Saturday, September 25, 2010

Chatham buys hotel portfolio for $61 million

Chatham Lodging Trust said Friday it has completed the acquisition of a hotel in White Plains, N.Y., that's part of a $61 million property portfolio purchased by the hotel operator.


The 133-suite Residence Inn by Marriott was the last of four hotels in the portfolio.

Chatham has now acquired 11 hotels and has two hotels under contract since its initial public offering in April.

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