Chatham Lodging Trust (CLDT) Tops Q3 EPS by 8c
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Chatham Lodging Trust Announces Strong Third Quarter 2021 Results
November 4, 2021 6:30 AM EDTStrong Performance Continues, Acquired Hotels Outperforming, Portfolio Set 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 third quarter ended September 30, 2021.
Third Quarter 2021 Operating Results
Portfolio Revenue Per Available Room (RevPAR) Increased 92 percent to $107 compared to the 2020 third quarter. Average daily rate (ADR) accelerated 39 percent to $150, and occupancy jumped 38 percent to 71 percent for the 40 comparable... More