Chatham Lodging Trust reports 8% RevPAR growth in Q3 2026
Chatham Lodging Trust posted an 8% rise in revenue per available room for the quarter ended 30 September 2026. The results, released on 9 November 2026, apply to the REIT’s portfolio of 39 comparable hotels.
In this story
At a glance
- What changes
- Revenue per available room grew 8% in Q3 2026
- Timing
- Results cover the three months ended 30 September 2026
- Who is affected
- Guests staying at Chatham Lodging’s 39 hotels
The details
Financial performance overview
Chatham Lodging Trust, a lodging REIT, released its third‑quarter 2026 earnings on 9 November. Net income applicable to common shareholders more than doubled to $5 million, up from $2 million a year earlier. Adjusted EBITDA rose 21% to $32 million, and adjusted FFO per diluted share increased 31% to $0.46.
Revenue per available room (RevPAR) details
RevPAR across the company’s 39 comparable hotels climbed more than 8% to $161, setting a new third‑quarter record. Occupancy improved by 390 basis points to 83%, while the average daily rate rose 310 basis points to $194. The six‑hotel portfolio acquired earlier in the year posted a 10% RevPAR gain, reaching $132.
Profitability and adjusted metrics
Gross operating profit margins advanced 110 basis points to 45%, and adjusted hotel EBITDA margins increased 190 basis points to 39%. Beginning in 2026, Chatham Lodging altered its adjusted FFO per share calculation to add back share‑based compensation expense and recast prior periods accordingly.
What this means for travellers
Trip planning
- Travelers may notice higher average daily rates at Chatham Lodging properties following the reported $194 ADR.
- Increased occupancy to 83% could affect availability for last‑minute bookings at the 39 hotels.
Cost and documents
- No new fees or documentation requirements are introduced for guests.
- Higher room rates may increase overall travel budgets for stays at Chatham Lodging hotels.
What you need to do
- Guests should compare current rates with previous bookings to assess any cost impact.
- Travel planners may want to confirm room availability early due to higher occupancy levels.
Who this affects
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Extended‑stay guests
Chatham Lodging specializes in upscale extended‑stay hotels.
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Business travelers
The portfolio includes premium‑branded select‑service properties used for business trips.
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Leisure travelers
Higher occupancy and ADR affect leisure travelers booking at the same hotels.
Frequently asked questions
What was Chatham Lodging's RevPAR in Q3 2026?
Chatham Lodging reported RevPAR of $161 for the quarter ended 30 September 2026, an increase of more than 8% over the prior year.
How did occupancy change for Chatham Lodging in Q3 2026?
Occupancy rose by 390 basis points to 83% during the third quarter of 2026, reflecting stronger demand across its hotel portfolio.
What was the average daily rate for Chatham Lodging hotels in Q3 2026?
The average daily rate increased 310 basis points to $194 in the third quarter of 2026.
Did Chatham Lodging's net income increase in Q3 2026?
Yes, net income applicable to common shareholders more than doubled to $5 million, up from $2 million in the same quarter a year earlier.
What change did Chatham Lodging make to its adjusted FFO calculation in 2026?
Beginning in 2026, the REIT added back share‑based compensation expense to its adjusted FFO per share calculation and recast prior periods to reflect this change.
