Chatham Lodging Trust Q4 RevPAR forecast: 3.5% to 2.5% decline, balance sheet strengthening, and share repurchases.

Chatham Lodging Trust reports a Q4 RevPAR decline of 3.5% to 2.5%. Despite this, the company has strengthened its balance sheet and plans to continue share repurchases. The sale of 5 hotels earlier this year has helped to enhance the company's position, with an average age of 25 years and a capitalization rate of approximately 6%.