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Chesapeake Lodging Trust (CHSP.N)

CHSP.N on New York Stock Exchange

27.47USD
22 Jul 2019
Change (% chg)

$-0.37 (-1.33%)
Prev Close
$27.84
Open
$27.70
Day's High
$27.87
Day's Low
$27.41
Volume
59,197
Avg. Vol
125,936
52-wk High
$33.74
52-wk Low
$23.72

Latest Key Developments (Source: Significant Developments)

Park Hotels & Resorts Announces $2.7 Billion Strategic Acquisition Of Chesapeake Lodging Trust
Monday, 6 May 2019 

May 6 (Reuters) - Park Hotels & Resorts Inc ::PARK HOTELS & RESORTS ANNOUNCES $2.7 BILLION STRATEGIC ACQUISITION OF CHESAPEAKE LODGING TRUST.PARK HOTELS & RESORTS - UNDER TERMS OF MERGER AGREEMENT, CHESAPEAKE SHAREHOLDERS WILL RECEIVE $11.00 IN CASH AND 0.628 OF A SHARE OF PARK COMMON STOCK FOR EACH CHESAPEAKE SHARE.PARK HOTELS & RESORTS INC - TRANSACTION HAS BEEN APPROVED BY BOARD OF DIRECTORS AND BOARD OF TRUSTEES OF PARK AND CHESAPEAKE, RESPECTIVELY.PARK HOTELS & RESORTS INC - CHESAPEAKE SHAREHOLDERS WILL RECEIVE $11.00 IN CASH AND 0.628 OF A SHARE OF PARK COMMON STOCK FOR EACH CHESAPEAKE SHARE.PARK HOTELS & RESORTS INC - EACH OF BOARD OF DIRECTORS OF PARK AND BOARD OF TRUSTEES OF CHESAPEAKE HAS APPROVED MERGER..PARK HOTELS & RESORTS - UPON COMPLETION OF DEAL, COMBINED CO TO HAVE ESTIMATED ENTERPRISE VALUE OF $12 BILLION.PARK HOTELS & RESORTS INC - PARK'S BOARD OF DIRECTORS WILL BE INCREASED TO TEN MEMBERS UPON CLOSING, WITH TWO ADDITIONS FROM CHESAPEAKE'S BOARD OF TRUSTEES..PARK HOTELS & RESORTS INC - THOMAS J. BALTIMORE, JR., PARK'S CHAIRMAN AND CEO, WILL CONTINUE TO SERVE AS CHAIRMAN OF PARK'S BOARD OF DIRECTORS.PARK HOTELS & RESORTS - PARK PLANS TO SELL FIVE NON-CORE HOTELS PRIOR TO PROPOSED CLOSING, INCLUDING BOTH OF CHESAPEAKE'S NEW YORK CITY HOTELS.PARK HOTELS & RESORTS INC - UPON DEAL CLOSING, PARK STOCKHOLDERS & CHESAPEAKE SHAREHOLDERS WILL OWN ABOUT 84% AND 16% OF COMBINED CO, RESPECTIVELY.  Full Article

Chesapeake Lodging Trust Reports Fourth Quarter Results
Friday, 22 Feb 2019 

Feb 21 (Reuters) - Chesapeake Lodging Trust ::REPORTS FOURTH QUARTER RESULTS.Q4 ADJUSTED FFO PER SHARE $0.54.QTRLY COMPARABLE REVPAR OF 3.7% INCREASE.SEES Q1 AFFO PER DILUTED COMMON SHARE $0.41 TO $0.44.SEES FULL YEAR AFFO PER DILUTED COMMON SHARE $2.35 TO $2.45.  Full Article

