Chatham Lodging Trust's preferred dividend is doing exactly what preferred dividends do... nothing surprising. But the Q1 2026 numbers underneath it tell a more useful story about what's actually working in upscale select-service right now, and what that 135-basis-point margin expansion means for operators watching their own expense lines creep.
Truist dropped RLJ Lodging's price target from $8 to $7 and shaved its EBITDA estimate, which sounds like a Wall Street story until you realize someone at each of those 92 hotels is about to get a tighter budget memo.
The biggest coordinated minimum wage spike since the pandemic is rolling through 22 states, and if you haven't already remodeled your compensation structure from the ground up, you're about to get a very ugly surprise on your next P&L.
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