|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 18 hotels with an aggregate of 5,414 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.
|05/31/13||Chesapeake Lodging Trust Acquires Hyatt Fisherman’s Wharf|
|ANNAPOLIS, Md.--(BUSINESS WIRE)--May. 31, 2013--
Chesapeake Lodging Trust (NYSE: CHSP) (the "Trust") announced today that
it has purchased the fee simple interest in the 313-room Hyatt
Fisherman’s Wharf from an affiliate of Hyatt Hotels Corporation
(NYSE: H) for $103.5 million, or approximately $331,000 per key. The
Trust entered into an agreement with Evolution Hospitality to manage the
hotel under a franchise agreement with a Hyatt affiliate.
|05/21/13||Chesapeake Lodging Trust Declares Dividends for the Second Quarter|
|ANNAPOLIS, Md.--(BUSINESS WIRE)--May. 21, 2013--
Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today that
its board of trustees has declared a quarterly dividend payment of $.24
per common share. The dividend will be paid on July 15, 2013 to
shareholders of record at the close of business on June 28, 2013. The
dividend represents a 4.0% annualized yield based on the closing price
of the Trust’s common shares on May 21, 2013.
|05/07/13||Chesapeake Lodging Trust Reports First Quarter Results|
|ANNAPOLIS, Md.--(BUSINESS WIRE)--May. 7, 2013--
Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment
trust (REIT), reported today its financial results for the quarter ended
March 31, 2013.
Pro Forma RevPAR – 2.4% increase
for comparable 15-hotel portfolio over the same period in 2012
(excluding the estimated negative impact of certain events discussed
below, pro forma RevPAR incr... |
|05/06/13||Chesapeake Lodging Trust Completes $60.0 Million Mortgage Financing on Boston Marriott Newton|
|ANNAPOLIS, Md.--(BUSINESS WIRE)--May. 6, 2013--
Chesapeake Lodging Trust (NYSE: CHSP) announced today that it has closed
on a $60.0 million fixed-rate mortgage loan. The loan is secured by the
430-room Boston Marriott Newton. The seven-year loan was provided by PNC
Bank, N.A. and carries a fixed interest rate of 3.63% per annum, with
principal and interest payments based on a 25-year principal
amortization. Proceeds from the loan will be used to invest i... |
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