Stock Wars: Chatham Lodging Trust Vs. Sunstone Hotel Investors
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two real estate investment trusts (REITs) focused on the lodging sector: Chatham Lodging Trust (NYSE: CLDT ) and Sunstone Hotel Investors Inc (NYSE: SHO ). The Case For Chatham Lodging Trust: This REIT was organized in October 2009 by Jeffrey H. Fisher , who founded the lodging REIT Innkeepers USA Trust in 1994 and ran it through 2007, when he sold it for $1.5 billion. Prior to that, he was president and CEO of JF Hotel Management, Inc. Chatham Lodging Trust, which went public in April 2010, currently owns 43 hotels totaling 6,451 rooms|suites in 16 states and the District of Columbia. Among its recent corporate developments were last month’s sale of four hotels (three in Texas and one in Massachusetts) for approximately $80 million, and the first quarter opening of the 170-suite Home2 Suites by Hilton Woodland Hills Warner Center in Los Angeles and the off-market acquisition of the beachside 111-room Hilton Garden Inn Destin Miramar Beach in Florida for $31 million.
Stock Wars: Chatham Lodging Trust Vs. Sunstone Hotel Investors
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two real estate investment trusts (REITs) focused on the lodging sector: Chatham Lodging Trust (NYSE: CLDT ) and Sunstone Hotel Investors Inc (NYSE: SHO ). The Case For Chatham Lodging Trust: This REIT was organized in October 2009 by Jeffrey H. Fisher , who founded the lodging REIT Innkeepers USA Trust in 1994 and ran it through 2007, when he sold it for $1.5 billion. Prior to that, he was president and CEO of JF Hotel Management, Inc. Chatham Lodging Trust, which went public in April 2010, currently owns 43 hotels totaling 6,451 rooms|suites in 16 states and the District of Columbia. Among its recent corporate developments were last month’s sale of four hotels (three in Texas and one in Massachusetts) for approximately $80 million, and the first quarter opening of the 170-suite Home2 Suites by Hilton Woodland Hills Warner Center in Los Angeles and the off-market acquisition of the beachside 111-room Hilton Garden Inn Destin Miramar Beach in Florida for $31 million.