Chatham Lodging Trust (CLDT) Tops Q1 FFO by 1c/Share

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Go back to Chatham Lodging Trust (CLDT) Tops Q1 FFO by 1c/Share

Chatham Lodging Trust Exceeds Expectations on Strong RevPAR Growth

May 5, 2015 8:02 AM EDT

Industry Leading Margins Surge 580 Basis Points

PALM BEACH, Fla.--(BUSINESS WIRE)-- Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns wholly or through its joint ventures 131 hotels, today announced results for the first quarter ended March 31, 2015. In addition, the company provided initial guidance for the 2015 second quarter and updated its 2015 full-year guidance.

First Quarter 2015 Highlights

Portfolio RevPAR Increased hotel RevPAR 6.9 percent to $118 for Chathams 35, wholly owned hotels.... More