inland american
Inland American Board of Directors Approves Spin-off of Xenia Hotels & Resorts, Inc.
Inland American Real Estate Trust, Inc. | January 21, 2015
Inland Anticipates the Separation of Xenia to occur on February 3, 2015 with a listing on the NYSE to follow on February 4, 2015 for Xenia January 21, 2015 - OAK BROOK, Ill. - Inland American Real Estate Trust, Inc. ("Inland American") today announced that its Board of Directors has formally authorized the distribution of 95% of the shares of common stock of Xenia Hotels & Resorts, Inc. ("Xenia"), a wholly owned subsidiary of Inland American, to its stockholders. Following the distribution, Xenia will be a self-managed, publicly traded real estate investment trust ("REIT") listed on the New York Stock Exchange ("NYSE") under the sy...
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...
