Disclosed in the latest SEC filing, a significant insider purchase on January 16, involves Elizabeth Mary Higgins, Board Member at Chatham Lodging (NYSE:CLDT).
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, Higgins purchased 6,504 shares of Chatham Lodging, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $69,983.
Tracking the Wednesday's morning session, Chatham Lodging shares are trading at $10.49, showing a down of 0.0%.
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.
Chatham Lodging: A Financial Overview
Revenue Growth: Chatham ...