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Transactions - SEPTEMBER 11, 2019

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Chesapeake Lodging Trust shareholders approve merger with Park Hotels & Resorts

by Released

Chesapeake Lodging Trust shareholders have approved the proposed merger of the Trust with and into a subsidiary of Park Hotels & Resorts, which was announced in May 2019.

The sales price was $2.7 billion, with the combined company’s estimated enterprise value pegged at $12 billion. It will own 66 hotels in urban and resort markets in 17 states and the District of Columbia.

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