Chesapeake Lodging Trust Declares $0.22 Dividend

Chesapeake Lodging Trust

(the “Trust”) announced today that its board of trustees has declared a dividend payment of $.22 per common share. The dividend will be paid on January 15, 2013 to shareholders of record at the close of business on December 31, 2012. The dividend represents a 5% annualized yield based on the closing price of the Trust's common shares on December 12, 2012. The Trust also announced that its board of trustees has declared a dividend payment of $.484375 per share of the Trust's 7.75% Series A Cumulative Redeemable Preferred Shares. The dividend will be paid on January 15, 2013 to shareholders of record at the close of business on December 31, 2012.