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Chatham Acquires Houston Courtyard

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.

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