reports
Chesapeake Lodging Trust Reports First Quarter Results
ARLINGTON, Va.--(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, 2018. HIGHLIGHTS Comparable RevPAR: 3.5% increase for the 21-hotel portfolio over the same period in 2017. Comparable Adjusted Hotel EBITDAre Margin: 90 basis point increase to 27.9% for the 21-hotel portfolio over the same period in 2017. Adjusted Hotel EBITDAre: $...
Chesapeake Lodging Trust Sets Date of 2018 Annual Meeting of Sharehold...
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE: CHSP) (the “Trust”) announced today that its board of trustees has determined that the 2018 annual meeting of shareholders will be held on Thursday, June 14, 2018 at 9:00 a.m. Eastern Time. Shareholders of record on April 24, 2018 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 Trust's shareholders will be included in the Trust's proxy materials. ABOUT CHESAPEA...
Chesapeake Lodging Trust to Release Earnings for Quarter Ended March 3...
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP) will release its earnings for the quarter ended March 31, 2018 before the market opens on Tuesday, May 1, 2018 and will host a conference call later that morning 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. Interested individuals are invited to listen to the call by dialing (877) 683-0303 (U.S./Canadian call...
Chesapeake Lodging Trust Declares Dividend for the First Quarter
ARLINGTON, Va.--(BUSINESS WIRE)-- 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 April 13, 2018 to shareholders of record at the close of business on March 29, 2018. The dividend represents a 6.1% annualized yield based on the closing price of the Trust’s common shares on March 6, 2018. ABOUT CHESAPEAKE LODGING TRUST Chesapeake Lodging Trust is a self-advised lodging real es...
Chesapeake Lodging Trust Reports Fourth Quarter Results
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment trust (REIT), reported today its financial results for the quarter ended December 31, 2017. HIGHLIGHTS Comparable RevPAR: 0.3% increase for the 21-hotel portfolio and 1.2% increase for the 14-hotel portfolio over the same period in 2016. Comparable Adjusted Hotel EBITDA Margin: 40 basis point decrease to 29.9% for the 21-hotel portfolio and 10 basis point decrease to 3...
CORRECTING and REPLACING Chesapeake Lodging Trust Announces 2017 Divid...
ARLINGTON, Va.--(BUSINESS WIRE)-- Tables of release dated January 24, 2018 have been revised for the Total Ordinary Dividends amounts to include the Qualified Dividends amounts. The corrected release reads: CHESAPEAKE LODGING TRUST ANNOUNCES 2017 DIVIDEND INCOME TAX TREATMENT Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today the estimated income tax classification of the Trust’s 2017 distributions on its common shares (CUSIP #165240102) and preferred shares (CUSIP #165240201). The income tax...
Chesapeake Lodging Trust to Release Earnings for Quarter Ended Decembe...
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP) will release its earnings for the quarter ended December 31, 2017 after the market closes on Thursday, February 15, 2018 and will host a conference call later that afternoon at 4:30 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. Interested individuals are invited to listen to the call by dialing (877) 683-0303 (U.S./Ca...
Chesapeake Lodging Trust Declares Dividend for the Fourth Quarter
ARLINGTON, Va.--(BUSINESS WIRE)-- 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 January 12, 2018 to shareholders of record at the close of business on December 29, 2017. The dividend represents a 5.7% annualized yield based on the closing price of the Trust’s common shares on December 15, 2017. ABOUT CHESAPEAKE LODGING TRUST Chesapeake Lodging Trust is a self-advised lodgin...
Chesapeake Lodging Trust Sells The Hotel Minneapolis, Autograph Collec...
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today that it has closed on the sale of the 222-room The Hotel Minneapolis, Autograph Collection located in Minneapolis, Minnesota for a sale price of $46.0 million, or $207,000 per key. The Trust used the net proceeds from the sale to repay outstanding borrowings under its revolving credit facility. The Trust acquired The Hotel Minneapolis, Autograph Collection in October 2012 for $46.0 million, or $207,000 per key. The $46.0 milli...
Chesapeake Lodging Trust Reports Third Quarter Results
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment trust (REIT), reported today its financial results for the quarter ended September 30, 2017. HIGHLIGHTS RevPAR: 3.4% decrease for the 22-hotel portfolio and 3.4% decrease for the 15-hotel portfolio over the same period in 2016. Adjusted Hotel EBITDA Margin: 100 basis point decrease to 33.6% for the 22-hotel portfolio and 90 basis point decrease to 35.8% for the 15-hote...
