CHATHAM ACQUIRES RESIDENCE INN FOR $21 MILLION IN N.Y.

NEW ROCHELLE, N.Y. — Chatham Lodging Trust has closed on the $21 million acquisition of the Residence Inn by Marriott in New Rochelle. The 10-story, 124-suite hotel is located at 35 LeCount Place. It features a fitness center, a swimming pool and structured parking. Island Hospitality Management, an affiliate of Lodging, will manage the hotel.