Chatham Lodging Trust (CLDT) 2018年年度报告「NYSE」.pdf

1、2018 Annual ReportChatham Lodging Trust is a self-advised,publicly-traded real estate investment trust focused primarily on investing in upscale extended-stay hotels and premium-branded,select-service hotels.Our high quality hotels are located in major markets with high barriers to entry,near primar

2、y demand generators for both business and leisure guests.Our primary objective is to generate attractive returns for our shareholders through investing in hotel properties at prices that provide strong returns on invested capital,paying meaningful dividends and generating long-term value appreciatio

3、n.Dear Shareholder,As we move forward into 2019 and close the chapter on 2018,I hope this letter finds each of our shareholders,interested parties and employees well.2018 was a good year operationally.Revenue per Available Room(RevPAR)rose almost 1 percent and finished above the upper end of our gui

4、dance range of minus 1.5 percent to plus 0.5 percent for the year.Adjusted Earnings Before Interest,Taxes,Depreciation and Amortization(EBITDA)finished towards the upper end of our guidance range,and adjusted Funds from Operation(FFO)beat the upper end of our expectations by a penny.Driven by acquis

5、itions in 2017 and 2018,we grew adjusted EBITDA and adjusted FFO approximately 5 percent year-over-year.Im particularly pleased with the results from certain programs and innovative tools that were implemented in 2017 and 2018 to drive incremental revenue or profits.These programs and tools were the

6、 result and product of collaboration between Chatham and Island Hospitality and drive home the huge benefit we derive from working closely together.For example,we analyzed parking rates across the portfolio and successfully raised them,generating a$1.5 million incremental parking revenue increase at