Friday May 10th, 2013 - 10:39AM
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.