Chesapeake Lodging Trust reports third quarter results
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Chesapeake Lodging Trust ::REPORTS THIRD QUARTER RESULTS.Q3 ADJUSTED FFO PER SHARE $0.65.5.0% INCREASE IN QTRLY COMPARABLE REVPAR FOR 20-HOTEL PORTFOLIO OVER SAME PERIOD IN 2017.SEES Q4 2018 AFFO PER DILUTED COMMON SHARE $0.48 TO $0.52.SEES Q4 2018 COMPARABLE REVPAR CHANGE AS COMPARED TO 2017 UP 2.0% TO 4.0%.SEES FY 2018 AFFO PER DILUTED COMMON SHARE $2.28 TO $2.32.Q3 FFO PER SHARE VIEW $0.66 -- THOMSON REUTERS I/B/E/S.Q4 FFO PER SHARE VIEW $0.53 -- THOMSON REUTERS I/B/E/S.FY2018 FFO PER SHARE VIEW $2.34 -- THOMSON REUTERS I/B/E/S.  Full Article

Chesapeake Lodging Trust Announces Agreement To Sell Hyatt Centric Santa Barbara
Monday, 4 Jun 2018 

June 4 (Reuters) - Chesapeake Lodging Trust ::CHESAPEAKE LODGING TRUST ANNOUNCES AGREEMENT TO SELL HYATT CENTRIC SANTA BARBARA.CHESAPEAKE LODGING TRUST - DEAL FOR A SALE PRICE OF $90.0 MILLION.  Full Article

Chesapeake Lodging Trust Reports Q4 Adj FFO Per Share $0.48
Friday, 16 Feb 2018 

Feb 15 (Reuters) - Chesapeake Lodging Trust ::REPORTS FOURTH QUARTER RESULTS.Q4 ADJUSTED FFO PER SHARE $0.48.‍ DURING QUARTER, HOTELS IN NEW ORLEANS AND SANTA BARBARA NEGATIVELY IMPACTED BY HURRICANE NATE AND WILDFIRES, RESPECTIVELY​.  Full Article

Chesapeake Lodging Trust Q3 adjusted FFO per share $0.64
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Chesapeake Lodging Trust :Chesapeake Lodging Trust reports third quarter results.Q3 adjusted FFO per share $0.64.Qtrly REVPAR saw 3.4% decrease for 22-hotel portfolio and 3.4% decrease for 15-hotel portfolio over same period in 2016​.Sees Q4 2017 AFFO per diluted common share $0.47 to $0.51‍​.  Full Article

Chesapeake Lodging Trust to sell a Minnesota hotel for $46 mln
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Chesapeake Lodging Trust :Chesapeake Lodging Trust announces agreement to sell The Hotel Minneapolis, Autograph Collection.Deal for ‍sale price of $46.0 million​.  Full Article

Chesapeake Lodging reports Q2 adjusted FFO per share of $0.65
Wednesday, 2 Aug 2017 

Aug 2 (Reuters) - Chesapeake Lodging Trust ::Chesapeake lodging trust reports second quarter results.Q2 adjusted FFO per share $0.65.Chesapeake lodging trust sees Q3 AFFO earnings per share in range of $0.62 - $ 0.66.Chesapeake lodging trust qtrly REVPAR decreased 3.7% for 22-hotel portfolio and 0.2% increase for 15-hotel portfolio over same period in 2016.Chesapeake lodging trust sees FY AFFO earnings per share in range of $2.16 - $2.24.Chesapeake lodging trust qtrly total revenue $162.5 million versus $169.4 million.Sees Q3 REVPAR for 22-hotel portfolio of $198.00 to $202.00.Sees Q3 REVPAR for 15-hotel portfolio $195.00 to $199.00.Q2 revenue view $161.3 million -- Thomson Reuters I/B/E/S.Sees FY 2017 REVPAR for 22-hotel portfolio $183.00 to $187.00.Sees FY 2017 REVPAR for 15-hotel portfolio $184.00 to $188.00.  Full Article

Park Hotels to buy Chesapeake Lodging Trust in a $2.7 billion deal

Hotel owner Park Hotels & Resorts Inc on Monday agreed to buy smaller rival Chesapeake Lodging Trust in a cash and stock deal valued at $2.7 billion that would create the second biggest lodging real estate investment trust in the United States.