Chatham Lodging Trust (CLDT) Tops Q1 FFO by 1c/Share
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Chatham Lodging Trust Exceeds Expectations on Strong RevPAR Growth
May 5, 2015 8:02 AM EDTIndustry 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