{"id":500672,"date":"2021-06-03T16:19:46","date_gmt":"2021-06-03T20:19:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-trust-provides-business-update\/"},"modified":"2021-06-03T16:19:46","modified_gmt":"2021-06-03T20:19:46","slug":"chatham-lodging-trust-provides-business-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-trust-provides-business-update\/","title":{"rendered":"Chatham Lodging Trust Provides Business Update"},"content":{"rendered":"

<\/p>\n

Chatham Lodging Trust Provides Business Update<\/b><\/p>\n

RevPAR, Margins Continue to Accelerate, Cash Flow Positive and Growing<\/i><\/p>\n

WEST PALM BEACH, Fla.–(BUSINESS WIRE<\/a>)–
\nChatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels, today provided an update on operating results to date for the 2021 second quarter.\n<\/p>\n

Hotel RevPAR Performance<\/b><\/p>\n

\nThe below chart summarizes RevPAR statistics by month for the company\u2019s 39 comparable hotels:\n<\/p>\n\n\n\n\n\n\n\n\n
\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

January<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

February<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

March<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

April<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

May<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nOccupancy \u2013 2021\n<\/p>\n<\/td>\n

\n

\n46%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n50%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n60%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n65%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n70%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nADR – 2021\n<\/p>\n<\/td>\n

\n

\n$104\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$105\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$110\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$117\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$126\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nRevPAR \u2013 2021\n<\/p>\n<\/td>\n

\n

\n$47\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$53\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$66\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$75\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$88\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nRevPAR – 2020\n<\/p>\n<\/td>\n

\n

\n$104\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$123\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$62\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$23\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$30\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n% Change in RevPAR\n<\/p>\n<\/td>\n

\n

\n(55)%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(57)%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n230%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n192%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nRevPAR Index\n<\/p>\n<\/td>\n

\n

\n132\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n127\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n122\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n126\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n~128\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\n“RevPAR has more than doubled since December, portfolio-wide occupancy of 70% in May is strong, and I am particularly excited to see sequential RevPAR growth of 17% from April to May compared to 14% from March to April,\u201d highlighted Jeffrey H. Fisher, Chatham\u2019s president and chief executive officer. \u201cLeisure travel continues to lead the lodging recovery, and our northeastern leisure markets in New Hampshire and Maine are poised for strong summers after being shut down for half of the 2020 summer season. In Anaheim, Disney is opening the park to residents outside of California on June 15th<\/sup> and also is expected to increase capacity which bodes well for our Residence Inn in the market. Corporate demand is coming back in spurts in areas such as Silicon Valley, our largest market, as well as others like Washington, D.C and Bellevue, Wash. In Houston, health-care related business is returning to the Texas Medical Center, and we own four hotels in close proximity to it. For our portfolio, which appeals to a diverse set of customers, this portends well for continued, meaningful recovery in the summer and second half of the year.\u201d\n<\/p>\n

Hotel Operations Performance and Corporate Cash Flow<\/b><\/p>\n

\nThe below chart summarizes key hotel operating performance measures and corporate cash flow per month for each of the four months ending April 30, 2021. RevPAR, GOP margin and Hotel EBITDA margin is for the 39 comparable hotels. Gross operating profit is calculated as Hotel EBITDA plus property taxes, ground rent and insurance. Corporate EBITDA is calculated as Hotel EBITDA minus cash corporate general and administrative expenses and is before debt service and capital expenditures. Debt service includes interest expense and principal amortization on its secured debt (approximately $0.8 million per month). Cash used before CAPEX is calculated as Corporate EBITDA less debt service. Amounts are in millions, except RevPAR.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n
\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

January<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

February<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

March<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

April<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nRevPAR \u2013 2021\n<\/p>\n<\/td>\n

\n

\n$47\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$53\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$66\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$75\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nGross operating profit\n<\/p>\n<\/td>\n

\n

\n$2.1\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$2.5\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$4.8\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$5.8\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nHotel EBITDA\n<\/p>\n<\/td>\n

\n

\n$0.1\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$0.5\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$2.9\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$3.8\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nGOP margin\n<\/p>\n<\/td>\n

\n

\n23%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n26%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n37%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n41%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nHotel EBITDA margin\n<\/p>\n<\/td>\n

\n

\n2%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n22%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n27%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCorporate EBITDA\n<\/p>\n<\/td>\n

