Hyatt Place Pittsburgh North Shore Hotel, Pittsburgh, PA
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| Jeffrey H. Fisher |
The Pittsburgh Hyatt Place opened in December 2010 and is
located in Pittsburgh’s North Shore neighborhood, next door to PNC Park
(home of the Pittsburgh Pirates) and near such attractions as Heinz Field
(home of the Pittsburgh Steelers), the Andy Warhol Museum, the Carnegie Science
Center and the National Aviary.
The
Pittsburgh Hyatt Place is also proximate to Fortune 500 employers such as
Alcoa, Del Monte Foods, PNC Financial, U.S. Steel and Heinz.
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| PNC Park, Pittsburgh, PA |
Upon completion of the acquisition, the Pittsburgh Hyatt
Place will be managed by Island Hospitality Management, or IHM, which is 90%
owned by Jeffrey H. Fisher, Chatham’s Chairman, President and Chief
Executive Officer.
Chatham expects that the acquisition of the Pittsburgh Hyatt
Place will close by June 17, 2013.
Additionally, Chatham
announced that it anticipates its 2013 second quarter revenue per
available room, or RevPAR, will be further impacted by renovations in
connection with the Company’s rebranding of the former Doubletree Guest
Suites hotel in Washington D.C. to a Residence Inn by Marriott,
which Chatham expects to complete in the third quarter of 2013.
For a complete copy of the company’s news release, please
contact:
Jerry Daly
Daly Gray Public Relations
(703) 435-6293
Dennis Craven
Chief Financial Officer
(561) 227-1386
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