Shareholders of Chesapeake Lodging Trust voted in favor of the proposed $2.7 billion merger with a subsidiary of fellow hospitality trust Park Hotels & Resorts Inc. The two Northern Virginia-based REITs, which announced the agreement in May, expect the merger to close on or about September 18, 2019, subject to meeting customary closing conditions.
Chesapeake Lodging Shareholders Approve Sale to Park Hotels
Loan Agreement Finalized With Bank of America as Pair of Hotel REITs Head Down the Aisle
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