% 2.7%
Gross Profit $4.433M $43.75M
YoY Change -89.87% 0.28%
Gross Profit Margin 21.97% 49.78%
Selling, General & Admin $19.29M $34.52M
YoY Change -44.12% 0.91%
% of Gross Profit 435.15% 78.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.67M $13.00M
YoY Change 5.14% 9.04%
% of Gross Profit 308.3% 29.72%
Operating Expenses $32.96M $68.44M
YoY Change -51.84% 3.32%
Operating Profit -$18.62M $16.13M
YoY Change -215.42% -15.7%
Interest Expense $7.034M $7.131M
YoY Change -1.36% 6.96%
% of Operating Profit 44.2%
Other Income/Expense, Net
YoY Change
Pretax Income -$27.19M $9.525M
YoY Change -385.49% -29.37%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$26.83M $9.437M
YoY Change -384.27% -29.51%
Net Earnings / Revenue -132.98% 10.74%
Basic Earnings Per Share -$0.57 $0.20
Diluted Earnings Per Share -$0.57 $0.20
COMMON SHARES
Basic Shares Outstanding 46.96M shares 46.76M shares
Diluted Shares Outstanding 46.96M shares 46.98M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.90M $8.800M
YoY Change 319.32% 8.64%
Cash & Equivalents $36.88M $8.847M
Short-Term Investments
Other Short-Term Assets $4.600M $4.500M
YoY Change 2.22% 2.27%
Inventory
Prepaid Expenses
Receivables $2.300M $7.500M
Other Receivables $0.00 $0.00
Total Short-Term Assets $43.80M $20.80M
YoY Change 110.58% 6.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.380B $1.380B
YoY Change 0.0% 5.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.900M $39.00M
YoY Change -77.18% -23.08%
Other Assets $4.500M $4.700M
YoY Change -4.26% -12.96%
Total Long-Term Assets $1.394B $1.424B
YoY Change -2.14% 4.35%
TOTAL ASSETS
Total Short-Term Assets $43.80M $20.80M
Total Long-Term Assets $1.394B $1.424B
Total Assets $1.437B $1.445B
YoY Change -0.51% 4.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.30M $29.80M
YoY Change -35.23% -5.1%
Accrued Expenses $23.50M $23.90M
YoY Change -1.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $43.30M $59.60M
YoY Change -27.35% 61.96%
LONG-TERM LIABILITIES
Long-Term Debt $664.2M $578.4M
YoY Change 14.83% 8.91%
Other Long-Term Liabilities $17.80M $10.10M
YoY Change 76.24% 32.89%
Total Long-Term Liabilities $682.0M $588.5M
YoY Change 15.89% 9.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.30M $59.60M
Total Long-Term Liabilities $682.0M $588.5M
Total Liabilities $725.2M $648.2M
YoY Change 11.89% 12.64%
SHAREHOLDERS EQUITY
Retained Earnings -$207.3M -$119.0M
YoY Change 74.14% 43.3%
Common Stock $906.4M $904.5M
YoY Change 0.21% 2.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $699.1M $785.5M
YoY Change
Total Liabilities & Shareholders Equity $1.437B $1.445B
YoY Change -0.51% 4.38%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$26.83M $9.437M
YoY Change -384.27% -29.51%
Depreciation, Depletion And Amortization $13.67M $13.00M
YoY Change 5.14% 9.04%
Cash From Operating Activities -$12.88M $24.52M
YoY Change -152.53% -0.16%
INVESTING ACTIVITIES
Capital Expenditures -$8.160M -$11.48M
YoY Change -28.92% 97.59%
Acquisitions
YoY Change
Other Investing Activities $0.00 $9.400M
YoY Change -100.0% 416.48%
Cash From Investing Activities -$8.160M -$2.080M
YoY Change 292.31% -47.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.780M -28.06M
YoY Change -90.09% 19.86%
NET CHANGE
Cash From Operating Activities -12.88M 24.52M
Cash From Investing Activities -8.160M -2.080M
Cash From Financing Activities -2.780M -28.06M
Net Change In Cash -23.82M -5.620M
YoY Change 323.84% 97.89%
FREE CASH FLOW
Cash From Operating Activities -$12.88M $24.52M
Capital Expenditures -$8.160M -$11.48M
Free Cash Flow -$4.720M $36.00M
YoY Change -113.11% 18.54%

Facts In Submission

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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1125000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
15447000 USD
CY2019Q2 cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.33
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
349000 USD
CY2019Q2 cldt Noncontrolling Interest Increase Decrease From Reallocation
NoncontrollingInterestIncreaseDecreaseFromReallocation
0 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
9525000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
796597000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
738270000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1000 USD
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
36000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1031000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-27193000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
712144000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
807418000 USD
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
500000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
201000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6919000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2072000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.66
us-gaap Dividends Common Stock
DividendsCommonStock
30814000 USD
cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.66
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
651000 USD
cldt Noncontrolling Interest Increase Decrease From Reallocation
NoncontrollingInterestIncreaseDecreaseFromReallocation
0 USD
us-gaap Profit Loss
ProfitLoss
11153000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
796597000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
775024000 USD
