Chesapeake Lodging Trust Declares Dividends for the First Quarter; Increases Quarterly Common Share Dividend by 17%

ANNAPOLIS, Md.--(BUSINESS WIRE)--

Chesapeake Lodging Trust CHSP (the “Trust”) announced today that its board of trustees has declared a quarterly dividend payment of $0.35 per common share. The dividend will be paid on April 15, 2015 to shareholders of record at the close of business on March 31, 2015. The dividend represents a 3.6% annualized yield based on the closing price of the Trust's common shares on January 23, 2015.

The Trust also announced that its board of trustees has declared a quarterly dividend payment of $0.484375 per share of the Trust's 7.75% Series A Cumulative Redeemable Preferred Shares. The dividend will be paid on April 15, 2015 to shareholders of record at the close of business on March 31, 2015.

ABOUT CHESAPEAKE LODGING TRUST

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 20 hotels with an aggregate of 6,116 rooms in eight states and the District of Columbia. Additional information can be found on the Trust's website at www.chesapeakelodgingtrust.com.