Chatham Lodging Declares Monthly Dividend
Friday May 10th, 2013 - 10:39AM X
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PALM BEACH, FL—Chatham Lodging Trust, a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded select-service hotels, has declared a monthly common share dividend of $0.07 for May 2013. The common dividend is payable June 28, 2013, to shareholders of record on May 31, 2013.
The company owns interests in 73 hotels acquired for approximately $1.5 billion. This is comprised of 20 hotels it wholly owns with an aggregate of 2,733 rooms and suites in 11 states and the District of Columbia, and a minority investment in a joint venture that owns 53 hotels with an aggregate of 7,026 rooms and suites.
Tags: • Hospitality • Quarterly Results •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.