Chatham Lodging News
Chatham Lodging Acquires SpringHill Suites in Savannah, Georgia’s Downtown Waterfront Historic Districtnoodls Dec 5
Chatham Lodging Acquires SpringHill Suites in Savannah, Georgia's Downtown Waterfront Historic District SAVANNAH, Ga. & PALM BEACH, Fla.--(BUSINESS WIRE)--Dec. 5, 2013-- Chatham Lodging Trust (NYSE: CLDT), ...
On Nov 26, 2013, we reiterated our long-term Neutral recommendation on healthcare real estate investment trust (REIT), HCP Inc.
Looking back to 61 days ago, Chatham Lodging Trust priced a 3,250,000 share secondary stock offering at $18.35 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Monday, the stock is now 10.4% above the offering price.
On Nov 21, 2013, we reaffirmed our Neutral recommendation on healthcare real estate investment trust (REIT), Ventas Inc.
SL Green Realty Corp. disclosed that the company and its partner Jeff Sutton penned a deal to buy out the lease of Juicy Couture at 650 Fifth Avenue.
San Francisco-based Terreno Realty announced the acquisition of an industrial property in Jessup, Md. The company shelled out about $6.0 million for the purchase.
Associated Estates Realty Corporation was a big mover last session, as the company saw its shares rise over 10% on the day.
Prologis Inc. disclosed the penning of three new lease deals spanning 753,000 square feet in its development and acquisition portfolios in the UK, France and Slovakia.
CHATHAM LODGING TRUST Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-BalNov 14
BlueMountain Responds to Chatham's Rejection of BlueMountain's Offer to Purchase All of the Outstanding Equity of ChathamPR Newswire Nov 14
NEW YORK, Nov. 14, 2013 /PRNewswire/ -- BlueMountain Capital Management, LLC ("BlueMountain"), which manages through affiliated funds, approximately 4.8% of the common stock of Chatham Lodging Trust (CLDT) ("Chatham" or the "Company"), today issued the following statement: "BlueMountain is disappointed by Chatham's rejection of its offer of November 4, 2013, and the other actions announced yesterday by Chatham's Board of Trustees. BlueMountain remains committed to the belief that a sale transaction or business combination is in the best interests of the Company, its shareholders, employees and customers and is considering its options in response to the rejection of its offer." BlueMountain is a registered investment adviser responsible for the management of more than $16.7 billion and employs a multi-strategy approach to the equity and credit markets, including a focus on value investing based on rigorous fundamental research.
Chatham Board Of Trustees Unanimously Rejects BlueMountain's Unsolicited And Highly Conditional Proposalnoodls Nov 13
PALM BEACH, Fla., Nov. 13, 2013 /PRNewswire/ -- Chatham Lodging Trust (NYSE: CLDT) ("Chatham" or the "Company"), a hotel real estate investment trust (REIT) focused on investing in ...
CHATHAM LODGING TRUST Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Other EvenNov 13
Shares of Chatham Lodging were falling Wednesday after the Florida-based REIT rejected an unsolicited $565 million offer from BlueMountain Capital.