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
450000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
3000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
126000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2412000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
us-gaap Dividends Common Stock
DividendsCommonStock
10331000 USD
cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.22
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
233000 USD
cldt Noncontrolling Interest Increase Decrease From Reallocation
NoncontrollingInterestIncreaseDecreaseFromReallocation
0 USD
us-gaap Profit Loss
ProfitLoss
-55304000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
712144000 USD
us-gaap Profit Loss
ProfitLoss
-55304000 USD
us-gaap Profit Loss
ProfitLoss
11153000 USD
us-gaap Depreciation
Depreciation
26607000 USD
us-gaap Depreciation
Depreciation
25647000 USD
cldt Amortization Of Deferred Franchise Fees
AmortizationOfDeferredFranchiseFees
122000 USD
cldt Amortization Of Deferred Franchise Fees
AmortizationOfDeferredFranchiseFees
124000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
489000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
456000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-3300000 USD
us-gaap Impairment Losses Related To Real Estate Partnerships
ImpairmentLossesRelatedToRealEstatePartnerships
15282000 USD
us-gaap Impairment Losses Related To Real Estate Partnerships
ImpairmentLossesRelatedToRealEstatePartnerships
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2349000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2297000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
288000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
0 USD
cldt Income Loss From Unconsolidated Real Estate Entities
IncomeLossFromUnconsolidatedRealEstateEntities
-5251000 USD
cldt Income Loss From Unconsolidated Real Estate Entities
IncomeLossFromUnconsolidatedRealEstateEntities
-666000 USD
cldt Increase Decrease In Right Of Use Asset
IncreaseDecreaseInRightOfUseAsset
-311000 USD
cldt Increase Decrease In Right Of Use Asset
IncreaseDecreaseInRightOfUseAsset
-307000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-2378000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
2961000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
16000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
30000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2022000 USD
CY2019Q2 cldt Accrued Share Based Compensation
AccruedShareBasedCompensation
225000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2152000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-11241000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-791000 USD
cldt Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-234000 USD
cldt Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-187000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15740000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37829000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
10424000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
20716000 USD
cldt Payments To Acquire Investment In Hotel Properties Under Development
PaymentsToAcquireInvestmentInHotelPropertiesUnderDevelopment
10050000 USD
cldt Payments To Acquire Investment In Hotel Properties Under Development
PaymentsToAcquireInvestmentInHotelPropertiesUnderDevelopment
2503000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
8987000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
411000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20474000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13821000 USD
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
86000000 USD
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
34500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
37000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4483000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2567000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
627000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
48000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
201000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
128000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7119000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16237000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
31236000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
61778000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29433000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
25564000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5425000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20182000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32337000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45746000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26912000 USD
us-gaap Interest Paid Net
InterestPaidNet
13844000 USD
us-gaap Interest Paid Net
InterestPaidNet
13753000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
595000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
74000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
44000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
415000 USD
CY2020Q1 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
24516 shares
CY2019Q1 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
27870 shares
CY2020Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
