Chatham Lodging Declares Dividend
Friday November 8th, 2013 - 10:37AM Z
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PALM BEACH, FL—Lodging REIT Chatham Lodging Trust declared a monthly common share dividend of $0.07 for November.
The common dividend is payable December 27 to shareholders of record on November 29, 2013.
Chatham Lodging Trust is a self-advised REIT that invests in upscale extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 76 hotels totaling 10,526 rooms/suites, comprised of 24 hotels it wholly owns with an aggregate of 3,431 rooms/suites in 14 states and the District of Columbia and holds a minority investment in two joint ventures that own 52 hotels with an aggregate of 7,095 rooms/suites.
Tags: Chatham Lodging Trust • REIT • dividend • Hospitality • Investment Funds •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.