Chatham Lodging Buys Six Hilton Hotels, Hikes Quarterly Dividend

Key Takeaways CLDT acquired six Hilton-branded hotels with 589 rooms for $92M, expanding its extended-stay footprint.CLDT sold six older hotels for about $100M as part of a strategy to recycle capital into newer assets.CLDT expects about $0.10 per share annual boost to adjusted FFO and raised its quarterly dividend by 11%.Chatham Lodging Trust (CLDT) recently announced the acquisition of six Hilton-branded hotels with 589 rooms for $92 million. The portfolio includes two Homewood Suites by Hilton properties ...