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Chatham Lodging Trust (NYSE:CLDT): Closing price $16.11

Chatham has purchased the three-year-old Courtyard by Marriott (NYSE:MAR) Houston Medical Center hotel in Houston for $34.75 million. The firm funded the acquisition under its secured revolving credit facility. The eight-story, 197-room hotel, containing six suites, is adjacent to the Texas Medical Center. Shares closed up 0.25 percent on the day at $16.11 and have been traded in a 52-week range of $11.51 to $16.09.

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