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Chatham Lodging Acquires Embassy Suites in Greater Washington, D.C. Metro Area
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Embassy Suites in
“This is a superior-quality hotel that has been ranked the top hotel
within the Embassy Suites brand each of the last two years,” said
Opened in
“The hotel is ideally located less than two miles from
Chatham estimates it acquired the property at a year one net operating income capitalization rate of approximately 7½ percent. The hotel will be managed by Island Hospitality Management, which is 51 percent owned by Fisher.
About
This press release may contain “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
about
View source version on businesswire.com: http://www.businesswire.com/news/home/20171207005107/en/
Source:
Chatham Lodging Trust
Dennis Craven, 561-227-1386
Chief
Operating Officer