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 20 hotels with an aggregate of 5,932 rooms in eight 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.
ANNAPOLIS, Md.--(BUSINESS WIRE)--Jul. 16, 2014--
Chesapeake Lodging Trust (NYSE:CHSP) will release its earnings for the
quarter ended June 30, 2014 after the market closes on Monday, August 4,
2014 and will host a conference call later that afternoon at 5:00 p.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.
ANNAPOLIS, Md.--(BUSINESS WIRE)--Jul. 3, 2014--
Chesapeake Lodging Trust (NYSE: CHSP) announced today that it has
successfully refinanced its $60.0 million term loan secured by the
122-room Holiday Inn New York City Midtown – 31st Street and
the 185-room Hyatt Place New York Midtown South, which matured on
July 3, 2014. The term loan was refinanced with a new 10-year, $90.0
million fixed-rate mortgage loan secured by the two hotels mentioned
ANNAPOLIS, Md.--(BUSINESS WIRE)--May 16, 2014--
Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today that
its board of trustees has declared a quarterly dividend payment of $0.30
per common share. The dividend will be paid on July 15, 2014 to
shareholders of record at the close of business on June 30, 2014. The
dividend represents a 4.3% annualized yield based on the closing price
of the Trust’s common shares on May 15, 2014.
ANNAPOLIS, Md.--(BUSINESS WIRE)--Apr. 30, 2014--
Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment
trust (REIT), reported today its financial results for the quarter ended
March 31, 2014.
RevPAR: 12.0% pro forma
increase for the 17-hotel portfolio and 7.1% pro forma increase for
the 20-hotel portfolio over the same period in 2013.
Adjusted Hotel EBITDA Margin:
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