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Chatham Lodging Completes Largest Acquisitions in Company History: Acquires Four Silicon Valley Residence Inns for $326 Million, Completes 47-Hotel Acquisition in Joint Venture
To Hold Conference Call
Chatham acquired four Residence Inns by
Chatham is considering the redevelopment and expansion of all four
The remaining 47 hotels in the 51-hotel portfolio were purchased by a
joint venture between
Based on the net purchase price for the sale of the 51-hotel Innkeepers
JV portfolio, Chatham experienced a non-GAAP economic gain of
approximately
Conference Call
Chatham will hold a conference call to discuss the transactions and
planned expansions at
About
This press release may contain “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
about
Source:
(Media)
Daly Gray Public Relations
Jerry Daly, 703-435-6293
chris@dalygray.com
or
(Company)
Chatham
Lodging Trust
Dennis Craven, 561-227-1386
dcraven@cl-trust.com