“Chatham Lodging Trust Acquires Six Hotels from RLJ Development for $73.5 Million” plus 3 more

---

• Chatham Lodging Trust Acquires Six Hotels from RLJ Development for $73.5 Million
• Chatham Lodging Trust Acquires Six Hotels from RLJ Development for $73.5 Million
• Chatham Lodging Trust Acquires Six Hotels from RLJ Development for $73.5M
• Economic Cycles Affecting the Difference Between Top Caribbean Lodging Facilities | By Andrew W. Reed

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Chatham Lodging Trust Acquires Six Hotels from RLJ Development for $73.5 Million Posted: 26 Apr 2010 08:42 AM PDT	Chatham Lodging Trust (NYSE:CLDT) today announced that it has acquired in an all-cash transaction six Homewood Suites by Hilton® hotels from RLJ Development, LLC for $73.5 million, or approximately $90,406 per suite. The six hotels are the first properties to be acquired by Chatham since it completed its initial public offering on April 21, 2010. The hotels will continue to be managed by Hilton Worldwide. "These hotels are typical of the type of properties we seek to acquire -- upscale extended-stay hotels and premium-branded select-service properties that are located in major markets with high barriers to entry near strong demand generators for both business and leisure guests," said Jeffrey H. Fisher, Chatham chief executive officer. "We intend to invest approximately $11 million over the next two years at these hotels to upgrade guest rooms and common areas to enhance the guest experience and to meet brand requirements." The six hotels are: Homewood Suites by Hilton® Boston - Billerica/Bedford/Burlington; Billerica, Mass.; 147 suites. Homewood Suites by Hilton® Hartford - Farmington; Farmington, Conn.; 121 suites. Homewood Suites by Hilton® Minneapolis - Mall of America; Bloomington, Minn., 144 suites. Homewood Suites by Hilton® Dallas - Market Center; Dallas, Texas; 137 suites. Homewood Suites by Hilton® Orlando - Maitland; Maitland, Fla.; 143 suites. Homewood Suites by Hilton® Nashville - Brentwood; Brentwood, Tenn.; 121 suites. homewood suites by hilton, litigation reform act, chatham lodging, private securities litigation reform, estate investment trust, nashville brentwood, dallas market center, private securities litigation reform act, securities litigation reform act, billerica mass, Jerry Daly, Carol McCune Daly Gray Public Relations Phone: (703) 435-6293 Chatham Lodging Trust www.chathamlodgingtrust.com/ 50 Cocoanut Row, Suite 200 USA - Palm Beach, FL 33480 Phone: (561) 802-4477
Chatham Lodging Trust Acquires Six Hotels from RLJ Development for $73.5 Million Posted: 26 Apr 2010 06:03 AM PDT {"s" : "cldt","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} PALM BEACH, Fla., April 26 /PRNewswire-FirstCall/ -- Chatham Lodging Trust (NYSE:CLDT - News) today announced that it has acquired in an all-cash transaction six Homewood Suites by Hilton® hotels from RLJ Development, LLC for $73.5 million, or approximately $90,406 per suite.  The six hotels are the first properties to be acquired by Chatham since it completed its initial public offering on April 21, 2010.  The hotels will continue to be managed by Hilton Worldwide. "These hotels are typical of the type of properties we seek to acquire -- upscale extended-stay hotels and premium-branded select-service properties that are located in major markets with high barriers to entry near strong demand generators for both business and leisure guests," said Jeffrey H. Fisher, Chatham chief executive officer.  "We intend to invest approximately $11 million over the next two years at these hotels to upgrade guest rooms and common areas to enhance the guest experience and to meet brand requirements." The six hotels are: Homewood Suites by Hilton®Boston – Billerica/Bedford/Burlington; Billerica, Mass.; 147 suites. Homewood Suites by Hilton®Hartford – Farmington; Farmington, Conn.; 121 suites. Homewood Suites by Hilton®Minneapolis – Mall of America; Bloomington, Minn., 144 suites. Homewood Suites by Hilton®Dallas – Market Center; Dallas, Texas; 137 suites. Homewood Suites by Hilton®Orlando – Maitland; Maitland, Fla.; 143 suites. Homewood Suites by Hilton® Nashville – Brentwood; Brentwood, Tenn.; 121 suites. About Chatham Lodging Trust Chatham Lodging Trust is a self-advised real estate investment trust that was organized to invest in upscale extended-stay hotels and premium-branded select service hotels.  The company currently owns six hotels with an aggregate of 813 rooms/suites.  