PALM BEACH, FL—Hotel REIT Chatham Lodging Trust provided an update to analysts during a conference call on Tuesday on its previously announced $1.3 billion worth of acquisitions of late.

Chatham updated guidance with respect to the sale of its Innkeepers joint venture with Cerberus Capital Management LP and as well as on its acquisition of four wholly owned Silicon Valley Residence Inn by Marriott hotels. The firm also issued guidance on the formation of a new joint venture with NorthStar Realty Finance that acquired the remaining 47-hotel, 6,094-room Innkeepers joint venture portfolio. The combined total purchase price for the transactions was $1.3 billion, before capital expenditure reserves credited to the buyers of $39.7 million, Chatham Lodging reports.

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