Chesapeake Lodging Trust

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  • Renovation and Rebranding Announced for Holiday Inn New York City Midtown

    The existing Holiday Inn hotel located at 30-32 West 31stStreet in New York City’s Midtown District is set to be converted into a new Hyatt-branded hotel, as Chesapeake Lodging Trust appointed a Hyatt affiliate to oversee the $6 million renovation and rebranding process.

    New York 08 February 2014 21:06
  • Hyatt Fisherman’s Wharf Acquired by Chesapeake Lodging Trust in $100M Deal

    San Francisco’s improving hospitality market has seen another high-profile deal perfected as investors focus their attention on the city’s increasing appeal for both business and tourism. The Chesapeake Lodging Trust recently closed a deal for the Hyatt Fisherman’s Wharf, paying a purchase fee of around $103.5 million for the hotel, to an affiliate of Hyatt Hotels Corporation. The venue will continue to operate under the Hyatt brand, as the new owner has reportedly agreed a management contract with Evolution Hospitality, who will carry out its duties under a franchise agreement with another Hyatt affiliate.

    San Francisco 05 June 2013 14:57
  • Recently Sold W Will Become First Le Méridien in NOLA

    Just a month after its sale, there are more changes coming to W New Orleans. The hotel, the second W-branded property operated by Starwood Hotels & Resorts Worldwide, Inc. in the Crescent City will be converted into a Le Méridien property, in a bid to launch the Paris-born brand in one of the hottest US hotel markets.

    New Orleans 03 June 2013 20:35
  • Chesapeake Lodging Trust Acquires Hyatt Place New York Midtown South

    Chesapeake Lodging Trust has closed on its acquisition of the newly developed, 185-room Hyatt Place New York Midtown South for $76 million.

    New York 18 March 2013 14:44
  • Chesapeake Lodging Trust Nabs $60M Loan

    Relying on two key Manhattan properties as collateral, Chesapeake Lodging Trust has obtained a $60 million loan through Wells Fargo Bank N.A. The two-year term loan's structure is multi-faceted, to say the least.

    Northeast 09 July 2012 15:12