Chatham Lodging Trust (CLDT) Misses Q4 EPS by 7c
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Chatham Lodging Trust Announces Solid Fourth Quarter 2021 Results
February 24, 2022 6:30 AM ESTWarner Center Opening, Asset Recycling Will Deliver Value and Outsized Growth
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 ended December 31, 2021.
Fourth Quarter 2021 Operating Results
Portfolio Revenue Per Available Room (RevPAR) Increased 93 percent to $92 compared to the 2020 fourth quarter. Average daily rate (ADR) accelerated 36 percent to $141, and occupancy jumped 43 percent to 65 percent for the 40... More