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Chesapeake Lodging Trust Completes Public Offering of Common Shares

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September 18, 2012

Chesapeake Lodging Trust Completes Public Offering of Common Shares

Chesapeake Lodging Trust (NYSE: CHSP) (the ?Trust?) announced today that it has completed its public offering of 7,475,000 common shares, including 975,000 shares sold pursuant to the underwriters? option to purchase additional shares. Through the offering, the Trust raised approximately $132.5 million of net proceeds, after deducting the underwriting discount and other estimated offering expenses payable by the Trust.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as the joint book-running managers for the offering. Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc., RBC Capital Markets, LLC, and JMP Securities LLC acted as co-managers for the offering.

The Trust intends to use the net proceeds of the offering to repay outstanding borrowings under its revolving credit facility and for general corporate purposes, including the acquisition of hotels.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Trust’s common shares, nor shall there be any sale of the common shares in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

Copies of the prospectus supplement and the related prospectus for the offering may be obtained from Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling 1-800-503-4611, or by emailing; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling 1-866-803-9204; or Wells Fargo Securities, LLC, Attention: Equity Syndicate Dept., 375 Park Avenue, New York, New York 10152, or by calling (800) 326-5897, or by e-mail at

Source: Chesapeake Lodging Trust


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