Chatham Lodging Trust

Chatham Lodging Trust was formed in 2009 to acquire upscale extended-stay hotels, including Residence Inn by Marriott, Homewood Suites by Hilton, and Summerfield Suites by Hyatt. To a lesser extent, the firm will also buy select-service and full-service hotels. The REIT seeks properties being sold at a discount, particularly hotels located in the largest US metropolitan markets. The REIT operates through its Chatham Lodging, L.P. subsidiary. Chatham went public in 2010 and within months used proceeds from the offering to build up a portfolio of more than 10 Homewood Suites and other properties.