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Press release from Business Wire

Chesapeake Lodging Trust Announces First Quarter Dividend

Thursday, March 17, 2011

Chesapeake Lodging Trust Announces First Quarter Dividend11:13 EDT Thursday, March 17, 2011 ANNAPOLIS, Md. (Business Wire) -- Chesapeake Lodging Trust (NYSE:CHSP) announced today that its board of trustees has declared a dividend payment of $.20 per common share. The dividend will be paid on April 15, 2011 to shareholders of record at the close of business on March 31, 2011. The dividend represents a 4.8% annualized yield based on the closing price of the common shares on March 16, 2011. ABOUT CHESAPEAKE LODGING TRUST Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service and extended-stay hotels in urban settings or unique locations in the United States. The Company owns five hotel properties with an aggregate of 1,629 rooms in two states. Additional information can be found on the Company's website at Chesapeake Lodging TrustDouglas W. Vicari, 410-972-4142