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ANNAPOLIS, MD-Chesapeake Lodging posted quarterly results that had been buffeted by several headwinds, but the REIT also scored some notable achievements as well, including two acquisitions and the closing of a new mortgage loan.

It posted FFO (funds from operations) of $3.8 million for the quarter ending March 31, compared to $5.7 million for the same period in 2012. But as James L. Francis, the REIT’s president and CEO also pointed out, its Pro Forma Adjusted Hotel EBITDA Margin increased by 170 basis points for a comparable 15-hotel portfolio over the same period in 2012.

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