Chatham Lodging Reports Strong Q3 2026 Results with Raised Full-Year Guidance
Chatham Lodging (CLDT) delivered robust third-quarter 2026 financial results, characterized by a significant increase in Revenue Per Available Room (RevPAR) to $161, up 8.3% year-over-year. This growth was primarily fueled by record demand in July and September, particularly within tech-centric markets like Silicon Valley, where RevPAR reached a post-pandemic high of $174. The company's portfolio occupancy hit 83%, the highest level since 2019, signaling a strong resurgence in business travel. Driven by aggressive expense management and strong operating performance, Adjusted FFO per diluted share rose 31% to $0.46. Consequently, management raised its full-year Adjusted FFO guidance to a range of $1.38 to $1.40 per share. While some localized softness was noted in Savannah and Portsmouth due to market cooling and increased competition, the overall outlook remains positive with strong liquidity and stable leverage.
Tickers: $CLDT
Topics: EBITDA Margin FFO per Share Hotel Industry Performance Revenue Growth RevPAR