Chatham Lodging Declares Monthly Dividend
Thursday October 10th, 2013 - 10:06AM XH
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PALM BEACH, FL—Chatham Lodging Trust has declared a monthly common share dividend of $0.07 for October 2013.
The common dividend is payable Nov. 29, 2013, to shareholders of record on Oct. 31, 2013.
Chatham Lodging Trust is a self-advised REIT that invests in upscale extended-stay hotels and premium-branded, select-service hotels. The company owns interest in 75 hotels, comprised of 23 hotels it wholly owns and a minority investment in two joint ventures that own 52 hotels.
Tags: Chatham Lodging Trust • monthly dividend • Hospitality • Ownership • 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.