Chatham Lodging Declares Monthly Dividend
Wednesday April 10th, 2013 - 10:07AM X
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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 •
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.