Chatham Lodging Trust Announces Sale of Hotel in Billerica, Massachusetts for $17.4 Million

Chatham Lodging Trust has sold the Homewood Suites by Hilton Billerica, MA for $17.4 million, marking its sixth hotel sale since December 2024, generating proceeds of approximately $100 million. The sale represents a capitalization rate of approximately 4 percent and includes near-term capital expenditures. The hotel was projected to have the third-lowest RevPAR in the portfolio and earn approximately $1 million of net operating income in 2025.