| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
60 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
592 |
| Net Income (TTM) (Millions $) |
93 |
| Cash Flow (TTM) (Millions $) |
-21 |
| Capital Exp. (TTM) (Millions $) |
39 |
Business Description
Chesapeake Lodging Trust is a publicly traded real estate investment trust (REIT) that owns and operates upscale, full-service hotels and resorts in major markets across the United States. Headquartered in Annapolis, Maryland, Chesapeake Lodging Trust primarily focuses on the acquisition, development, and management of high-quality properties in urban and suburban settings.
The company was founded in 2009 and completed its initial public offering (IPO) in January 2010, raising $230 million. Chesapeake Lodging Trust went public to acquire high-end hotels that were undervalued, underperforming, or in need of renovation, with the aim of improving their operational and financial performance. The company has since grown its portfolio of properties and expanded its reach across the country.
The trust's portfolio consists of 20 hotels and resorts across 11 states, including such popular destinations as Hawaii, California, New York, and Washington, D.C. Its properties are primarily affiliated with major hotel brands, including Hyatt, Marriott, and Hilton, and are known for their upscale amenities, elegant design, and prime locations in central business districts and tourist hotspots.
Chesapeake Lodging Trust has a strong track record of generating significant revenue growth and improving profitability through strategic acquisitions and efficient asset management. The company's management team is highly experienced in the hospitality industry, with a deep understanding of market trends, guest preferences, and operational best practices.
In addition to its core business of acquiring, developing, and managing hotels, Chesapeake Lodging Trust is also committed to sustainability and responsible business practices. The company has implemented various initiatives to reduce its environmental footprint, support local communities, and promote diversity and inclusion in its workforce.
Overall, Chesapeake Lodging Trust is a reputable, well-managed REIT that offers investors a unique opportunity to invest in the thriving hospitality industry. With a diverse portfolio of upscale hotels in prime locations across the country, the company is well-positioned to generate strong returns for its shareholders for years to come.
Company Address: 4300 Wilson Boulevard, Suite 625 Arlington 22203 VA
Company Phone Number: 349-9450 Stock Exchange / Ticker: NYSE CHSP
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