Welcome to Dividend Income Investor
December 5, 2016
We are buying a SMALL position in CLDT…..there are also several additional positions that are being evaluated for purchase this week.
Chatham Lodging Trust (CLDT) buys and then rents out upscale extended-stay hotels that cater to business travelers.
Their primary location is in the suburbs and near airports on the West Coast (think Silicon Valley). They don’t build the hotels but instead buy mis-managed buildings at bargain prices and then renovates.
We think CLDT will do well in a rising rate environment and suggest you buy a small position. We also like the fact that the CEO is buying truck-loads of the stock for his personal account. CLDT pays a nice 6.7%.
CLICK HERE for Dividend Income Investor Core Portfolio showing current holdings. We have been selling interest rate sensitive positions and buying investments that may do well in a rising rate environment.