Hotel

Chatham Lodging Trust acquires two hotels

Chatham Lodging Trust, a hotel real estate investment trust, has completed the acquisition of two hotels as part of a previously announced four-hotel package.

The hotels are the 86-room SpringHill Suites by Marriott in Washington, Pennsylvania and the 105-room Courtyard by Marriott in Altoona, Pennsylvani.

The hotels will continue to be managed by Concord Hospitality Enterprises.

The company now has closed on three of the hotels in a previously announced four-hotel portfolio.

The fourth hotel, a Residence Inn by Marriott in White Plains, New York, remains subject to completion of due diligence and other closing conditions.




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