Chatham Lodging Trust Completes Acquisition of Two Hotels in Pennsylvania

PALM BEACH, FL /PRNewswire-FirstCall/ -- Chatham Lodging Trust (NYSE:CLDT), a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium-branded select-service hotels,  has completed the acquisition of two hotels as part of a previously announced four-hotel package.

 The hotels are the 86-room SpringHill Suites by Marriott® (top left photo)  in Washington, Pa. and the 105-room Courtyard by Marriott® (middle right photo) in Altoona, Pa.

 The hotels will continue to be managed by Concord Hospitality Enterprises.

The company now has closed on three of the hotels in a previously announced four-hotel portfolio. The fourth hotel, a Residence Inn by Marriott® in White Plains, N.Y., remains subject to completion of due diligence and other closing conditions as previously reported.

Chatham Lodging Trust is a self-advised real estate investment trust that was organized to invest in upscale extended-stay hotels and premium-branded select-service hotels.

The company currently owns 10 hotels with an aggregate of 1,248 rooms/suites and has three additional hotels under contract to purchase. Additional information about Chatham may be found at www.chathamlodgingtrust.com.

Contact:
Jerry Daly, Carol McCune, Daly Gray Public Relations(Media), (703) 435-6293, 
jerry@dalygray.com
 Peter Willis, Chief Investment Officer (Acquisitions),  (561) 227-1387,
pwillis@cl-trust.com