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 ...