Chatham Lodging Trust (CLDT) Tops Q1 EPS by 5c
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Chatham Lodging Trust Announces Strong First Quarter 2022 Results
May 4, 2022 6:30 AM EDTBusiness Travel Strengthening, Asset Sales to Enhance Value & Add Capacity for 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 first quarter ended March 31, 2022.
First Quarter 2022 Operating Results
Portfolio Revenue Per Available Room (RevPAR) Increased 56 percent to $88 compared to the 2021 first quarter. Average daily rate (ADR) accelerated 36 percent to $146, and occupancy jumped 15 percent to 60... More