Chesapeake Lodging Trust Declares Dividends for the Third Quarter

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

Chesapeake Lodging Trust CHSP (the "Trust") announced today that its board of trustees has declared a quarterly dividend payment of $0.40 per common share. The dividend will be paid on October 14, 2016 to shareholders of record at the close of business on September 30, 2016. The dividend represents a 6.8% annualized yield based on the closing price of the Trust's common shares on September 16, 2016.

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 October 14, 2016 to shareholders of record at the close of business on September 30, 2016.

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 22 hotels with an aggregate of 6,694 rooms in nine states and the District of Columbia. Additional information can be found on the Trust's website at www.chesapeakelodgingtrust.com.

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