PALM BEACH, Fla., September 10, 2013—Officials with Island Hospitality, one of the nation’s largest hotel management companies, today announced that it has been engaged by Chatham Lodging Trust (NYSE:CLDT) to operate the 111-room Hampton Inn & Suites in Exeter, N.H. This engagement extends Island’s east coast penetration to 11 states and the District of Columbia and marks the 16thHilton-branded hotel in its growing portfolio. The hotel was acquired earlier this summer by Chatham Lodging Trust, a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded select-service hotels.
“Island has been steadily expanding its geographic footprint this year, adding new markets like Pittsburgh and now a new east coast state,” said Tim Walker, president of Island Hospitality. “This hotel is a well-considered, strategic addition to our portfolio as it has a similar operating environment to the very successful Hampton Inn in Portland Maine which joined our portfolio earlier this year. It also enhances our position as one of the most prominent operators of the leading select-service hotel brands.”
The Hampton Inn & Suites opened in August 2010 and is located in the seacoast area of southern New Hampshire. With convenient access to Interstate 95, the LEED-certified hotel is proximate to Phillips Exeter Academy and strong corporate clients such as Timberland, Bauer, Cobham, Sig Sauer and leisure destination Hampton Beach.
The non-smoking hotel offers numerous complimentary amenities, including WiFi throughout the hotel and a daily hot breakfast. Additionally, each room is equipped with the brand’s popular clean and fresh Hampton bed, as well as 37-inch flat screen televisions.
About Island Hospitality
Headquartered in Palm Beach, Fla., Island Hospitality Management, LLC, is a third-party, independent management company. It operates approximately 80 hotels under six different brands, primarily premium select-service hotels, upscale, extended-stay properties, and upscale hotels, in 22 states and the District of Columbia. Additional information is available on the company’s Web site, www.islandhospitality.com.
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