Chatham Lodging to Acquire Upscale Extended-Stay Hotel in Pittsburgh for $24.9M

Chatham Lodging Trust CLDT today announced that it has signed a contract to acquire an upscale extended-stay hotel in Pittsburgh, Pa. for $24.9 million. The acquisition will be funded in part through the assumption of an existing $7.3 million mortgage loan. The hotel will be the 14th property acquired by Chatham since its initial public offering.