Chatham Lodging Declares Monthly Dividend
Wednesday April 10th, 2013 - 10:07AM X
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
PALM BEACH, FL—The board of trustees of 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 April 2013. The common dividend is payable May 31, 2013, to shareholders of record on April 30, 2013.
The company owns interests in 74 hotels acquired for approximately $1.5 billion, comprised of 20 hotels it wholly owns and a minority investment in a joint venture that owns 54 hotels.
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.