Chesapeake Lodging Trust Announces Agreement to Sell The Hotel Minneap...
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today that it has entered into an agreement to sell the 222-room The Hotel Minneapolis, Autograph Collection located in Minneapolis, Minnesota for a sale price of $46.0 million, or approximately $207,000 per key, subject to customary working capital pro-rations at closing. Completion of the proposed sale is expected to close within the next 30 days, subject to customary closing requirements and conditions. “We are excited to announc...
Chesapeake Lodging Trust to Release Earnings for Quarter Ended Septemb...
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP) will release its earnings for the quarter ended September 30, 2017 before the market opens on Thursday, November 2, 2017 and will host a conference call later that morning 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. Interested individuals are invited to listen to the call by dialing (877) 683-0303 (U.S./Can...
Chesapeake Lodging Trust Declares Dividend for the Third Quarter
ARLINGTON, Va.--(BUSINESS WIRE)-- 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 October 13, 2017 to shareholders of record at the close of business on September 29, 2017. The dividend represents a 6.2% annualized yield based on the closing price of the Trust’s common shares on September 15, 2017. ABOUT CHESAPEAKE LODGING TRUST Chesapeake Lodging Trust is a self-advised lodg...
Chesapeake Lodging Trust Announces Rebranding of Denver City Center
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today that it has entered into a management agreement with Hilton (NYSE:HLT) to rebrand its previous 613-room Marriott hotel, located in Denver, Colorado, to the Hilton Denver City Center. “We appreciate the years of service by our Marriott friends and partners; however, we are happy to welcome Hilton into our hotel,” stated James L. Francis, President and Chief Executive Officer of the Trust. The Trust recently completed a multiyea...
Chesapeake Lodging Trust Announces Reopening of the Royal Palm South B...
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today that it reopened its Royal Palm South Beach Miami, a Tribute Portfolio Resort on Tuesday, September 12th, just 48 hours after Hurricane Irma passed through the state of Florida. “I can’t thank enough our asset management and onsite management teams for the incredible preparation work completed at the hotel. Without question, all the detailed efforts contributed to our ability to quickly reopen the hotel and serve those in the community...
Chesapeake Lodging Trust Reports Second Quarter Results
ARLINGTON, Va.--(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, 2017. HIGHLIGHTS RevPAR: 3.7% decrease for the 22-hotel portfolio and 0.2% increase for the 15-hotel portfolio over the same period in 2016. Adjusted Hotel EBITDA Margin: 180 basis point decrease to 35.1% for the 22-hotel portfolio and 90 basis point decrease to 39.5% for the 15-hotel por...
Chesapeake Lodging Trust to Release Earnings for Quarter Ended June 30...
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP) will release its earnings for the quarter ended June 30, 2017 before the market opens on Wednesday, August 2, 2017 and will host a conference call later that morning 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. Interested individuals are invited to listen to the call by dialing (877) 683-0303 (U.S./Canadian ...
Chesapeake Lodging Trust Announces Redemption of 7.75% Series A Cumula...
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”), today notified holders of record (the “Notice of Redemption”) of the Trust’s 7.75% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series A Preferred Shares”) of the redemption of all of the issued and outstanding Series A Preferred Shares. The cash redemption amount (the “Redemption Amount”) for each Series A Preferred Share is $25.00, plus an amount equal to all accrued and unpaid dividends to, but not including, the re...
Chesapeake Lodging Trust Declares Dividends for the Second Quarter
ARLINGTON, Va.--(BUSINESS WIRE)-- 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 14, 2017 to shareholders of record at the close of business on June 30, 2017. The dividend represents a 7.0% annualized yield based on the closing price of the Trust’s common shares on May 16, 2017. The Trust also announced that its board of trustees has declared a quarterly dividend payment of $0.4...
Chesapeake Lodging Trust Reports First Quarter Results
ARLINGTON, Va.--(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, 2017. HIGHLIGHTS RevPAR: 3.6% decrease for the 22-hotel portfolio and 2.5% decrease for the 15-hotel portfolio over the same period in 2016. Adjusted Hotel EBITDA Margin: 180 basis point decrease to 26.7% for the 22-hotel portfolio and 130 basis point decrease to 28.4% for the 15-hotel p...
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