Chesapeake Lodging Trust (CHSP) Tops Q1 EPS by 2c
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Chesapeake Lodging Trust Reports First Quarter Results
April 30, 2015 4:15 PM EDTANNAPOLIS, Md.--(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, 2015.
HIGHLIGHTS
RevPAR: 3.0% pro forma increase for the 21-hotel portfolio over the same period in 2014. Adjusted Hotel EBITDA Margin: 20 basis point pro forma decrease to 24.7% for the 21-hotel portfolio over the same period in 2014. Adjusted Hotel EBITDA: $25.3 million.... MoreChesapeake Lodging Trust Acquires the Ace Hotel and Theater Downtown Los Angeles
April 30, 2015 4:06 PM EDTANNAPOLIS, Md.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE: CHSP) (the Trust) announced today that it has closed on the acquisition of the Ace Hotel Downtown and The Theater at Ace Hotel, located in Los Angeles, California for a purchase price of $103.0 million, or approximately $566,000 per key. The Trust entered into a new management agreement with Ace Hotel Group to continue to brand and operate the hotel.
We are thrilled to announce our acquisition of the Ace Hotel and Theater and further expand our presence in the dynamic Los Angeles market, commented James L.... More