469000 USD
CY2019Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5895000 USD
CY2019Q2 cldt Accrued But Unpaid Distribution
AccruedButUnpaidDistribution
658000 USD
CY2020Q2 cldt Accrued Share Based Compensation
AccruedShareBasedCompensation
225000 USD
CY2020Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
1554000 USD
CY2019Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
2296000 USD
CY2020Q2 cldt Aggregate Number Of Rooms In Hotels
AggregateNumberOfRoomsInHotels
6092 Room
CY2020Q2 cldt Numberof States In Which Hotels Are Owned
NumberofStatesInWhichHotelsAreOwned
15 state
cldt Initial Termof Taxable Real Estate Investment Trust Subsidiaries Lease
InitialTermofTaxableRealEstateInvestmentTrustSubsidiariesLease
P5Y
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</span></div>
CY2020Q2 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
400000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
500000 USD
CY2020Q2 us-gaap Land
Land
296905000 USD
CY2019Q4 us-gaap Land
Land
296884000 USD
CY2020Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1232263000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1216849000 USD
CY2020Q2 cldt Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
88846000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2019Q4 cldt Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
81707000 USD
CY2020Q2 us-gaap Development In Process
DevelopmentInProcess
15809000 USD
CY2019Q4 us-gaap Development In Process
DevelopmentInProcess
31589000 USD
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1633823000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1627029000 USD
CY2020Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
305106000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
279913000 USD
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1328717000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1347116000 USD
cldt Guarantee Obligations Percentageof Maximum Amountof Debt Outstanding
GuaranteeObligationsPercentageofMaximumAmountofDebtOutstanding
0.15
cldt Guarantee Obligations Percentageof Outstanding Debt Balances
GuaranteeObligationsPercentageofOutstandingDebtBalances
0.20
us-gaap Impairment Losses Related To Real Estate Partnerships
ImpairmentLossesRelatedToRealEstatePartnerships
15300000 USD
CY2020Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
68000 USD
CY2019Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-14000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2020Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
1072844000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
665377000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
586860000 USD
CY2020Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
1202000 USD
CY2019Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
1395000 USD
CY2020Q2 us-gaap Secured Debt
SecuredDebt
664175000 USD
CY2019Q4 us-gaap Secured Debt
SecuredDebt
585465000 USD
CY2020Q2 cldt Number Of Hotels Acquired
NumberOfHotelsAcquired
6 Hotel
CY2020Q2 cldt Number Of Hotels In Ownership By Company
NumberOfHotelsInOwnershipByCompany
18 Hotel
CY2020Q2 cldt Number Of Hotels In Ownership By Company
NumberOfHotelsInOwnershipByCompany
18 Hotel
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
4982000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
22050000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
182954000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
143084000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
296387000 USD
CY2020Q2 cldt Longterm Debt Maturities Repaymentsof Principalin Year Six
LongtermDebtMaturitiesRepaymentsofPrincipalinYearSix
15920000 USD
CY2020Q2 cldt Longterm Debt Maturities Repaymentsof Principalafter Year Six
LongtermDebtMaturitiesRepaymentsofPrincipalafterYearSix
0 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
665377000 USD
CY2020Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
1202000 USD
CY2020Q2 us-gaap Secured Debt
SecuredDebt
664175000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.22
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2020Q1 cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.11
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2020Q1 cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.11
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2020Q1 cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.22
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
cldt Regular Distributions On Long Term Investment Plan
RegularDistributionsOnLongTermInvestmentPlan
0.22
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-26827000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
9437000 USD
us-gaap Net Income Loss
NetIncomeLoss
-54610000 USD
us-gaap Net Income Loss
NetIncomeLoss
11050000 USD
CY2020Q2 cldt Dividends Paid On Unvested Restricted Shares
DividendsPaidOnUnvestedRestrictedShares
0 USD
CY2019Q2 cldt Dividends Paid On Unvested Restricted Shares
DividendsPaidOnUnvestedRestrictedShares
107000 USD
cldt Dividends Paid On Unvested Restricted Shares
DividendsPaidOnUnvestedRestrictedShares
50000 USD
cldt Dividends Paid On Unvested Restricted Shares
DividendsPaidOnUnvestedRestrictedShares
