Chatham Lodging Trust (CLDT) Tops Q3 EPS by 2c; Revenues Beat; Offers Updated FY18 Revenue Guidance Below Consensus

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Go back to Chatham Lodging Trust (CLDT) Tops Q3 EPS by 2c; Revenues Beat; Offers Updated FY18 Revenue Guidance Below Consensus

Chatham Lodging Trust Announces Third Quarter 2018 Results

October 31, 2018 6:45 AM EDT

RevPAR Growth Stronger than Expected, 2018 Guidance Mid-Point Raised

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 136 hotels wholly or through joint ventures, today announced results for the third quarter ended September 30, 2018. The company also provided updated guidance for 2018.

Third Quarter 2018 Key Metrics

Portfolio Revenue per Available Room (RevPAR) - Increased 1.1 percent to $147, compared to the 2017 third quarter, for Chathams 40,... More