Chesapeake Lodging Trust (the Trust) is a self-advised real estate investment trust (REIT). The Trust is focused on investments primarily in upper-upscale hotels in business and convention markets and, on a selective basis, select-service and extended-stay hotels in urban settings or locations in the United States of America. All of the its assets are held by, and all of its operations are conducted through, Chesapeake Lodging, L.P., its operating partnership (the Operating Partnership). The Operating Partnership leases its hotels to CHSP TRS LLC (CHSP TRS), which is a wholly owned subsidiary of the Operating Partnership. CHSP TRS engages hotel management companies to operate the hotels pursuant to management agreements. On December 22, 2011, it acquired Holiday Inn New York City Midtown, which had 122 rooms. On October 3, 2011, it acquired Denver Marriott City Center hotel, which had 613 rooms. On July 8, 2011, it acquired Hotel Adagio, which consisted of 171 rooms.