Chatham Lodging Trust (CLDT) Reports Q4 Loss of $0.18/sh

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Go back to Chatham Lodging Trust (CLDT) Reports Q4 Loss of $0.18/sh

Chatham Lodging Trust Announces Fourth Quarter 2020 Results

February 24, 2021 6:30 AM EST

Generated Positive Adjusted EBITDA in 2020, Balance Sheet Remains Strong

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, today announced results for the fourth quarter and year ended December 31, 2020.

Fourth Quarter 2020 Operating Results

Portfolio Revenue Per Available Room (RevPAR) All Chatham hotels have remained open throughout the pandemic. For the 39 comparable hotels owned as of December 31, 2020, RevPAR declined 60 percent to $47, compared to the 2019... More