CLDT - Director At Chatham Lodging Buys $69K of Stock | Benzinga
In a recent SEC filing, it was revealed that ROLF RUHFUS, Director at Chatham Lodging (NYSE:CLDT), made a noteworthy insider purchase on January 16,.
What Happened: RUHFUS's recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, involves purchasing 6,504 shares of Chatham Lodging. The total transaction value is $69,983.
As of Wednesday morning, Chatham Lodging shares are down by 0.0%, currently priced at $10.49.
Delving into Chatham Lodging's Background
Chatham Lodging Trust is a U.S.-based real estate investment trust that invests in upscale extended-stay hotels. The firm operates across various states in the U.S., including California, New York, Texas, Florida, Minnesota, Massachusetts, and Pennsylvania among others. Substantially all of the company's assets are held and operated by its Operating Partnership, Chatham Lodging, LP. Chatham Lodging LP and its subsidiaries lease the overall company's hotels. The firm operates through a single segment because of the similar economic characteristics of its hotels. Chatham's revenue streams include Room, Food and beverage, and Other. Room comprises the majority of total revenue. Chatham's hotels operate under major brands, including Hilton, Marriott, and Hyatt.
Chatham Lodging's Economic Impact: An Analysis
Revenue Challenges: Chatham Lodging's revenue growth over 3 months faced ...