Chatham Lodging Trust(CLDT) - 2024 Q1 - Quarterly Results

Chatham Lodging Trust Announces First Quarter 2024 Results • Portfolio Revenue Per Available Room (RevPAR) – Increased 2 percent to $120 compared to the 2023 first quarter. Average daily rate (ADR) accelerated 1 percent to$171, and occupancy jumped 1 percent to 70 percent for the 38 hotels owned as of March 31, 2024. ◦ RevPAR for the Silicon Valley and Bellevue hotels was up 17 percent over the 2023 first quarter. ◦ April 2024 RevPAR was up 5 percent over 2023 for the entire portfolio. • Net Income / (Loss ...