Florida's Chatham Lodging Trust raises $150 million in IPO

04/16/2010 | Bloomberg

Palm Beach, Fla.-based hotel property trust Chatham Lodging Trust says it raised $150 million through its initial public offering this week. The company reportedly sold 7.5 million shares at $20 each, and it is in deals to buy six Homewood Suites by Hilton, while negotiations are under way to buy four more properties.

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