CHATHAM LODGING TRUST TO ACQUIRE $32 MILLION HOTEL IN SO. CALIFORNIA

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SAN DIEGO — Chatham Lodging Trust has signed a $32 million contract to acquire an upscale, extended-stay hotel in north San Diego in an all-cash transaction. Upon completion of the acquisition, the hotel REIT’s 13th property purchased or under contract in the past 4 months, the property will be managed by Island Hospitality Management.

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