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| Hampton Inn & Suites, Exeter, NH |
PALM BEACH, FL, Aug. 13, 2013—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded select-service hotels, today announced that it has acquired the 111-room Hampton Inn & Suites in Exeter, New Hampshire for a purchase price of $15.2 million, plus customary pro-rated amounts and closing costs.
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| Jeffrey H. Fisher |
With convenient access to Interstate 95, the LEED-certified hotel is proximate to Phillips Exeter Academy and strong corporate clients such as Timberland, Bauer, Cobham, Sig Sauer and leisure destination Hampton Beach.
“This hotel is well located in downtown Exeter, the historic New England village home to one of the most prestigious college preparatory schools in the country, and benefits from a very diverse mix of corporate and leisure demand generators given its close proximity to seaside destinations,” said Jeffrey H. Fisher, Chatham’s chief executive officer.
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| Peter Willis |
“Utilizing our extensive network of relationships, we were able to source this deal privately and directly without the involvement of any third parties,” commented Peter Willis, chief investment officer. “We have an active pipeline and remain very selective as we accumulate a high quality hotel investment portfolio.”
For a complete
copy of the company’s news release, please contact:
Daly Gray Public Relations
jerry@dalygray.com
(703) 435-6293
Dennis Craven
Chief Financial Officer
dcraven@cl-trust.com
(561) 227-1386
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