Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Chesapeake Lodging Trust (NYSE: CHSP) acted responsibly on behalf of investors’ profitability in the planned $2.7 billion sale to Park Hotels & Resorts Inc (NYSE: PK).

On May 6, 2019, Chesapeake Lodging Trust (NYSE: CHSP) and Park Hotels & Resorts Inc (NYSE: PK) announced that they had entered into a merger agreement. Under the terms of the merger agreement, stockholders will receive $11.00 and 0.628 shares of Park Hotels & Resorts common stock for each share of Chesapeake Lodging Trust stock that they hold.

Based in Arlington, Virginia, 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 hotels in urban settings or unique locations in the United States.  

The investigation focuses on whether NYSE: CHSP investors received the highest price and whether the directors of Chesapeake Lodging Trust acted in the best interest of Chesapeake Lodging Trust company and its shareholders.   

If you purchased Chesapeake Lodging Trust (NYSE: CHSP) prior to May 6, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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