SUMMERVILLE, SC—Chatham Lodging Trust of West Palm Beach, FL has increased its hotel holdings in South Carolina with the $20.8-million acquisition of the Residence Inn by Marriott Charleston Summerville.
The deal for the 96-room hotel calculated out to approximately $217,000 per room and increases Chatham's presence in this suburb of Charleston. Chatham Lodging also owns the Courtyard by Marriott Charleston Summerville.
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