Profile: Chatham Lodging Trust (CLDT.N)

CLDT.N on New York Stock Exchange

23.12USD
29 Aug 2014
Price Change (% chg)

$-0.04 (-0.17%)
Prev Close
$23.16
Open
$23.15
Day's High
$23.33
Day's Low
$23.03
Volume
45,855
Avg. Vol
51,016
52-wk High
$23.49
52-wk Low
$17.65

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Chatham Lodging Trust is a hotel investment company. The Company was formed to invest in extended-stay, select-service and full-service hotels. The Company focuses on investing in select-service hotels, such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites. In addition, Chatham Lodging Trust focuses on investing in branded full-service hotels. In October 2011, the Company and affiliates of Cerberus Capital Management, L.P., acquired 64 hotels from affiliates of Innkeepers USA Trust. In June 2013, Chatham Lodging Trust announced that has completed its acquisition of the 178-room Hyatt Place Pittsburgh/North Shore in Pittsburgh, Pa. Effective August 13, 2013, Chatham Lodging Trust acquired Hampton Inn & Suites, an owner and operator of hotels. In October 2013, Chatham Lodging Trust acquired Hilton Garden Inn Denver Tech Center. In November 2013, Chatham Lodging Trust acquired the 231-room Residence Inn by Marriott Seattle Bellevue/Downtown. In December 2013, Chatham Lodging Trust acquired the 160-room SpringHill Suites by Marriott Savannah Downtown/Historic District. In June 2014, Chatham Lodging Trust completed the acquisition of 51-hotel, 6,848-room portfolio from joint venture comprised of Cerberus Capital Management LP and Chatham.

The Company focuses on investing primarily in hotels in the metropolitan markets in the United States. The Company has not entered into any contracts to acquire hotel properties or other assets.

Company Address

Chatham Lodging Trust

SUITE 200, 50 COCOANUT ROW
PALM BEACH   FL   33480
P: +1561.8024477
F: +1561.8354125

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