CLDT - Director Of Chatham Lodging Purchased $69K In Stock | Benzinga
Disclosed in the latest SEC filing, a significant insider purchase on January 16, involves Isaacs Ethel Williams, Director at Chatham Lodging (NYSE:CLDT).
What Happened: Williams's recent purchase of 6,504 shares of Chatham Lodging, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, reflects confidence in the company's potential. The total transaction value is $69,983.
Chatham Lodging's shares are actively trading at $10.49, experiencing a down of 0.0% during Wednesday's morning session.
All You Need to Know About Chatham Lodging
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.
Breaking Down Chatham Lodging's Financial Performance
Revenue Challenges: Chatham Lodging's ...