US: Chatham Lodging Trust, a hospitality real estate investment trust (REIT) that invests in upscale extended-stay hotels, has announced that chief investment officer Peter Willis is stepping down from the company.
“Peter was the first executive I hired at Chatham and has played an instrumental role in the company’s growth since our initial public offering almost a decade ago when we started the company with no hotels,” said Jeffrey H. Fisher, Chatham’s president and chief executive officer. “Over those ten years, working together, we have assembled a premier portfolio of 40 high-quality hotels in great locations around the country. We would like to thank Peter for his meaningful contributions and wish him nothing but the best.”
Willis’ responsibilities will be assumed by Jeffrey Fisher and Dennis Craven, Chatham’s chief operating officer.
“It’s been a great ride with Chatham over the last ten years, and I am very proud of our accomplishments since our IPO in 2010,” said Willis. “I appreciate the opportunity to have worked with Jeff and the team at Chatham and know they are well positioned for continued success.”
Chatham Lodging Trust owns 134 hotels wholly or through joint ventures. It is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels.</p
