Chesapeake Lodging Trust Announces 2017 Dividend Income Tax Treatment

Chesapeake Lodging Trust CHSP (the "Trust") announced today the estimated income tax classification of the Trust's 2017 distributions on its common shares (CUSIP #165240102) and preferred shares (CUSIP #165240201). The income tax classification of the 2017 distributions as it is expected to be reported on Form 1099-DIV is set forth in the following tables:


COMMON SHARES⁽¹⁾:

Record Date	Payment Date	Total Cash Distribution Per Share	Ordinary Taxable Dividend	Qualified Taxable Dividend	Total Capital Gain Distribution	Unrecaptured Section 1250 Gain⁽²⁾	Return of Capital

12/30/2016	01/13/2017	$0.400000	$0.310699	$0.010394	$0.022294	$0.020457	$0.056613
03/31/2017	04/14/2017	0.400000	0.310699	0.010394	0.022294	0.020457	0.056613
06/30/2017	07/14/2017	0.400000	0.310699	0.010394	0.022294	0.020457	0.056613
09/29/2017	10/13/2017	0.400000	0.310699	0.010394	0.022294	0.020457	0.056613
		$1.600000	$1.242796	$0.041576	$0.089176	$0.081828	$0.226452


PREFERRED SHARES⁽³⁾:

Record Date	Payment Date	Total Cash Distribution Per Share	Ordinary Taxable Dividend	Qualified Taxable Dividend	Total Capital Gain Distribution	Unrecaptured Section 1250 Gain⁽²⁾	Return of Capital

03/31/2017	04/14/2017	$0.484375	$0.438266	$0.014661	$0.031448	$0.028856	$0.000000
06/30/2017	07/14/2017	0.484375	0.438266	0.014661	0.031448	0.028856	0.000000
–	07/17/2017	0.010764	0.009739	0.000326	0.000699	0.000641	0.000000
		$0.979514	$0.886271	$0.029648	$0.063595	$0.058353	$0.000000

_______________
⁽¹⁾		^{Common shareholders should note that the fourth quarter 2017 distribution, which had a record date of December 29, 2017 and was paid on January 12, 2018, will be reported on the 2018 Form 1099-DIV to be provided to shareholders in January 2019.}
⁽²⁾		^{Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain Distribution amount.}
⁽³⁾		^{On July 17, 2017, the Trust redeemed all 5,000,000 shares of its issued and outstanding 7.75% Series A Cumulative Redeemable Preferred Shares at a redemption amount of $25.00 per share, plus an amount equal to all accrued and unpaid dividends to, but not including, the redemption date.}

This release is based on the preliminary results of work on the Trust's tax filings and is subject to correction or adjustment when the filings are completed. The Trust is releasing information at this time to aid those required to distribute Forms 1099 on the Trust's distributions. No material change in these classifications is expected. Shareholders are encouraged to consult with their own tax advisors as to the specific tax treatment to them of the Trust's distributions.

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 21 hotels with an aggregate of 6,479 rooms in eight states and the District of Columbia. Additional information can be found on the Trust's website at www.chesapeakelodgingtrust.com.

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