Chatham Lodging August RevPAR Jumps 8%, Silicon Valley Hotels Surge 32%
CLDT has more than doubled off its 52-week low of $6.08.
Summary
Chatham Lodging reported August RevPAR growth of 8% across its 39-hotel portfolio, with Silicon Valley hotels surging 32% and recently acquired Midwest hotels up 8%. This follows June and July RevPAR growth of 9% and 10%, respectively, indicating sustained momentum. The board also declared a quarterly common dividend of $0.10 per share and preferred dividend of $0.41406 per share, payable October 15 to shareholders of record September 30. The strong RevPAR performance, particularly in Silicon Valley, suggests continued demand strength in key markets and supports the company's recent guidance of $312M-$316M in total hotel revenue for FY26. Investors will likely view the dividend declaration as a sign of financial stability and confidence in cash flow.
At the time of this announcement, CLDT was trading at $13.04 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $607.2M. The 52-week trading range was $6.08 to $13.89. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.