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Northstar, Chatham Team Up On Deal to Buy $1.3B Innkeepers Portfolio

Cerberus Capital to Exit Joint Venture Which Contains 51 Hotels Totaling 6,848 Rooms

NorthStar Realty Finance Corp. agreed to buy a majority stake in 47 hotels as part of in a $958.5 million deal with Chatham Lodging Trust (NYSE: CLDT) and New York City-based private equity firm Cerberus Capital Management LP.

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News | Northstar, Chatham Team Up On Deal to Buy $1.3B Innkeepers Portfolio