Chatham Lodging Trust (CLDT) Tops Q2 EPS by 14c
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Chatham Lodging Trust Announces Huge Second Quarter 2022 Results
August 3, 2022 6:30 AM EDTTop Markets Post Significant Gains, GOP Margins Higher than 2019
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, 2022.
Second Quarter 2022 Operating Results
Portfolio Revenue Per Available Room (RevPAR) Increased 50 percent to $138 compared to the 2021 second quarter. Average daily rate (ADR) accelerated 36 percent to $179, and occupancy grew 10 percent to 77 percent for the 37... More