Chatham Lodging Trust (CLDT) Misses Q3 FFO by 1c, Offers Guidance

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Go back to Chatham Lodging Trust (CLDT) Misses Q3 FFO by 1c, Offers Guidance

Chatham Lodging Trust Announces Third Quarter 2015 Results

November 5, 2015 6:50 AM EST

RevPAR, EBITDA and FFO Growth Continues

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 134 hotels wholly or through joint ventures, today announced results for the third quarter ended September 30, 2015. In addition, the company provided initial guidance for the 2015 fourth quarter and updated its 2015 full-year guidance.

Third Quarter 2015 Highlights

Portfolio RevPAR Increased hotel RevPAR 5.3 percent to $146 for Chathams 38, wholly owned hotels, within the companys guidance range of 5-6... More