PALM BEACH, FLORIDA Chatham Lodging Trust has postponed a planned public offering of 7 million common shares due to unfavorable market conditions.
The hotel REIT, focused on acquiring upscale extended-stay hotels and premium branded select-service hotels, is delaying indefinitely its share offering that was first announced last Friday. Chatham’s share price slipped 5.8% between Friday’s share sale announcement and Wednesday.
Chatham owns 13 hotels with an aggregate of 1,650 guestrooms across nine states.
Showing posts with label Chatam. Show all posts
Showing posts with label Chatam. Show all posts
Thursday, November 18, 2010
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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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.
Read More:
