Q3 2025 Chatham Lodging Trust Earnings Call Transcript
Key Points
- Chatham Lodging Trust (CLDT) completed the sale of five older hotels, enhancing liquidity for future investments.
- The company repurchased approximately 500,000 shares, indicating confidence in its undervalued stock.
- Chatham Lodging Trust (CLDT) successfully upsized and recast its credit facility and term loan, improving financial flexibility and reducing borrowing costs.
- The company maintained strong operational performance with hotel EBITDA and FFO per share towards the upper end of guidance, despite a challenging RevPAR environment.
- Chatham Lodging Trust (CLDT) reported record RevPAR at its Hampton Inn Portland, Maine, highlighting strong market performance.
- RevPAR declined by 2.5% in the third quarter, with further declines expected in the fourth quarter.
- The company's Sunnyvale hotels experienced a significant RevPAR drop of 9%, impacting overall performance.
- Government shutdowns and travel restrictions negatively affected RevPAR in Washington, DC, reducing overall portfolio performance.
- Chatham Lodging Trust (CLDT) faced challenges from convention-related demand losses in key markets like San Diego, Austin, and Dallas.
- The company anticipates continued RevPAR declines due to ongoing economic volatility and external factors such as international travel reductions.
Good morning, ladies and gentlemen, and welcome to the Chatham Lodging trust third quarter 2025 financial results conference call. (Operator Instructions) This call is being recorded on Wednesday, November 5, 2025.
I would now like to turn the call over to Mr. Chris Daly. Please go ahead.
Thank you, Kelsey. Happy Wednesday, everybody, and welcome to the Chatham Lodging trust third quarter 2025 results conference call. Please note that many of our comments today are considered forward-looking statements as defined by federal securities laws. These statements are subject to risks and uncertainties, both known and unknown, as described in our most recent Form 10-K and other SEC filings.
All information in this call is as of November 5, 2025, unless otherwise noted, and the company undertakes no obligation to update any forward-looking statements to conform the statement to actual results or changes in the company's expectations. You can find copies of our SEC filings and earnings release,
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