Chesapeake Lodging Trust (CHSP) Misses Q2 EPS by 3c; Trims FY16 Outlook
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Chesapeake Lodging Trust Reports Second Quarter Results
July 29, 2016 9:01 AM 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 June 30, 2016.
HIGHLIGHTS
RevPAR: 2.2% pro forma increase for the hotel portfolio over the same period in 2015. Adjusted Hotel EBITDA Margin: 50 basis point pro forma increase to 36.9% for the hotel portfolio over the same period in 2015. Adjusted Hotel EBITDA: $62.6 million. Adjusted Corporate... More