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Chatham Lodging Trust Finds Public Waters Quite Refreshing

06/28/2010 | By REIT.com

During REITWeek 2010, Chairman and CEO Jeffrey Fisher discussed the response his company, Chatham Lodging Trust (NYSE: CLDT), has found in the public market.

Fisher said the company's share price has managed to hold steady despite market disruptions.

Chatham has already made 10 acquisitions since going public, and Fisher said he expects more deals going forward.

"The deal market has been better than expected. We do have capital available to invest even beyond the deals we have made," Fisher said. "So we have some running room ahead."

Fisher said he looks at RevPAR as a key metric in the lodging sector, and he said that figure has risen for the first time in quite a while, according to recent Smith Travel data.