Chesapeake Lodging reports Q4 preliminary adjusted FFO 41c, consensus 12c Consensus for AFFO/share may not compare. Reports Q4 preliminary revenue $85.1M, consensus $82.39M. Reports Q4 preliminary pro forma RevPAR increase over 2011 of 5.5%.
Chesapeake Lodging 4M share Spot Secondary priced at $34.00 The deal size was increased to 4M shares from 3M shares and priced between the $33.85-$34.14 range. JPMorgan and Deutsche Bank acted as joint book running managers for the offering.
Chesapeake Lodging Trust files to sell 3M shares of common stock The Trust intends to use the net proceeds from the offering to repay borrowings outstanding under its revolving credit facility. J.P. Morgan and Deutsche Bank Securities are acting as joint book-running managers for the offering.
Chesapeake Lodging names D. Rick Adams as COO Chesapeake Lodging Trust announced the promotion of D. Rick Adams to Executive Vice President and COO. Adams joined the Trust in 2009 as its Senior Vice President and Chief Investment Officer and was subsequently promoted to Executive Vice President and Chief Investment Officer.