Business
Chatham Lodging Trust Announces Sale of Hotel
WEST PALM BEACH, Fla., December 23, 2025--Chatham Lodging Trust Announces Sale of Hotel
About this update from Chatham Lodging Trust (reit)
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/b8e1c70b8b72ca97d2b2b23d9613c40a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/RZOwGEl1xQFZTMbLjEQdMg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/b8e1c70b8b72ca97d2b2b23d9613c40a","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/NGIkuXeUBRO6LADWUQ7UZQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/b8e1c70b8b72ca97d2b2b23d9613c40a","width":1024,"height":512}},"lazy":false},{"type":"text","content":"WEST PALM BEACH, Fla., December 23, 2025--(BUSINESS WIRE)--Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced the closing of the sale of the 27-year-old, 147-suite Homewood Suites by Hilton Billerica, Ma., for $17.4 million. An approximate $6 million renovation of the hotel was planned for 2025 but was not completed due to the pending sale. The hotel was projected to have the third lowest RevPAR in the portfolio and earn approximately $1 million of net operating income in 2025, thus equating to a capitalization rate of approximately 4 percent.","length":692,"tagName":"p"},{"type":"text","content":"This sale marks the sixth hotel sold since December 2024, generating proceeds of approximately $100 million. Including near-term capital expenditures, the aggregate price equates to an approximate six percent capitalization rate.","length":229,"tagName":"p"},{"type":"text","content":"About Chatham Lodging Trust","length":27,"tagName":"p"},{"type":"text","content":"Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 33 hotels with 5,021 rooms/suites in 15 states and the District of Columbia. Additional information about Chatham may be found at chathamlodgingtrust.com.","length":365,"tagName":"p"},{"type":"text","content":"Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995","length"...