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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. HIGHLIGHTS 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...

04/25/13

Chesapeake Lodging Trust Acquires W New Orleans

ANNAPOLIS, Md.--(BUSINESS WIRE)--Apr. 25, 2013-- Chesapeake Lodging Trust (NYSE: CHSP) (the "Trust") announced today that it has purchased the 410-room W New Orleans from Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) for $65.0 million. The Trust will renovate the property and continue to work with Starwood on a long-term basis. “We are very excited to expand our Starwood relationship with the purchase of our fourth W property an...

04/18/13

Chesapeake Lodging Trust to Release Earnings for Quarter Ended March 31, 2013

ANNAPOLIS, Md.--(BUSINESS WIRE)--Apr. 18, 2013-- Chesapeake Lodging Trust (NYSE:CHSP) will release its earnings for the quarter ended March 31, 2013 after the market closes on Tuesday, May 7, 2013 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. ...

04/01/13

Chesapeake Lodging Trust Acquires W New Orleans – French Quarter

ANNAPOLIS, Md.--(BUSINESS WIRE)--Apr. 1, 2013-- Chesapeake Lodging Trust (NYSE: CHSP) (the "Trust") announced today that it has purchased the W New Orleans – French Quarter from Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) for $25.5 million. The Trust has entered into a long-term management contract with Starwood to continue to operate the Hotel. “We are very excited to expand our Starwood relationship with our third W h...

03/14/13

Chesapeake Lodging Trust Acquires Hyatt Place New York Midtown South

ANNAPOLIS, Md.--(BUSINESS WIRE)--Mar. 14, 2013-- Chesapeake Lodging Trust (NYSE: CHSP) (the "Trust") announced today that it has closed on the previously announced acquisition of the newly developed, 185-room Hyatt Place New York Midtown South located in New York, New York for a purchase price of $76.2 million, or approximately $412,000 per key. The Trust entered into an agreement with Real Hospitality Group, the operator of the Trust’s other ...

02/22/13

Chesapeake Lodging Trust Board Sets Date of 2013 Annual Meeting of Shareholders

ANNAPOLIS, Md.--(BUSINESS WIRE)--Feb. 22, 2013-- Chesapeake Lodging Trust (NYSE: CHSP) (the “Trust”) announced today that its board of trustees has determined that the 2013 annual meeting of shareholders will be held on Tuesday, May 21, 2013 at 10:00 a.m. ET. Shareholders of record on March 22, 2013 will be notified of the meeting and will be eligible to vote. Further information about the annual meeting and the items then to be considered by the Tru...

02/21/13

Chesapeake Lodging Trust Declares Dividends for the First Quarter; Increases Quarterly Common Share Dividend by 9%

ANNAPOLIS, Md.--(BUSINESS WIRE)--Feb. 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 April 15, 2013 to shareholders of record at the close of business on March 29, 2013. The dividend represents a 4.3% annualized yield based on the closing price of the Trust’s common shares on February 20, 2013. ...

02/21/13

Chesapeake Lodging Trust Reports Fourth Quarter Results and Increases Quarterly Dividend by 9%

ANNAPOLIS, Md.--(BUSINESS WIRE)--Feb. 21, 2013-- Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment trust (REIT), reported today its financial results for the quarter ended December 31, 2012. HIGHLIGHTS Pro Forma RevPAR – 5.5% increase for comparable 10-hotel portfolio over the same period in 2011. Excluding the impact of certain non-recurring events that occurred during the quarter, p...

02/21/13

Chesapeake Lodging Trust Announces Hotel Adagio San Francisco to Join Autograph Collection, Part of the Marriott International, Inc. Global Portfolio

ANNAPOLIS, Md.--(BUSINESS WIRE)--Feb. 21, 2013-- Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today that it has entered into an agreement with Marriott International, Inc. (NYSE:MAR) with plans for its iconic Hotel Adagio San Francisco to join Autograph Collection, Marriott International’s global collection of independent hotels. Following the Trust’s multi-million dollar renovation at the Hotel Adagio San Francisco, wh...

02/19/13

Chesapeake Lodging Trust Completes $32.0 Million Mortgage Financing on Hilton Checkers Los Angeles

ANNAPOLIS, Md.--(BUSINESS WIRE)--Feb. 19, 2013-- Chesapeake Lodging Trust (NYSE: CHSP) announced today that it has closed on a $32.0 million fixed-rate mortgage loan. The loan is secured by the 188-room Hilton Checkers Los Angeles. The 10-year loan was provided by Goldman Sachs Mortgage Company and carries a fixed interest rate of 4.11% per annum, with principal and interest based on a 30-year amortization. Proceeds from the loan will be used to inve...

02/06/13

Chesapeake Lodging Trust Completes Public Offering of Common Shares

ANNAPOLIS, Md.--(BUSINESS WIRE)--Feb. 6, 2013-- Chesapeake Lodging Trust (NYSE: CHSP) (the “Trust”) announced today that it has completed its public offering of 8,337,500 common shares, including 1,087,500 shares sold pursuant to the full exercise by the underwriters of their option to purchase additional shares. Through the offering, the Trust raised approximately $165.8 million of net proceeds, after deducting the underwriting discount and other es...

02/01/13

Chesapeake Lodging Trust Upsizes and Prices Public Offering of Common Shares

ANNAPOLIS, Md.--(BUSINESS WIRE)--Feb. 1, 2013-- Chesapeake Lodging Trust (NYSE: CHSP) (the “Trust”) announced it has priced its public offering of 7,250,000 common shares at a public offering price of $20.75 per share, for a total of approximately $144.2 million of net proceeds, after deducting the underwriting discount and other estimated offering costs. The size of the offering represents an increase over the 6,250,000 shares that the Trust had pre...

01/31/13

Chesapeake Lodging Trust Announces Proposed Public Offering of 6,250,000 Common Shares

ANNAPOLIS, Md.--(BUSINESS WIRE)--Jan. 31, 2013-- Chesapeake Lodging Trust (NYSE: CHSP) (the “Trust”) announced today that it is commencing an underwritten public offering of 6,250,000 common shares. J.P. Morgan, Deutsche Bank Securities, Wells Fargo Securities and RBC Capital Markets will act as book-running managers for the offering. The Trust expects to grant the underwriters a 30-day option to purchase up to an additional 937,500 common shares. ...

01/31/13

Chesapeake Lodging Trust Reports Preliminary Fourth Quarter Results

ANNAPOLIS, Md.--(BUSINESS WIRE)--Jan. 31, 2013-- Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment trust (REIT), reported today its preliminary financial results for the quarter and year ended December 31, 2012. The following preliminary results are subject to adjustments that may result from the completion of the Trust’s annual audit process (unaudited): ...

01/24/13

Chesapeake Lodging Trust Announces 2012 Dividend Income Tax Treatment

ANNAPOLIS, Md.--(BUSINESS WIRE)--Jan. 24, 2013-- Chesapeake Lodging Trust (NYSE:CHSP) announced today the estimated income tax classification of the Trust’s 2012 distributions on its common shares (CUSIP #165240102) and preferred shares (CUSIP #165240201). The income tax classification of the 2012 distributions as it is expected to be reported on Form 1099-DIV is set forth in the following tables: ...

01/23/13

Chesapeake Lodging Trust to Release Earnings for Quarter Ended December 31, 2012

ANNAPOLIS, Md.--(BUSINESS WIRE)--Jan. 23, 2013-- Chesapeake Lodging Trust (NYSE:CHSP) will release its earnings for the quarter ended December 31, 2012 after the market closes on Thursday, February 21, 2013 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....