BREAKING NEWS

Nation’s Apartment Rents Sluggish

OHT Partners Breaks Ground

RNR Real Estate Briefs – Texas & more

Former Schlitterbahn Becoming Resort Community

RNR Real Estate Briefs – Texas & more

Midway and Parkway Form New Company

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Two Houston Hotels Part of $107 Million Purchase

by Realty News ReportNovember 18, 2014
Share0
Jeffrey H. Fisher, president of Chatham Lodging Trust.
Jeffrey H. Fisher, president of Chatham Lodging Trust.

PALM BEACH, Fla. – Chatham Lodging Trust a hotel real estate investment trust, has acquired four hotels, including two Marriott-related properties in Houston’s Inner Loop, for $107 million.

The four hotels, purchased for $186,000 per room, are:

•   179-room Hilton Garden Inn Burlington, Mass.

•   176-room Courtyard by Marriott Dallas in Addison, Texas.

•   120-room Residence Inn by Marriott West University, at 2939 Westpark, near Kirby Drive in Houston.

•   100-room Courtyard by Marriott West University, 2929 Westpark, near Kirby Drive in Houston.

The purchase was connected with Chatham’s previously announced acquisition of a 52-hotel, 6,976-room portfolio from Inland American, a $1.1 billion deal.

“These top-tier branded hotels expand our presence in some of the country’s best hotel markets and match our strategy of targeting specific high growth markets based on growing corporate demand tied to the technology, medical and oil and gas industries,” said Jeffrey H. Fisher, Chatham’s CEO and president. “Given our confidence in the health of the hotel industry, we will continue to be net buyers of high-quality hotels.”

The four of the Chatham hotels will be managed by Island Hospitality Management, a hotel management company that currently is 90 percent owned by Fisher. Chatham, based in Palm Beach, Fla., owns 130 hotels with 17,858 rooms.

Share0
previous post
Stream Partnership Buys 600 Jefferson Tower in Downtown Houston
next post
David Weekley Homes Enters Nashville Market

Related posts

Nation’s Apartment Rents Sluggish

Realty News ReportJune 4, 2023

OHT Partners Breaks Ground

Realty News ReportMay 27, 2023

RNR Real Estate Briefs – Texas & more

Realty News ReportMay 26, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact