- Chesapeake Lodging Trust (NYSE:CHSP -1.6%) sold 4.2M shares for gross proceeds of about $126M ($30 each). The underwriter greenshoe is for another 630K shares.
- The proceeds, combined with the cash from the pending sale of the 153-room Courtyard Anaheim at Disneyland (if completed), will towards the purchase of the 337-room JW Marriott San Francisco Union Square.
- Source: Press Release