{"id":861238,"date":"2023-02-08T06:04:03","date_gmt":"2023-02-08T05:04:03","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/chatham-lodging-trust-pays-off-mortgages-with-proceeds-from-term-loan\/"},"modified":"2023-02-08T06:04:03","modified_gmt":"2023-02-08T05:04:03","slug":"chatham-lodging-trust-pays-off-mortgages-with-proceeds-from-term-loan","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/chatham-lodging-trust-pays-off-mortgages-with-proceeds-from-term-loan\/","title":{"rendered":"Chatham Lodging Trust Pays off Mortgages with Proceeds from Term Loan"},"content":{"rendered":"WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded, select-service hotels, today announced that it has repaid in full three mortgages with outstanding principal of $73.3 million and a weighted average interest rate of 8.0 percent with proceeds from its newly issued term loan which currently carries an interest rate of 6.1 percent.\n\n\n\nLoans repaid were the following (amounts in 000\u2019s):\n\n\nProperty\n\n\u00a0\n\nInt. Rate\n\n\u00a0\n\nBalance\n\n\nHome2 Suites Woodland Hills\n\n\u00a0\n\n11.0%\n\n\u00a0\n\n$39,331\n\n\nResidence Inn Tysons Corner\n\n\u00a0\n\n4.49%\n\n\u00a0\n\n$19,634\n\n\nHomewood Suites San Antonio\n\n\u00a0\n\n4.59%\n\n\u00a0\n\n$14,368\n\n\nTotal\n\n\u00a0\n\n\u00a0\n\n<div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, Fla.&#8211;(BUSINESS WIRE)&#8211;Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded, select-service hotels, today announced that it has repaid in full three mortgages with outstanding principal of $73.3 million and a weighted average interest rate of 8.0 percent with proceeds [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-861238","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - 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