\n

\n$(0.6)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$(0.3)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$2.0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$2.9\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nDebt Service\n<\/p>\n<\/td>\n

\n

\n$(2.9)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$(2.9)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$(2.9)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$(2.9)\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCash used before CAPEX\n<\/p>\n<\/td>\n

\n

\n$(3.5)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$(3.2)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$(0.9)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$0.0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\n\u201cOperationally, our platform working alongside Island Hospitality allows us to move quickly while analyzing day-to-day demand trends to adapt our operating structure to generate as much profit as possible, leading to maximum cash flow,\u201d stated Dennis Craven, Chatham\u2019s chief operating officer. \u201cOn a 60% RevPAR increase from January to April, GOP margins have accelerated 77% and GOP has jumped 177%. We have delivered excellent incremental gains, and our April GOP margin of 41% is approaching our 2019 GOP margin of 46% even though RevPAR remains well below 2019 levels.\u201d\n<\/p>\n

About Chatham Lodging Trust<\/b><\/p>\n

\nChatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,900 rooms\/suites in 15 states and the District of Columbia. Additional information about Chatham may be found at chathamlodgingtrust.com<\/a>.\n<\/p>\n

Non-GAAP Financial Measures<\/i><\/b><\/p>\n

Included in this press release are certain \u201cnon-GAAP financial measures,\u201d within the meaning of Securities and Exchange Commission (SEC) rules and regulations, that are different from measures calculated and presented in accordance with GAAP (generally accepted accounting principles). These non-GAAP financial measures should be considered along with, but not as alternatives to, net income or loss as prescribed by GAAP as a measure of its operating performance.<\/i><\/p>\n

Forward-Looking Statement Safe Harbor<\/i><\/b><\/p>\n

Note: This press release contains forward-looking statements within the meaning of federal securities regulations. These forward-looking statements include those with regard to the potential future impact of the COVID-19 pandemic, within the meaning of Section 27A of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), and Section 21E of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d). These forward-looking statements include information about possible or assumed future results of the lodging industry and our business, financial condition, liquidity, results of operations, cash flow and plans and objectives. These statements generally are characterized by the use of the words \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cplan,\u201d \u201ccontinue,\u201d \u201cintend,\u201d \u201cshould,\u201d \u201cmay\u201d or similar expressions. Although we believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, our actual results could differ materially from those set forth in the forward-looking statements. Important factors that we think could cause our actual results to differ materially from expected results are summarized below.<\/i><\/p>\n

One of the most significant factors, however, is the ongoing impact of the current outbreak of the COVID-19 pandemic on the United States, regional and global economies, the broader financial markets, our customers and employees, governmental responses thereto and the operation changes we have and may implement in response thereto. The current outbreak of the COVID-19 pandemic has also impacted, and is likely to continue to impact, directly or indirectly, many of the other important factors below. New factors emerge from time to time, and it is not possible for us to predict which factors will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. In particular, it is difficult to fully assess the impact of the COVID-19 pandemic at this time due to, among other factors, uncertainty regarding the severity and duration of the outbreak domestically and internationally and the effectiveness of federal, state and local governments’ efforts to contain the spread of COVID-19 and respond to its direct and indirect impact on the U.S. economy and economic activity.<\/i><\/p>\n

Other risks include, but are not limited to: national and local economic and business conditions, including the effect on travel of potential terrorist attacks, that will affect occupancy rates at the company\u2019s hotels and the demand for hotel products and services; operating risks associated with the hotel business; risks associated with the level of the company\u2019s indebtedness and its ability to meet covenants in its debt agreements; relationships with property managers; the company\u2019s ability to maintain its properties in a First-class manner, including meeting capital expenditure requirements; the company\u2019s ability to compete effectively in areas such as access, location, quality of accommodations and room rate structures; changes in travel patterns, taxes and government regulations which influence or determine wages, prices, construction procedures and costs; the company\u2019s ability to complete acquisitions and dispositions; and the company\u2019s ability to continue to satisfy complex rules in order for the company to remain a REIT for federal income tax purposes and other risks and uncertainties associated with the company\u2019s business described in the company’s filings with the SEC; inaccuracies of our accounting estimates and the uncertainty and economic impact of pandemics, epidemics or other public health emergencies of fear of such events, such as the recent COVID-19 pandemic. Given these uncertainties, undue reliance should not be placed on such statements. We undertake no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect future events or circumstances or to reflect the occurrence of unanticipated events. The forward-looking statements should also be read in light of the risk factors identified in the \u201cRisk Factors\u201d section in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2020 as updated by the Company’s subsequent filings with the SEC under the Exchange Act.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210603005988\/en\/<\/a><\/span><\/p>\n

