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 and extended-stay 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 well below replacement costs, with attractive yields on investment and significant upside potential. We currently own 12 hotels with an aggregate of 3,516 rooms in six 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)--Jan. 23, 2012--
Chesapeake Lodging Trust (NYSE:CHSP) announced today the estimated
income tax classification of the Trust’s 2011 distributions on its
common shares (CUSIP #165240102). The income tax classification of the
2011 distributions as it is expected to be reported on Form 1099-DIV is
set forth in the following table1:
...
ANNAPOLIS, Md.--(BUSINESS WIRE)--Jan. 18, 2012--
Chesapeake Lodging Trust (NYSE:CHSP) will release its earnings for the
quarter ended December 31, 2011 after the market closes on Wednesday,
February 8, 2012 and will host a conference call later that afternoon at
5:30 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., Dec 22, 2011 (BUSINESS WIRE) --Chesapeake Lodging Trust (NYSE: CHSP) (the "Trust") announced today that
it has closed on the previously announced acquisition of the newly
developed, 122-room Holiday Inn New York City Midtown - 31st
Street located in New York, New York for a purchase price of $52.2
million, or approximately $428,000 per key. The Trust funded the
acquisition with a borrowing under its revolving credit facility. The
Tr...
ANNAPOLIS, Md.--(BUSINESS WIRE)--Dec. 15, 2011--
Chesapeake Lodging Trust (NYSE:CHSP) announced today that its board of
trustees has declared a dividend payment of $.20 per common share. The
dividend will be paid on January 13, 2012 to shareholders of record at
the close of business on December 31, 2011. The dividend represents a
5.3% annualized yield based on today’s closing price.
ABOUT CHESAPEAKE LODGING TRUST
Chesapeake Lod...
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