Transactions - SEPTEMBER 11, 2019

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

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.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.