Chesapeake Lodging Trust
Park Hotels & Resorts Revamps Credit Facilities
The giant hotel REIT has bolstered its financial situation, in part through extended maturities on its $1 billion line of credit.
Ace Hotel Downtown LA Sells for $117M
Park Hotels & Resorts sold the asset to pay down debt from its recent acquisition of Chesapeake Lodging Trust.
Park Hotels Lands $950M in Financing for Chesapeake Acquisition
The previously announced merger between the two REITs is expected to close by the end of the month.
Chesapeake Agrees to Sell NYC Hotels for $138M
The two Hyatt-branded Manhattan properties are slated to change hands in September, prior to the trust’s prospective $2.7 billion merger with Park Hotels & Resorts Inc.
Park Hotels & Resorts Sells 3 Assets for $166M
The disposition of the 1,098-key portfolio helps the hospitality REIT curb leverage ahead of its $2.7 billion merger with Chesapeake Lodging Trust.
Park Hotels, Chesapeake Lodging Trust to Merge in $2.7B Deal
Once the transaction is completed, the resulting company will own a 35,384-key, 66-property portfolio and have an estimated enterprise value of $12 billion.
Sale of Hyatt Centric Santa Barbara Closes
Chesapeake Lodging Trust sold the 200-key property to an undisclosed buyer after a five-year hold, during which the countywide hospitality market has thrived.
Chesapeake Lodging Trust to Sell SoCal Hotel for $90M
The planned disposition of the Hyatt Centric Santa Barbara comes five years after the REIT acquired the 200-key destination for $61 million.
Hilton City Center Opens in Mile-High City
The 316-key property was renamed after a $27 million renovation. Previously known as Marriott Denver City, the 20-story building is the metro’s third-largest hotel.
Chesapeake Lodging Trust to Sell $46M Minneapolis Hotel
The Hotel Minneapolisis situated in the heart of Minneapolis, offering convenient access to sports venues, cultural amenities and many corporate headquarters. The trust first purchased the asset back in 2012.