Chatham Lodging Trust Expands Portfolio with $92m Hilton-Branded Hotel Acquisition

Chatham Lodging Trust has acquired six Hilton-branded hotels for $92m, with an average age of 10 years. The hotels, comprising two Hampton Inn and Suites, two Home2 Suites, and two Homewood Suites by Hilton, are located in Illinois, Kentucky, and Missouri. The acquisition is expected to provide further growth in free cash flow and a healthy 11% capitalization rate using 2025 hotel net operating income. Chatham has also announced an 11% increase in its quarterly common dividend to $0.10 per share.