Chatham Lodging Declares Monthly Dividend
Friday August 9th, 2013 - 10:31AM X
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PALM BEACH, FL—Chatham Lodging Trust has declared a monthly common share dividend of $0.07 for August 2013.
The common dividend is payable September 27, 2013, to shareholders of record on August 30, 2013. Chatham Lodging Trust is a hotel real estate investment trust (REIT) focused on upscale extended-stay and premium-branded select-service hotels. The company owns interests in 73 hotels acquired for approximately $1.5 billion, comprised of 21 hotels it wholly owns and 52 hotels in which it holds a minority investment in a joint venture.
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.