Follow-On Offering

Real Estate
Follow-On Offering


Baird served as a book-running manager on this offering


Chesapeake Lodging Trust (“Chesapeake” or the “Company”) (NYSE: CHSP) recently completed a follow-on offering of 8,337,500 common shares at a price of $20.75 per share, generating gross proceeds of approximately $173.0 million. The Company intends to use the net proceeds from the offering to repay outstanding borrowings under the Company’s outstanding revolving credit facility

Chesapeake is a self-advised REIT with a focus 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 U.S. The Company owns 15 hotels with an aggregate of 4,722 rooms in seven states and the District of Columbia. Chesapeake is headquartered in Annapolis, Maryland.

For additional information about this transaction, please contact:

Steve Goldberg (202) 303-1808
Adam Lefkowitz (202) 303-1817
Peter Kies (414) 765-7262
Gary Placek (414) 765-3611
Michael Wilcox (312) 609-4927
Real Estate
Follow-On Offering
February 2013
Chesapeake Lodging Trust
Real Estate
Target Location
North America