Chesapeake Lodging Trust to Be Acquired by Park Hotels & Resorts in $2.7 Billion Deal

Paul, Weiss is representing real estate investment trust Chesapeake Lodging Trust in its approximately $2.7 billion acquisition by Park Hotels & Resorts Inc. Chesapeake Lodging Trust is focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The transaction is expected to close late in the third quarter or early fourth quarter of 2019.

The Paul, Weiss team includes, among others, corporate partners Steven Williams, Eric Goodison and David Huntington; real estate partner Peter Fisch; tax partners Lindsay Parks and Scott Sontag; intellectual property partner Claudine Meredith-Goujon; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.