Chatham Lodging Trust Home2 Suites By Hilton Phoenix Downtown For $43.3M; Acquisition Expected To Produce RevPAR Over $150
Portfolio Pulse from Benzinga Newsdesk
Chatham Lodging Trust has acquired the Home2 Suites by Hilton in Phoenix Downtown for $43.3 million. The acquisition is expected to produce a Revenue Per Available Room (RevPAR) of over $150.
May 31, 2024 | 1:05 pm
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Chatham Lodging Trust has acquired the Home2 Suites by Hilton in Phoenix Downtown for $43.3 million. The acquisition is expected to produce a Revenue Per Available Room (RevPAR) of over $150.
The acquisition of Home2 Suites by Hilton in Phoenix Downtown for $43.3 million is a significant investment for Chatham Lodging Trust. The expected RevPAR of over $150 indicates a strong revenue potential, which is likely to positively impact the company's financial performance in the short term.
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IMPORTANCE 80
RELEVANCE 100