Chatham Lodging's Fisher Looks for Improved New Quarter

Jeffrey H. Fisher    

WEST PALM BEACH, FL  -- Chatham Lodging Trust (NYSE: CL
DT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels announced results for the third quarter ended September 30, 2020.

 “Chatham produced the highest absolute RevPAR of all lodging REITs in the second quarter, and although most lodging REITs have not reported third quarter results, I am pretty confident that we will have one of the best, if not the best, RevPAR in the 2020 third quarter,” highlighted Jeffrey H. Fisher, Chatham’s president and chief executive officer. 

“Our outperformance is a testament to the great sales efforts of our team, as well as the concentration of extended-stay rooms in our portfolio. 

"We have been able to win more than our fair share of business as evidenced by our third quarter RevPAR index of 137, which is 16 percent higher than our 2019 RevPAR index of 118. 

Silicon Valley, CA

"We have kept all hotels open since the outset of the pandemic which has allowed us to capture more of the oncoming demand from existing customers, as well as new customers with whom we have established relationships that should benefit us over time. 

"Although limited, we have seen a slight uptick in corporate travel, especially in Silicon Valley.”

 CONTACTS:

PATRICK DALY

MANAGER OF OPERATIONS

DG PUBLIC RELATIONS, LLC.

Main: 703-435-6293

Mobile: 703-300-8289

 

patrick@dalygray.com | www.dalygray.com

 

Dennis Craven (Company)                                         Chris Daly (Media)

Chief Operating Officer                                              DG Public Relations

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