Symbol: CHSP, new symbol: PK
Founded: 2009(11 years)
HQ: VA, VA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Hotel
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest News Headlines
Tue, 17 Sep 2019 16:42:42 -0400 - Chesapeake Lodging Trust Completes Sale of Two New York Hotels
Tue, 10 Sep 2019 10:17:04 -0400 - Chesapeake Lodging Trust Shareholders Approve Merger With Park Hotels & Resorts
Thu, 01 Aug 2019 07:32:51 -0400 - Chesapeake Lodging Trust Reports Second Quarter Results
Thu, 25 Jul 2019 07:31:49 -0400 - Chesapeake Lodging Trust Announces Agreement to Sell New York Hotels
Tue, 09 Jul 2019 16:18:29 -0400 - Chesapeake Lodging Trust Sets Date of Special Meeting of Shareholders
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Did they call out what the total acquisition price for #CHSP was by #PK? This is what I gathered "The Merger is expected to close on or about September 18, 2019, upon completion of the transaction, each issued and outstanding common share of beneficial interest of the Trust will be converted into the right to receive 0.628 of a share of Park common stock and $11.00 in cash. Park common stock will continue to trade on the New York Stock Exchange following the Merger under the symbol PK." - CapitalKing - 2019-09-10 17:42:01 - See full comment
From what I have calculated the average hotel occupancy for a REIT is 78%, this is the average for the year as some quarters have lower occupancy. Some of the hotel REITs I have seen with the lowest occupancy are #CPLG,#HPT,#XHR,#APLE, and #AHT. Some of the hotel REITs with best occupancy levels I have identified are #SHO,#HT,#CHSP, and #PK. - Gekko5 - 2019-09-08 22:55:23 - See full comment
Hi CapitalKing, those ranges for #CHSP seem to be only during the peak periods, during Q1 2019, the had occupancy around ~78% which is more in line with what other hotel REITs have during these periods. - Billy123 - 2019-08-12 22:18:24 - See full comment
Below are the most recent cash dividends paid by CHSP. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 22 hotels with an aggregate of 6,694 rooms in nine states and the District of Columbia.