Wednesday February 6th, 2013 - 10:21AM
PALM BEACH, FL—Chatham Lodging Trust has acquired the three-year-old Courtyard by Marriott Houston Medical Center hotel for $34.75 million.
The company funded the acquisition under its secured revolving credit facility.
The 197-room hotel, including six suites, features Marriott’s new lobby concept, as well as three meeting rooms comprising approximately 2,000 sq. ft. The hotel also offers a Zen garden.
Island Hospitality Management will manage the hotel.