Chatham Lodging Trust (CLDT) Tops Q1 EPS by 54c
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Chatham Lodging Trust Announces First Quarter 2021 Results
May 4, 2021 6:30 AM EDTCash Burn Erased with April RevPAR
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 first quarter ended March 31, 2021.
First Quarter 2021 Operating Results
Portfolio Revenue Per Available Room (RevPAR) Declined 42 percent to $55, compared to the 2020 first quarter. Average daily rate (ADR) decreased 31 percent to $107, and occupancy dropped 17 percent to 52 percent for the 39 comparable hotels owned as of March... More