Chatham Lodging Trust announced Q4 2022 results, featuring a 24 percent increase in portfolio RevPAR to $117 compared to Q4 2021. The company reinstated a common dividend for the first time since Q1 2020.
Portfolio RevPAR increased 24 percent to $117 compared to Q4 2021.
Hotel EBITDA margin rose to 33 percent in Q4 2022 compared to 31 percent in Q4 2021.
Adjusted EBITDA jumped 34 percent to $20.4 million from $15.2 million in Q4 2021.
A common dividend of $0.07 per share was declared, the first since the start of the pandemic.
Due to uncertainty surrounding the hotel industry, the company is not providing guidance at this time.
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