Chatham Lodging to Rebrand its Washington, D.C. Hotel to Residence Inn

  

 PALM BEACH, FlL, Feb. 4, 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 will rebrand its 105-room Washington, D.C. hotel to a Residence Inn by Marriott following an upgrade/renovation.

Chatham acquired the hotel in July 2011, as part of a five-hotel portfolio acquisition.

Additionally, the company announced it repaid the approximate $19 million loan balance outstanding on the Washington, D.C. hotel and refinanced three other mortgage loans, extending the company’s debt maturity and enhancing earnings through reduced interest costs. 

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

     

Jerry Daly 

(Media)                                                                                                                                                                         

Gray Public Relations

jerry@dalygray.com   

(703) 435-6293                                                                              

          

Dennis Craven

Chief Financial Officer

 (Company)

dcraven@cl-trust.com

(561) 227-1386