Chatham Lodging Trust has paid $31 million, or $279,279/room, for the 111-room Hilton Garden Inn Destin in Miramar Beach, Fla. The West Palm Beach, Fla., REIT said its purchase of the hotel, which opened in 2020, would provide it an estimated yield on net operating income of 8 percent to 8.5 percent, upon stabilization. The […]

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