Chatham Lodging Trust Q4 2025 Earnings Call Summary

Reclaimed the top spot for industry operating margins by maintaining a laser focus on productivity and staffing, limiting GOP margin decline to 20 basis points despite flat RevPAR. Successfully mitigated labor cost pressures through a 13% headcount reduction year-over-year, allowing labor and benefit costs to decline slightly despite 4% wage increases. Executed a strategic portfolio 'trimming' by selling four older, lower-RevPAR hotels at a 6% cap rate to reduce debt and fund share repurchases. Prio ...