Real estate investment organisation Chatham Lodging Trust has completed its acquisition of the Residence Inn by Marriott in New York, US.
It is the final hotel of a four-property portfolio worth $61m.
Chatham has now acquired 11 hotels and has two hotels under contract since its 21 April 2010 IPO.
The 133-suite Residence Inn White Plains, Westchester County features a business centre, restaurant and a fitness centre.
The hotel will be managed by Island Hospitality Management.