|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 6,288 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.
|06/12/19||Chesapeake Lodging Trust Declares Dividend for the Second Quarter|
|ARLINGTON, Va.--(BUSINESS WIRE)--Jun. 12, 2019--
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 15, 2019 to
shareholders of record at the close of business on June 28, 2019. The
dividend represents a 5.6% annualized yield based on the closing price
of the Trust’s common shares on June 11, 2019.
|06/05/19||Chesapeake Lodging Trust to Cancel 2019 Annual Meeting of Shareholders|
|ARLINGTON, Va.--(BUSINESS WIRE)--Jun. 5, 2019--
Chesapeake Lodging Trust (NYSE:CHSP) today announced that its board of
trustees has cancelled the Trust’s 2019 Annual Meeting of Shareholders
previously scheduled for June 19, 2019.
On May 6, 2019, the Trust announced that it entered into a definitive
merger agreement pursuant to which the Trust would merge with a
subsidiary of Park Hotels & Resorts Inc. (NYSE:PK). The merger is
subject t... |
|05/06/19||Chesapeake Lodging Trust Reports First Quarter Results|
|ARLINGTON, Va.--(BUSINESS WIRE)--May 6, 2019--
Chesapeake Lodging Trust (NYSE:CHSP)(the “Trust”), a lodging real estate
investment trust (REIT), today announced that it has entered into a
definitive merger agreement to be acquired by Park Hotels & Resorts Inc.
(NYSE:PK) (“Park”). The details of the proposed merger are contained
within a joint press release issued by the two companies today. The
Trust also reported today its financial results for the ... |
|05/06/19||Park Hotels & Resorts Announces $2.7 Billion Strategic Acquisition of Chesapeake Lodging Trust|
|Greatly enhanced portfolio quality, with comparable RevPAR
increasing nearly 4% to $182 and EBITDA margin increasing 60 basis
points to 29.7%
Provides immediate brand, operator and geographic diversification
Acquiring high-quality portfolio at attractive pricing
Pro forma leverage to remain comfortably within target range of
3-5x net debt to Adjusted EBITDA
ARLINGTON, Va.--(BU... |
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