Chatham Lodging Trust (NYSE:CLDT) acquired Home2 Suites by Hilton Phoenix Downtown for $43.4 million on May 30, 2024. The acquisition consists of 148 rooms valued at approximately $0.293 million per room. The transaction was funded using proceeds from the sale of the Denver Tech hotel in the first quarter and available cash. Carter Gradwell, Jennifer Bergamo and Rick Rush of CBRE represented the seller in the deal.

Chatham Lodging Trust (NYSE:CLDT) completed the acquisition of Home2 Suites by Hilton Phoenix Downtown on May 30, 2024.