Home2 Suites By Hilton Woodland Hills — Photo by Hilton

Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced the opening of the 170-suite Home2 Suites by Hilton Woodland Hills Los Angeles that is positioned in the heart of Warner Center. The opening adds another high-quality, extended-stay hotel to the Chatham portfolio, the third such hotel in the last six months with total investments aggregating approximately $140 million.

Within Woodland Hills, Warner Center is located within the highly desirable San Fernando Valley submarket of Los Angeles. The San Fernando Valley encompasses some of the most coveted and affluent communities in southern California. Warner Center currently generates significant stand-alone demand with 10 million square feet (SF) of office space with approximately 50,000 employees, almost 8 million SF of retail space and is home to more than 20,000 local residents. The city of Los Angeles introduced the Warner Center 2035 Plan, a development blueprint that emphasizes mixed-use and transit-oriented development, walkability and sustainability with a goal of further urbanizing the zoning district. The Warner Center 2035 Plan facilitates the creation of a Regional Center where people can live, work and play. The plan encompasses approximately 1,100 acres and allows for a net increase of 12.5 million SF of office, 2.3 million SF of retail and 23.5 million SF of new residential apartments (across 20,000 units).

The hotel will be managed by Island Hospitality Management, which is owned by Fisher.

Hotel website