Chatham Lodging Trust (CLDT) Misses Q4 FFO by 2c

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Chatham Lodging Trust Announces Fourth Quarter 2015 Results

February 24, 2016 6:45 AM EST

Fourth Quarter RevPAR Growth among Highest of all Lodging Companies

WEST 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 133 hotels wholly or through joint ventures, today announced results for the fourth quarter ended December 31, 2015. In addition, the company provided initial guidance for 2016.

Fourth Quarter 2015 Highlights

Portfolio RevPAR Increased hotel RevPAR 4.7 percent to $119 for Chathams 38, wholly owned hotels, slightly below the companys guidance range of 5-5.5 percent.... More