1、2010 a nnual repo rtChatham Lo dgi ng Tr ust 2010 Annual Re po r tHo t el Lo cat io ns_MSA/State(%of Total Acquisitions Cost)New York(27%):Residence Inn HoltsvilleResidence Inn White Plains Residence Inn New Rochelle Boston(5%):Homewood Suites BillericaHartford(5%):Homewood Suites FarmingtonMinnesot
2、a(8%):Homewood Suites BloomingtonPennsylvania(20%):Courtyard AltoonaSpringhill Suites WashingtonResidence Inn Pittsburgh University Medical CenterNashville(5%):Homewood Suites BrentwoodOrlando(4%):Homewood Suites MaitlandHouston(7%):Hampton Inn&Suites Houston Medical CenterDallas(5%):Homewood Suites
3、 DallasSan Diego(14%):Homewood Suites Carlsbad2010 Chairmans LetterIt has been an eventful first year since our Initial Public Offering(IPO)on April 21,2010.By the end ofthe year,we had fully invested the proceeds from our IPO,acquired 13 premium-branded select-service hotels,initiated a meaningful
4、regular dividend and completed an$85 million credit facility,further increasing thestrength and flexibility of our balance sheet.Our vision is to build the leading lodging real estate investment trust(REIT)focused on premium-branded,select-service hotels in high growth markets with barriers to entry
5、 concentrated primarily in the 25largest MSAs.We have established a solid foundation to achieve that vision.We believe the opportunities toacquire our target hotels are very attractive based on the belief that we are in the early stages of a lodgingrecovery.In the public markets we are one of only t
6、hree public lodging REITs focused on select-service hotels,including the premium-branded extended-stay segment.Our extensive industry relationships have allowed usto source the majority of our acquisitions off-market.This has enabled us to acquire 13 top-quality assets,comprising 1,650 rooms,for app