Chatham Lodging Trust Announces Third Quarter 2024 Results
Chatham Lodging Trust (REIT) Common Shares of Beneficial Interest (CLDT)
Last chatham lodging trust (reit) common shares of beneficial interest earnings: 2/26 06:30 am
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Source: Business Wire
RevPAR Growth Accelerates in September and October 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, 2024.Third Quarter 2024 Operating ResultsPortfolio Revenue Per Available Room (RevPAR) – Generated RevPAR growth of 2.1 percent excluding hotels under renovation during the 2024 and 2023 third quarters, as well as the Home2 Phoenix Downtown that opened in January 2024.RevPAR increased 1.3 percent to $150 compared to the 2023 third quarter for the 38 comparable hotels. Average daily rate (ADR) was up 1.3 percent to $188, and occupancy was flat at 80 percent.RevPAR for the Silicon Valley and Bellevue hotels was up 8 percent over the 2023 third quarter.October RevPAR accelerated 6 percent over 2023 to $158, the second highest October RevPAR since Chatham's incep
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CLDT
Earnings
- 11/7/24 - In-Line
CLDT
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- CLDT's page on the SEC website