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) is a self-advised lodging real estate investment trust (REIT) focused on upscale, extended-stay hotels and premium-branded, select-service hotels. This news page aggregates company press releases, earnings updates and other disclosures so readers can follow developments affecting the CLDT stock and its hotel portfolio.
Recent news from Chatham highlights recurring themes in its business: quarterly financial results, portfolio RevPAR, ADR and occupancy trends, and commentary on performance across key markets such as Silicon Valley, Los Angeles, the Coastal Northeast, Washington, D.C., Greater New York, San Diego and Dallas. The company also reports on hotel-level performance by major brands, including Residence Inn, Hilton Garden Inn, Home2 Suites, Courtyard, Hampton Inn, Hyatt Place and Homewood Suites.
Investors can use this feed to track announcements on asset recycling, including the sale of older or lower RevPAR hotels, as well as updates on capital expenditures and renovations at selected properties. News items also cover Chatham’s capital structure, such as refinancings and changes to its unsecured credit facility, and provide details on net debt, leverage and interest costs.
Dividend declarations for common and preferred shares, along with information about the company’s share repurchase program, are regular features of Chatham’s news flow. Earnings releases include non-GAAP measures like FFO, Adjusted FFO, EBITDA and Adjusted EBITDA, plus hotel EBITDA margins and GOP margins. For investors and analysts following CLDT, this page offers a centralized view of the company’s operating performance, portfolio changes and financial policies over time.
Chatham Lodging Trust (NYSE: CLDT) has acquired the 148-room Home2 Suites by Hilton Phoenix Downtown for $43.3 million, approximately $293,000 per room. This marks Chatham's first acquisition in over two years. The hotel is strategically located in downtown Phoenix and integrates the historic Fuller Paint Company Building, featuring unique public spaces and a signature food outlet. Upon stabilization, the acquisition is expected to generate a RevPAR exceeding $150 and an NOI yield over 9%. The purchase was funded through proceeds from the sale of Chatham's Denver Tech hotel and available cash. The hotel will be managed by Island Hospitality Management, owned by Chatham’s CEO, Jeffrey H. Fisher. This acquisition is part of Chatham's strategy to invest in high-quality, premium-branded hotels in locations with diverse demand drivers.
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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