chatham lodging
Chatham Lodging’s Chief Investment Officer, Peter Willis, to Step Down
Chatham Lodging Trust | March 9, 2020
WEST PALM BEACH, Fl -- March 9, 2020 -- Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 134 hotels wholly or through joint ventures, today announced that Peter Willis, Chatham’s chief investment officer, is stepping down from the company. “Peter was the first executive I hired at Chatham and has played an instrumental role in the company’s growth since our initial public offering almost a decade ago when we started the company with no hotels,” commented Jeffrey H. Fisher, Chatham’s president and chief ...
Chatham Lodging Acquires 219-Room Embassy Suites by Hilton in Springfield, Virginia for $68 Million
Chatham Lodging Trust | December 7, 2017
WEST PALM BEACH, Fla., December 7, 2017—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that it has acquired the 219-suite Embassy Suites by Hilton in Springfield, Virginia for $68 million, or approximately $310,000 per suite. Chatham funded the purchase through available cash from its recently completed 5,000,000 share offering that raised approximately $109 million dollars. With this acquisition, Chatham has invested approximately 81 percent of the proceeds from the share offering. "Th...
Chatham Lodging Acquires California Hilton Garden Inn Hotel in Marina del Rey for $44.5 Million
Chatham Lodging Trust | September 21, 2015
PALM BEACH, Fla., September 21, 2015—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that it has acquired the 134-room Hilton Garden Inn Marina del Rey in Ca. for $44.5 million, or approximately $332,000 per room. "This property, located in the heart of the scenic Marina del Rey Harbor/Marina Beach area, adds another irreplaceable jewel to our portfolio," said Jeffrey H. Fisher, Chatham's chief executive officer and president. "The hotel is in the heart of the rapidly growing technology ...
Chatham Lodging Acquires Residence Inns in Boston (Dedham) & Fort Lauderdale Intracoastal for $55.5M
Chatham Lodging Trust | July 22, 2015
PALM BEACH, Fla., July 22, 2015—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that it has acquired the 81-room Residence Inn Boston (Dedham), Mass., and is under contract to purchase the 105-room Residence Inn Fort Lauderdale Intracoastal/ Il Lugano. The Fort Lauderdale transaction is expected to close in late August, following customary due diligence. Chatham is acquiring the two hotels from the Claremont Companies for $55.5 million, or approximately $298,000 per room. "Our outlook on the...
Chatham Lodging Completes $1.1B Acquisition of 52-hotel, 6,976-room Portfolio from Inland American
Chatham Lodging Trust | November 18, 2014
Expands NorthStar Relationship with 48-Hotel, $1.1 Billion Joint Venture, Acquires Four Strategic Hotels for $107 Million PALM BEACH, Fla., November 18, 2014 - Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium-branded, select-service hotels, today announced that it completed the previously announced acquisition of a 52-hotel, 6,976-room portfolio from Inland American (Inland). The combined total purchase price was approximately $1.1 billion, before deal costs and funding of escrows. Chatham acquired four hotels as part of the sale of the 52-ho...