192000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26827000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9330000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-54660000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10858000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46960289 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46760016 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46954411 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46658973 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
216983 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
196943 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46960289 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46976999 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46954411 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46855916 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.57
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.57
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
cldt Percentage Of Occupancy Under Condition Two
PercentageOfOccupancyUnderConditionTwo
1
cldt Maximum Additional Terms Up To Which Ground Lease Can Be Extended
MaximumAdditionalTermsUpToWhichGroundLeaseCanBeExtended
12 Term
CY2020Q2 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P5Y
cldt Amount Of Rent Expense Under Condition One
AmountOfRentExpenseUnderConditionOne
8400 USD
cldt Percentage Of Occupancy Under Condition One
PercentageOfOccupancyUnderConditionOne
0.85
cldt Amount Of Rent Expense Under Condition Two
AmountOfRentExpenseUnderConditionTwo
20000 USD
cldt Minimum Percentage Of Annual Rent Increase
MinimumPercentageOfAnnualRentIncrease
0.025
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1018000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2051000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2071000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2093000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2115000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2186000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
66720000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
78254000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
54771000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
23483000 USD
CY2019Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLeaseRemainderOfFiscalYear
2027000 USD
CY2019Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Lases And Office Lease Due In Year One
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLasesAndOfficeLeaseDueInYearOne
2051000 USD
CY2019Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Lases And Office Lease Due In Year Two
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLasesAndOfficeLeaseDueInYearTwo
2071000 USD
CY2019Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease Due In Year Three
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLeaseDueInYearThree
2093000 USD
CY2019Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease Due In Year Four
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLeaseDueInYearFour
2115000 USD
CY2019Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease After Year Four
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLeaseAfterYearFour
68906000 USD
CY2019Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLease
79263000 USD
CY2019Q4 cldt Lessee Operating Lease Liability Payments Required Under Ground Air Rights Garage Lases And Office Lease Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLasesAndOfficeLeaseUndiscountedExcessAmount
55546000 USD
CY2019Q4 cldt Operating Lease Liability Payments Required Under Ground Air Rights Garage Leases And Office Lease
OperatingLeaseLiabilityPaymentsRequiredUnderGroundAirRightsGarageLeasesAndOfficeLease
23717000 USD
cldt Operating Lease Fixed Lease Payments
OperatingLeaseFixedLeasePayments
600000 USD
us-gaap Variable Lease Payment
VariableLeasePayment
1000.0 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21270000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
23717000 USD
cldt Amortization Of Right Of Use Asset
AmortizationOfRightOfUseAsset
311000 USD
cldt Amortization Of Lease Liability
AmortizationOfLeaseLiability
234000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20959000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
23483000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P40Y8M12D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0656
CY2020Q2 cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
800000 USD
CY2019Q2 cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
2900000 USD
cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
2900000 USD
cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
5400000 USD
CY2020Q2 cldt Franchise And Marketing Fees
FranchiseAndMarketingFees
1600000 USD
CY2019Q2 cldt Franchise And Marketing Fees
FranchiseAndMarketingFees
7000000.0 USD
cldt Franchise And Marketing Fees
FranchiseAndMarketingFees
6400000 USD
cldt Franchise And Marketing Fees
FranchiseAndMarketingFees
12900000 USD
CY2020Q2 cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
800000 USD
CY2019Q2 cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
2900000 USD
cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
2900000 USD
cldt Management Fees Recorded Within Hotel Other Operating Expenses
ManagementFeesRecordedWithinHotelOtherOperatingExpenses
5400000 USD
CY2020Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
400000 USD
CY2019Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
700000 USD

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