This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
Chatham postpones public shares offering
November 18 2010

Chatham Lodging Trust temporarily calls off its previously announced shares offering.

Highlights
  • Chatham cites "unfavorable market conditions" as the reason for delaying the offering.
  • The company had planned a public offering of 7 million common shares.
  • Chatham is a real estate investment trust focused on upscale extended-stay hotels and premium branded select-service hotels.

PALM BEACH, Fla., Nov. 17, 2010 /PRNewswire via COMTEX/ -- Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium branded select-service hotels, today announced that as a result of unfavorable market conditions, the company has postponed its previously announced public offering of 7,000,000 common shares.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised real estate investment trust that was organized to invest in upscale extended-stay hotels and premium-branded select-service hotels. The company currently owns 13 hotels with an aggregate of 1,650 rooms/suites in nine states.

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 about Chatham Lodging Trust, including those statements regarding acquisitions, capital expenditures, future operating results and the timing and composition of revenues, among others, and statements containing words such as "expects," "believes" or "will," which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results or performance to differ materially from those discussed in such statements. Additional risks are discussed in the company's filings with the Securities and Exchange Commission.

COMMENTS   Show All
Login or enter a name   Post Your Comment  Check to follow this thread via email alerts (must be logged in)
(4000 characters max)

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.

TRENDING
13 hotelier takeaways for year 2020
Hoteliers embrace the Age of Authenticity
How to create a better comp set
How to use your revenue management toolkit
Hoteliers, associations slam NLRB decision
Tracking Baha Mar’s development trek
VIDEO
The hotel industry’s most overused clichés
Apple stays true to its core post IPO
MCR pursuing smart hotel development
Deconstructing a guest review
With every great opportunity? A challenge
LATEST NEWS
Active US hotel lenders
The state of Peru’s tourism, hotels
Booking trends: Don’t ignore impact of GDSes
STR: US results for week ending 29 August
Science behind the latest hospitality trends
Don’t understand the NLRB ruling? I’ll help
Contact Us
Hotel News Now
18500 Lake Rd.
Suite 310
Rocky River, Ohio 44116
        
Copyright © 2004 - 2015 Hotel News Now, a division of STR, Inc. All Rights Reserved.   Privacy