Welcome to our dedicated page for Chatham Lodging news (Ticker: CLDT), a resource for investors and traders seeking the latest updates and insights on Chatham Lodging stock.
Chatham Lodging Trust (NYSE: CLDT) delivers curated updates on this hospitality-focused REIT specializing in upscale extended-stay hotels. This page aggregates official press releases, financial disclosures, and strategic developments for investors and industry observers.
Access real-time information on portfolio expansions, earnings results, and partnerships with global brands like Hilton and Marriott. Our repository simplifies tracking CLDT's performance in key markets including California, Texas, and Florida, where demand for extended-stay accommodations continues growing.
Discover updates across three core areas: financial reporting (quarterly earnings, dividend announcements), operational developments (property acquisitions, renovations), and brand collaborations enhancing guest experiences. The content reflects CLDT's focus on business travelers and families requiring premium extended lodging solutions.
Bookmark this page for streamlined access to Chatham Lodging Trust's latest corporate communications, ensuring you stay informed about this niche REIT's market position and growth strategies.
Chatham Lodging Trust (NYSE: CLDT) reported strong first quarter 2024 results with adjusted FFO per share beating estimates. RevPAR increased by 2%, ADR jumped by 1%, and occupancy rose by 1% for the 38 hotels owned. Silicon Valley and Bellevue hotels saw a 17% RevPAR growth. Net loss was $5.5 million compared to $5.0 million in 2023. Adjusted EBITDA rose by 6% to $18.9 million. The company continues to strengthen its balance sheet and plans to sell assets to reduce debt and invest in higher growth hotels.
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