Chatham Lodging Trust buys Hilton Garden Inn Tampa Ybor

BUYER: IHP Tampa (FL) Owner LLC (Chatham Lodging LP), Palm Beach
SELLER: IA Orchard Hotels Tampa LLC
PROPERTY: 1700 E. Ninth Ave., Tampa
PRICE: $14.88 million
PREVIOUS PRICE: $7.09 million, September 2003
LAW FIRM ON DEED: Latham & Watkins LLP, Chicago

PLANS, DESCRIPTION:
An affiliate of Palm Beach-based Chatham Lodging Trust purchased the 95-unit Hilton Garden Inn Tampa Ybor Historic District for $14.88 million.

The price equated to $156,673 per unit.