 |
| Jeffrey H. Fisher |
WEST PALM BEACH, FL, Aug. 3,
2016—Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust
(REIT) that invests in upscale, extended-stay hotels and premium-branded,
select-service hotels and owns 133 hotels wholly or through joint ventures,
today announced results for the second quarter ended June 30, 2016. In
addition, the company updated its guidance for 2016.
“RevPAR growth continued
to decelerate in the 2016 second quarter as weakening industry fundamentals
persisted with increased supply combined with muted demand and GDP growth,”
said Jeffrey H. Fisher, Chatham’s
president and chief executive officer.
“As an industry, we are
finding it very difficult to drive rate increases given weaker business demand
and the impact on rates from the online travel agents, as well as increased
supply in certain gateway markets.”
For a complete copy of the company’s news release,
please contact:
Patrick Daly
Office Manager
Daly Gray Public Relations
Inc.
620 Herndon Parkway, Suite
115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-300-8289
patrick@dalygray.com | www.dalygray.com
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