News Release
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Chatham Lodging Boosts Dividend 14 Percent, Continues to Reward Investors as EBITDA and FFO Grows
Declares
Chatham’s board has declared a monthly common share dividend of
“Our goal is to build Chatham into the premier, select-service hotel
REIT by accumulating a superior portfolio of investments financed with
the right balance of equity and debt that will appreciate in value and
generate an attractive and dependable dividend over time for our
investors,” said
“Having invested significant dollars renovating our hotels during the
early phase of the recovery, and with borrowing costs of approximately
4.5 percent, our hotels are generating strong cash flow, as well as
growth in EBITDA and FFO per share,” highlighted
About
This press release may contain “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
about
Source:
(Media)
Daly Gray Public Relations
Jerry Daly
703-435-6293
jerry@dalygray.com
or
(Company)
Chatham
Lodging Trust
Dennis Craven
Chief Financial Officer
561-227-1386
dcraven@cl-trust.com