\nDennis Craven (Company)
\n
Chief Operating Officer
\n
(561) 227-1386\n<\/p>\n

KEYWORDS:<\/b> Florida United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> REIT Lodging Commercial Building & Real Estate Construction & Property Travel<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Chatham Lodging Trust Provides Business Update RevPAR, Margins Continue to Accelerate, Cash Flow Positive and Growing WEST PALM BEACH, Fla.–(BUSINESS WIRE)– 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, today provided an update on operating results to date for the 2021 second quarter. Hotel RevPAR Performance The below chart summarizes RevPAR statistics by month for the company\u2019s 39 comparable hotels: \u00a0 January \u00a0 February \u00a0 March \u00a0 April \u00a0 May Occupancy \u2013 2021 46% \u00a0 50% \u00a0 60% \u00a0 65% \u00a0 70% ADR – 2021 $104 \u00a0 $105 \u00a0 $110 \u00a0 $117 \u00a0 $126 RevPAR \u2013 2021 $47 \u00a0 $53 \u00a0 $66 \u00a0 $75 \u00a0 $88 … <\/p>\n

Continue reading “Chatham Lodging Trust Provides Business Update”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-500672","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nChatham Lodging Trust Provides Business Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-trust-provides-business-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chatham Lodging Trust Provides Business Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Chatham Lodging Trust Provides Business Update RevPAR, Margins Continue to Accelerate, Cash Flow Positive and Growing WEST PALM BEACH, Fla.–(BUSINESS WIRE)– 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, today provided an update on operating results to date for the 2021 second quarter. Hotel RevPAR Performance The below chart summarizes RevPAR statistics by month for the company\u2019s 39 comparable hotels: \u00a0 January \u00a0 February \u00a0 March \u00a0 April \u00a0 May Occupancy \u2013 2021 46% \u00a0 50% \u00a0 60% \u00a0 65% \u00a0 70% ADR – 2021 $104 \u00a0 $105 \u00a0 $110 \u00a0 $117 \u00a0 $126 RevPAR \u2013 2021 $47 \u00a0 $53 \u00a0 $66 \u00a0 $75 \u00a0 $88 … Continue reading "Chatham Lodging Trust Provides Business Update"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-trust-provides-business-update\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-03T20:19:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210603005988r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chatham-lodging-trust-provides-business-update\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chatham-lodging-trust-provides-business-update\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Chatham Lodging Trust Provides Business Update\",\"datePublished\":\"2021-06-03T20:19:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chatham-lodging-trust-provides-business-update\\\/\"},\"wordCount\":1338,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chatham-lodging-trust-provides-business-update\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210603005988r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chatham-lodging-trust-provides-business-update\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chatham-lodging-trust-provides-business-update\\\/\",\"name\":\"Chatham Lodging Trust Provides Business Update - 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Hotel RevPAR Performance The below chart summarizes RevPAR statistics by month for the company\u2019s 39 comparable hotels: \u00a0 January \u00a0 February \u00a0 March \u00a0 April \u00a0 May Occupancy \u2013 2021 46% \u00a0 50% \u00a0 60% \u00a0 65% \u00a0 70% ADR – 2021 $104 \u00a0 $105 \u00a0 $110 \u00a0 $117 \u00a0 $126 RevPAR \u2013 2021 $47 \u00a0 $53 \u00a0 $66 \u00a0 $75 \u00a0 $88 … Continue reading \"Chatham Lodging Trust Provides Business Update\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-trust-provides-business-update\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-03T20:19:46+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210603005988r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-trust-provides-business-update\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-trust-provides-business-update\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Chatham Lodging Trust Provides Business Update","datePublished":"2021-06-03T20:19:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-trust-provides-business-update\/"},"wordCount":1338,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-trust-provides-business-update\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210603005988r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-trust-provides-business-update\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-trust-provides-business-update\/","name":"Chatham Lodging Trust Provides Business Update - 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