Additional information about Chatham may be found at www.chathamlodgingtrust.com.   This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 about Chatham Lodging Trust, including those statements regarding acquisitions, capital expenditures, future operating results and the timing and composition of revenues, among others, and statements containing words such as "expects," "believes" or "will," which indicate that those statements are forward-looking.  Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results or performance to differ materially from those discussed in such statements.  Additional risks are discussed in the company's filings with the Securities and Exchange Commission. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.
Chatham Lodging Trust Acquires Six Hotels from RLJ Development for $73.5M Posted: 26 Apr 2010 07:14 AM PDT PALM BEACH, Fla. -- Chatham Lodging Trust (NYSE:CLDT) today announced that it has acquired in an all-cash transaction six Homewood Suites by Hilton® hotels from RLJ Development, LLC for $73.5 million, or approximately $90,406 per suite. The six hotels are the first properties to be acquired by Chatham since it completed its initial public offering on April 21, 2010. The hotels will continue to be managed by Hilton Worldwide. "These hotels are typical of the type of properties we seek to acquire -- upscale extended-stay hotels and premium-branded select-service properties that are located in major markets with high barriers to entry near strong demand generators for both business and leisure guests," said Jeffrey H. Fisher, Chatham chief executive officer. "We intend to invest approximately $11 million over the next two years at these hotels to upgrade guest rooms and common areas to enhance the guest experience and to meet brand requirements." The six hotels are: -- Homewood Suites by Hilton® Boston - Billerica/Bedford/Burlington;Billerica, Mass.; 147 suites. -- Homewood Suites by Hilton® Hartford - Farmington; Farmington, Conn.; 121 suites. -- Homewood Suites by Hilton® Minneapolis - Mall of America; Bloomington, Minn., 144 suites. -- Homewood Suites by Hilton® Dallas - Market Center; Dallas, Texas; 137 suites. -- Homewood Suites by Hilton® Orlando - Maitland; Maitland, Fla.; 143 suites. -- Homewood Suites by Hilton® Nashville - Brentwood; Brentwood, Tenn.; 121 suites. About Chatham Lodging Trust Chatham Lodging Trust is a self-advised real estate investment trust that was organized to invest in upscale extended-stay hotels and premium-branded select service hotels. The company currently owns six hotels with an aggregate of 813 rooms/suites. Additional information about Chatham may be found at www.chathamlodgingtrust.com. Tweet This Share Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.
Economic Cycles Affecting the Difference Between Top Caribbean Lodging Facilities | By Andrew W. Reed Posted: 26 Apr 2010 04:56 AM PDT This article discusses the differences between two of the highest-yielding segments of the lodging market in the Caribbean. Smith Travel Research (STR) classifies branded hotels into one of the following tiers: Luxury, Upper Upscale, Upscale, Midscale, or Economy, from highest to lowest quality. This analysis has grouped Upscale and Upper Upscale properties together (a sample of 11,778 rooms in 37 hotels, yielding an average size of 318 rooms per hotel, as of the end of 2009) and goes forth to compare their performance over the last eleven years against the performance of Luxury properties (a sample of 6,113 rooms in 25 hotels, yielding an average size of 245 rooms per hotel as of the end of 2009). Defining facets of the properties, occupancy, average daily rate (ADR), and revenue per available room (RevPAR), are analyzed. For the purpose of this analysis, only chain-affiliated properties were taken into consideration in order to ensure the most consistency in classification. About HVS | HVS is the world's leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 2,000 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. We are client driven, entrepreneurial, and dedicated to providing the best advice and services in a timely and cost-efficient manner. Through a worldwide network of 30 offices staffed by 400 seasoned industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

You are subscribed to email updates from Yahoo! News Search Results for Hotels and Lodging To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610