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Park Hotels & Resorts $2.7 billion acquisition of Chesapeake Lodging Trust

6/4/2019
Public acquisition
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$ 2.7 billion

Announced

6/4/2019

Overview:

  • Park Hotels & Resorts has acquired Chesapeake Lodging Trust in a $2.7 billion deal. 
  • If completed, the deal would create the second largest real estate investment trust (REIT) in the US. 
  • BofA Merrill Lynch and Barclays acted as financial advisers for Park Hotels while JP Morgan Securities advised Chesapeake Lodging. 
  • The transaction is expected to close either late in the third quarter or in the fourth quarter. 

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sectors:

Consumer goods and services
Real estate

Firms:
Hogan Lovells

Party: Park Hotels & Resorts (Acquirer)

Paul Weiss Rifkind Wharton & Garrison

Party: Chesapeake Lodging Trust (Target)

Polsinelli

Party: Chespeake Lodging Trust (Target)

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