Chatham Lodging Trust has reported a continued improvement in operating performance, with fiscal year 2024 RevPAR up 2.8% compared to industry growth of 1.8%, and Q1 2025 RevPAR up 3.8% against the industry growth of 2.2%. The company's RevPAR growth has exceeded industry averages for three consecutive years, with tech-driven hotels showing notable increases. The recovery of properties in tech-focused markets like Silicon Valley and Bellevue is anticipated to significantly boost EBITDA and FFO. Additionally, Chatham has engaged in capital recycling, selling six hotels for $101 million and acquiring a newly built Home2 Phoenix property. The company has also reduced debt and strengthened its balance sheet, positioning itself for future growth amid limited supply growth in its sub-markets. Air travel surpassing 2019 levels indicates potential for further improvement in business travel. You can access the full presentation through the link below.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.