|We are a self-advised real estate investment trust (“REIT”) that was organized in June 2009. We are focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the U.S. We believe current industry dynamics have and will continue to create attractive opportunities to acquire high-quality hotels, at prices below replacement costs, with attractive yields on investment and upside potential. We currently own 22 hotels with an aggregate of 6,694 rooms in nine states and the District of Columbia.
Our senior executive officers have extensive experience in the lodging industry, including the acquisition, development, financing, repositioning, asset management and disposition of hotels. They have established and maintained a broad network of hotel industry contacts, including long-standing relationships with hotel owners, independent hotel managers, global hotel brands, hotel brokers, financiers and institutional investors that we believe will provide us with attractive acquisition opportunities.
|08/02/17||Chesapeake Lodging Trust Reports Second Quarter Results|
|ARLINGTON, Va.--(BUSINESS WIRE)--Aug. 2, 2017--
Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment
trust (REIT), reported today its financial results for the quarter ended
June 30, 2017.
RevPAR: 3.7% decrease for
the 22-hotel portfolio and 0.2% increase for the 15-hotel portfolio
over the same period in 2016.
Adjusted Hotel EBITDA Margin:
180 basis point... |
|06/28/17||Chesapeake Lodging Trust to Release Earnings for Quarter Ended June 30, 2017|
|ARLINGTON, Va.--(BUSINESS WIRE)--Jun. 28, 2017--
Chesapeake Lodging Trust (NYSE:CHSP) will release its earnings for the
quarter ended June 30, 2017 before the market opens on Wednesday, August
2, 2017 and will host a conference call later that morning at 11:00 a.m.
Eastern Time. Participating on the call will be James L. Francis,
President and Chief Executive Officer, and Douglas W. Vicari, Executive
Vice President and Chief Financial Officer.
|05/22/17||Chesapeake Lodging Trust Announces Redemption of 7.75% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest|
|ARLINGTON, Va.--(BUSINESS WIRE)--May 22, 2017--
Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”), today notified
holders of record (the “Notice of Redemption”) of the Trust’s 7.75%
Series A Cumulative Redeemable Preferred Shares of Beneficial Interest
(the “Series A Preferred Shares”) of the redemption of all of the issued
and outstanding Series A Preferred Shares. The cash redemption amount
(the “Redemption Amount”) for each Series A Preferred Share i... |
|05/17/17||Chesapeake Lodging Trust Declares Dividends for the Second Quarter|
|ARLINGTON, Va.--(BUSINESS WIRE)--May 17, 2017--
Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today that
its board of trustees has declared a quarterly dividend payment of $0.40
per common share. The dividend will be paid on July 14, 2017 to
shareholders of record at the close of business on June 30, 2017. The
dividend represents a 7.0% annualized yield based on the closing price
of the Trust’s common shares on May 16, 2017.
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