Chatham Lodging Acquires Hilton Garden Inn Portsmouth Downtown in New Hampshire for $43.5 Million

Chatham Lodging Trust | September 21, 2017

PORTSMOUTH, N.H., September 21, 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 131-room Hilton Garden Inn Portsmouth Downtown in N.H., for $43.5 million, or approximately $332,000 per room. "This gorgeous property is located in the absolute center of downtown Portsmouth, a beautiful, historic, waterfront community, and is a perfect complement to the Chatham portfolio," said Jeffrey H. Fisher, Chatham's chief executive officer and president. "The hotel enjoy...