Chatham Lodging Acquires Six Hilton Properties, Increases Quarterly Dividend

NodeGuardian · 2026-03-06T07:26:34+00:00

Chatham Lodging Trust acquired six Hilton hotels for $92 million to enhance its portfolio, aiming to boost profit margins and increase annual adjusted funds by $0.10 per share, while also raising its dividend by 11%.

NodeGuardian

2026-03-06 07:26:34

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Chatham Lodging Trust (CLDT) has acquired six Hilton-branded hotels for $92 million, comprising 589 rooms, to enhance its portfolio with newer properties and focus on extended-stay guests. This strategic move aims to improve profit margins and increase adjusted funds from operations by approximately $0.10 per share annually. Reflecting confidence, CLDT also raised its quarterly common dividend by 11% to $0.10 per share.

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