Chatham Lodging Trust (CLDT) Reports Q2 FFO of $0.10

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Go back to Chatham Lodging Trust (CLDT) Reports Q2 FFO of $0.10

Chatham Lodging Trust Announces Second Quarter 2021 Results

August 3, 2021 6:30 AM EDT

Operating Trends Advance, Set to Acquire Two Premium-Branded, Extended-Stay Hotels

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 second quarter ended June 30, 2021.

Second Quarter 2021 Operating Results

Portfolio Revenue Per Available Room (RevPAR) Increased 170 percent to $87, compared to the 2020 second quarter. Average daily rate (ADR) rose 32 percent to $127, and occupancy jumped 105 percent to 68 percent for the 39 comparable hotels... More