- Chatham Lodging (NYSE:CLDT) gains 1.1% in premarket trading after reporting Q4 preliminary room revenue and revenue per available room that surpassed its earlier guidance as gas explosions in the Boston area increased hotel room demand.
- Sees adjusted funds form operations per share exceeding upper-end of its guidance range; saw 32 cents-36 cents (from Q3 release on Oct. 31).
- Estimates Q4 room revenue at $69M; had seen $65.5M-$67.0M.
- Q4 preliminary RevPAR of $125 vs. forecast of $119-$121.
- RevPAR growth of 4% vs. forecast of -1%-+1%.
- Previously: More on Chatham Lodging Q3: Expects October RevPar up 3% (Oct. 31, 2018)