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Chesapeake Lodging Reportedly Considers Sale

ANNAPOLIS—A report in the Wall Street Journal says the company is exploring the possibility of a sale.

By Erika Morphy | Updated on January 29, 2016

ANNAPOLIS—Locally-based Chesapeake Lodging Trust may be looking to join the crowd — the crowd of REITs, that is, that have been taken private over the past several months as their valuations drop. A report in The Wall Street Journal, albeit short on details, cites unnamed sources that claim the company is exploring the possibility of a sale.

REIT stocks in general have been under pressure for the last year in large part due to fears — exaggerated and misplaced some but not analysts will say — about interest rate increases. The result has been a pronounced gap in valuations between public and private real estate, despite the still solid fundamentals in the sector.

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