Chatham Lodging Trust (CLDT) Reports In-Line Q1 EPS

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Go back to Chatham Lodging Trust (CLDT) Reports In-Line Q1 EPS

Chatham Lodging Trust Announces First Quarter 2016 Results

May 5, 2016 6:50 AM EDT

RevPAR Growth, EBITDA, FFO and FFO per Share In-Line with Guidance

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 first quarter ended March 31, 2016. In addition, the company updated its guidance for 2016.

First Quarter 2016 Highlights

Portfolio RevPAR Improved hotel revenue per available room (RevPAR) 2.6 percent to $124 for Chathams... More