Chesapeake Lodging Trust Reports First Quarter Results; Pro Forma RevPAR Increased 12.2% and Pro Forma Adjusted Hotel EBITDA Margin Increased 410 Basis Points
ANNAPOLIS, Md.–(BUSINESS WIRE)–May. 1, 2012–
Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment
trust (REIT), reported today its financial results for the quarter ended
March 31, 2012.
Pro Forma RevPAR ? 12.2% increase
for comparable 10-hotel portfolio over the same period in 2011.
Pro Forma Adjusted Hotel EBITDA Margin
? 410 basis point increase for comparable 10-hotel portfolio over the
same period in 2011.
Acquisitions ? Committed $76.2
million to acquire a second hotel, currently under development, in