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Courtyard by Marriott Chatham acquired the 167-room Courtyard by Marriott in downtown for $49 million.

DALLAS—Chatham Lodging Trust, a hotel REIT focused on investing in upscale, extended-stay hotels and premium-branded select-service hotels, saw the potential for downtown Dallas, although the area is somewhat of a late bloomer, the firm acknowledges. Chatham acquired the 167-room Courtyard by Marriott in downtown for $49 million or approximately $293,000 per room earlier this month. The hotel opened in September 2018.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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