Investment Thesis
Chatham Lodging Trust (CLDT) is a geographically diversified lodging REIT in the United States. The REIT operates premium-branded hotels that tend to attract more customers and resulted in higher occupancy rates and average daily rates. Its revenue per available room and average daily rate should improve in the next few years as new supplies to its markets continue to decline. The company also has a solid balance sheet. Its valuation is relatively lower than its peers. Therefore, it is an attractive investment choice if a recession is not imminent.
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