Reports Q3 revenue $87.18M, consensus $87.78M. CEO Jeffrey Fisher commented, “It’s been a productive quarter delivering RevPAR growth of over 2%, meeting consensus estimates of 35c per share and progressing on our capital recycling initiative. We currently have five hotels under contract to be sold which would result in net proceeds of approximately $80M if the transactions close.”
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLDT: