Sunday, February 2, 2014

Chatham Lodging Announces Fourth Quarter Earnings Call for Feb. 19

Jeffrey H. Fisher
PALM BEACH, FL—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium-branded select-service hotels, announced it will report fourth quarter 2013 financial results on Tuesday, February 18, 2014, following the close of the market. 

On Wednesday, February 19, 2014, at 11:00 a.m. ET, Jeffrey H. Fisher, Chatham’s chief executive officer, and Dennis M. Craven, its chief financial officer, will host a conference call to review fourth quarter 2013 financial results.

Dennis M. Craven
Shareholders and other interested parties may listen to a simultaneous webcast of the conference call on the Internet by logging onto Chatham’s Web site,, or, or may participate in the conference call by dialing 1-800-762-8779, reference number 4667024. 

A recording of the call will be available by telephone until midnight on Wednesday, February  26, 2014, by dialing 1-800-406-7325, reference number 4667024.  A replay of the conference call will be posted on Chatham’s website.

For a complete copy of the company’s news release, please contact:

Chris Daly                                                            
Daly Gray Public Relations                                  
(703) 435-6293                                                     

 Dennis Craven
 Chief Financial Officer
 (561) 227-1386              

400 New Condos Unsold In Greater Downtown Miami From Crash Of 2007


MIAMI, FL --- Some seven years after the South Florida condo crash first began in 2007, less than 400 new units created in Greater Downtown Miami during the last real estate boom remain under the control of the original developers as of the end of 2013, according to a new report from

Peter Zalewski
New condo sales in Greater Downtown Miami transacted at a pace of nearly 26 units per month between January and December of 2013 compared to about 80 units per month in the same 12-month period in 2012, according to the report based on the Condo Vultures® Official Condo Buyers Guide To Miami™. 

Even with the dramatically slower pace, buyers still purchased about 310 new units in Greater Downtown Miami for nearly $146.1 million - an average price of about $478 per square foot - between January and December of 2013 compared to an average price of about $407 per square foot in the same period in 2012, according to an analysis based on Miami-Dade County Clerk of the Court records.

"It has taken several years but developers finally seem to be on their way to selling out the overhang of condo inventory that was created during the previous real estate boom," said Peter Zalewski, a principal with the Greater Downtown Miami-based real estate consultancy Condo Vultures® LLC.

"At the 2013 sales pace, Greater Downtown Miami could very well be sold out of boom-era developer units in the first half of 2015.

“The unknown question going forward is whether buyers will choose existing unsold developer condos from the last boom when more than 13,600 new units are currently proposed for the Greater Downtown Miami market."

For a complete copy of the company’s news release, please contact:

Condo Vultures®
425 NE 22nd St.,
Suite 409,
 Downtown Miami, FL 33137.