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Chatham Lodging Pays $43.5 Million for Hilton Hotel in Downtown Portsmouth

Cathartes Investments Sells Hotel in Historic Downtown Portsmouth, N.H.
By Jessica Woods
September 25, 2017 | 7:37 P.M.

Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust that targets upscale select-service hotels, acquired the 131-room Hilton Garden Inn Portsmouth Downtown at 100 High St. in Portsmouth, NH from Cathartes Investments for $43.5 million, or approximately $332,000 per room.

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