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Topic - Chatham Lodging Trust

Chatham Lodging Trust Results

Chatham Lodging Trust Announces Fourth Quarter 2022 Results

Portfolio Revenue Per Available Room (RevPAR) – Increased 24 percent to $117 compared to the 2021 fourth quarter. Average daily rate (ADR) accelerated 20 percent to $171, and occupancy jumped 3 percent to 69 percent for the 38 comparable hotels owned as of December 31, 2022

Chatham Lodging Trust Results

Chatham Lodging Trust Announces Strong First Quarter 2022 Results

Portfolio Revenue Per Available Room (RevPAR) – Increased 56 percent to $88 compared to the 2021 first quarter. Average daily rate (ADR) accelerated 36 percent to $146, and occupancy jumped 15 percent to 60 percent for the 41 comparable hotels owned as of March 31, 2022.

Hotel Transaction Florida
Hilton Garden Inn Destin Miramar Beach, FL - Exterior

Hilton Garden Inn Destin Miramar Beach, FL Sold for $31 Million

Chatham Lodging Trust (NYSE: CLDT) today announced that the company has acquired the beachside 111-room Hilton Garden Inn Destin Miramar Beach, Fla., in an off-market transaction for $31 million, or approximately $279,000 per room.

Chatham Lodging Trust Results

Chatham Lodging Trust Announces Fourth Quarter 2021 Results

Portfolio Revenue Per Available Room (RevPAR) – Increased 93 percent to $92 compared to the 2020 fourth quarter. Average daily rate (ADR) accelerated 36 percent to $141, and occupancy jumped 43 percent to 65 percent for the 40 comparable hotels owned as of December 31, 2021 (excludes one Austin hotel acquired in August 2021 that opened in June 2021).

Chatham Lodging Trust Results

Chatham Lodging Trust Announces Third Quarter 2021 Results

Net loss Lessened $16.9 million to a net loss of $1.4 million from a net loss of $18.3 million in the 2020 third quarter. Net loss per diluted common share was $(0.07) versus net loss per diluted common share of $(0.38) for the same period last year.