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 •
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.