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Chesapeake Lodging Trust Announces 2010 Dividend Income Tax Treatment

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^{Published in Business and Finance on Tuesday, January 18th 2011 at 5:05 GMT by Market Wire}  

ANNAPOLIS, Md.--([ BUSINESS WIRE ])--Chesapeake Lodging Trust (NYSE:CHSP) announced today the estimated income tax classification of the Companya™s 2010 distributions on its common shares (CUSIP #165240102). The income tax classification of the 2010 distributions as it is expected to be reported on Form 1099-DIV is set forth in the following table:

Shareholders should note that the 2010 fourth quarter distribution, which had a record date of December 31, 2010 and was paid on January 14, 2011, is taxable as if received on December 31, 2010. This release is based on the preliminary results of work on the Companya™s tax filings and is subject to correction or adjustment when the filings are completed. The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Companya™s dividends. No material change in these classifications is expected. Shareholders are encouraged to consult with their own tax advisors as to the specific tax treatment to them of the Companya™s distributions.

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, airport 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 Companya™s website at [ www.chesapeakelodgingtrust.com ].