Chatham Lodging Trust acquires San Diego hotel for $32 million

08/23/2010 | GlobeSt.com

Chatham Lodging Trust has acquired a high-end extended-stay hotel in San Diego for $32 million in cash. The hotel will be managed by Island Hospitality Management, but the current owner has required Chatham to not disclose any more information about the acquisition until the transaction is complete. It is the 13th acquisition by the trust since its initial public offering in April.

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