Chesapeake Lodging acquires W New Orleans from Starwood Hotels Chesapeake Lodging Trust (CHSP) announced that it has purchased the 410-room W New Orleans from Starwood Hotels & Resorts Worldwide (HOT) for $65.0M. The Trust will renovate the property and continue to work with Starwood on a long-term basis.
Chesapeake Lodging increases dividend 17% to 35c Chesapeake Lodging Trust announced that its board of trustees has declared a quarterly dividend payment of 35c per common share. The dividend will be paid on April 15 to shareholders of record at the close of business on March 31. The dividend represents a 3.6% annualized yield based on the closing price of the Trustís common shares on January 23.