PALM BEACH, FL, Nov. 30, 2015—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 successfully closed on a new, expanded $250 million senior
unsecured revolving credit facility.
The new unsecured
revolving credit facility will mature in November 2020, which includes the
option to extend the maturity by an additional year and replaces a $175 million
secured credit facility that was scheduled to mature in 2016.
For a complete copy of the company’s news release,
please contact:
Patrick Daly
Account Executive
Daly Gray, Inc.
620 Herndon Parkway
Suite 115
Herndon, VA 20170
(703) 435-6293 (office)
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