ANNAPOLIS, Md., Aug 04, 2010 (BUSINESS WIRE) --Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment
trust (REIT), reported today its financial results for the quarter ended
June 30, 2010.
CONSOLIDATED FINANCIAL RESULTS
For the second quarter 2010, the Company reported total revenue of $11.8
million and net income of $1.4 million, or $.15 per diluted share. Funds
from operations (FFO) were $2.1 million, or $.23 per diluted share, and
...
ANNAPOLIS, Md., Aug 02, 2010 (BUSINESS WIRE) --Chesapeake Lodging Trust (NYSE:CHSP) announced today that it has entered
into a credit agreement to obtain a $115 million, two-year secured
revolving credit facility with a syndicate of banks. The facility is led
by Wells Fargo Bank, N.A., as administrative agent, and JPMorgan Chase
Bank, N.A., as syndication agent. The amount that the Company can borrow
under the revolving credit facility is based on the valu...
ANNAPOLIS, Md., Jul 21, 2010 (BUSINESS WIRE) --Chesapeake Lodging Trust (NYSE:CHSP) will release its earnings for the
quarter ended June 30, 2010 before the market opens on Wednesday, August
4, 2010, and will host a conference call that morning at 10:00 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.
Interested ind...
ANNAPOLIS, Md., Jul 06, 2010 (BUSINESS WIRE) --Chesapeake Lodging Trust (NYSE:CHSP) announced today that it has entered
into a definitive agreement to acquire the 430-room Boston Marriott
Newton located in Newton, Massachusetts for a purchase price of $77.25
million, or approximately $180,000 per key. The Company expects to close
this transaction within the next 30 days. The Company intends to enter
into an agreement with a third-party manager to operate t...
ANNAPOLIS, Md., Jun 01, 2010 (BUSINESS WIRE) --Chesapeake Lodging Trust (NYSE:CHSP) announced today that it has closed
on the previously announced acquisition of the 188-room Hilton Checkers
Los Angeles hotel located in Los Angeles, California for a purchase
price of $46 million, or approximately $245,000 per key. The acquisition
was funded with proceeds from the Company's initial public offering. The
Company entered into an agreement with Crestline Hotels...
ANNAPOLIS, Md., May 05, 2010 (BUSINESS WIRE) --Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment
trust (REIT), reported today its financial results for the quarter ended
March 31, 2010.
CONSOLIDATED FINANCIAL RESULTS
For the first quarter 2010, the Company reported total revenue of $2.4
million and net loss of $(1.3) million, or $(.14) per diluted share.
Funds from operations (FFO) were $(1.1) million, or $(.12) per diluted
share, ...
ANNAPOLIS, Md., Apr 29, 2010 (BUSINESS WIRE) --Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment
trust (REIT), announced today that it has entered into definitive
agreements to acquire the 188-room Hilton Checkers Los Angeles located
in Los Angeles, California and the 153-room Courtyard Anaheim at
Disneyland Resort located in Anaheim, California, for an aggregate
purchase price of $71 million, or approximately $208,000 per key. The
...
ANNAPOLIS, Md., Apr 26, 2010 (BUSINESS WIRE) --Chesapeake Lodging Trust (NYSE:CHSP) announced today that it has changed
the time of the Company's conference call to discuss first quarter 2010
financial results to 9:00 a.m. Eastern Time on Thursday, May 6, 2010
(previously scheduled at 11:00 a.m.). The Company will release its
earnings for the quarter ended March 31, 2010 after the market closes on
Wednesday, May 5, 2010. Participating on the call will be J...
ANNAPOLIS, Md., Apr 22, 2010 (BUSINESS WIRE) --Chesapeake Lodging Trust (NYSE:CHSP) will release its earnings for the
quarter ended March 31, 2010 after the market closes on Wednesday, May
5, 2010, and will host a conference call on Thursday, May 6, 2010, 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.
Inter...
FAIRFIELD, N.J., Jan 22, 2010 (BUSINESS WIRE) -- Chesapeake Lodging Trust (the "Company") today announced it has priced
its initial public offering of 7,500,000 common shares of beneficial
interest, $0.01 par value per share, at $20 per share.
The offering is expected to close on January 27, 2010. The underwriters
have a 30-day option to purchase up to an additional 1,125,000 shares to
cover overallotments, if any. All the shares are being offered by the
...
