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Jun 30, 2021
Chatham Q2 2021 Earnings Report
Operating trends advanced and the company is set to acquire two premium-branded, extended-stay hotels.
Key Takeaways
Chatham Lodging Trust announced its Q2 2021 results, showing significant improvement in operating trends with a 170% increase in portfolio RevPAR and positive Adjusted FFO for the first time since the pandemic began. The company is also set to acquire two hotels in Austin, Texas.
Portfolio Revenue Per Available Room (RevPAR) increased 170 percent to $87, compared to the 2020 second quarter.
Generated GOP margins of 43 percent compared to 19 percent in the 2020 second quarter.
Produced positive Adjusted EBITDA for the fourth consecutive quarter, generating Adjusted EBITDA of $12.5 million in the 2021 second quarter.
Jumped $17.3 million to $4.9 million compared to the 2020 second quarter, the first quarter since the beginning of the pandemic to generate positive Adjusted FFO.
Forward Guidance
Due to uncertainty surrounding the impact of the pandemic on the hotel industry, the company is not providing guidance at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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