PALM BEACH, Fla., August 5, 2013—Chatham Lodging Trust
(NYSE: CLDT), a hotel real estate investment trust (REIT) that owns wholly or
through its joint venture approximately $1.5 billion of premium-branded,
upscale, extended-stay and select-service hotels, today announced results for
the second quarter ended June 30, 2013
 |
| Jeffrey H. Fisher |
“Our portfolio continues to produce solid results as we
execute our strategic growth initiatives, enhance earnings growth and build
long-term value for our shareholders by selectively investing in hotels in
quality markets at the right prices, making timely improvements and building
strong operating results through aggressive asset management,” said Jeffrey
H. Fisher, Chatham’s president and CEO.
“This allows us to produce meaningful cash flow and reward
our shareholders with one of the strongest dividends in the industry.
“Our Q2 2013 comparable hotel RevPAR growth of 6.1 percent
comes off of very strong RevPAR growth of more than seven percent in Q2 2012,
and we remain encouraged by our top-line revenue performance and future
potential.
“Our newly acquired assets in Houston, Tex.; Portland,
Maine; and Pittsburgh, Pa. experienced double digit RevPAR growth for the
quarter and reflect the benefits of our targeted market approach.
“Additionally, we
benefited from continued strength in the operating results of our joint-venture
portfolio with strong RevPAR growth of 5.8 percent in its core 51 hotels and
comparable EBITDA growth of 7.3 percent.”
For a complete copy of the company’s news release, please
contact:
Dennis Craven (Company)
Chief Financial Officer
(561) 227-1386
Jerry Daly
Daly Gray, Inc. (Media)
(703) 435-6293
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