[June 12, 2019]

Chesapeake Lodging Trust Declares Dividend for the Second Quarter

Chesapeake Lodging Trust (NYSE:CHSP) (the "Trust") announced today that its board of trustees has declared a quarterly dividend payment of $0.40 per common share. The dividend will be paid on July 15, 2019 to shareholders of record at the close of business on June 28, 2019. The dividend represents a 5.6% annualized yield based on the closing price of the Trust's common shares on June 11, 2019.

ABOUT CHESAPEAKE LODGING TRUST

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused n 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 Trust owns 20 hotels with an aggregate of 6,288 rooms in eight states and the District of Columbia. Additional information can be found on the Trust's website at www.chesapeakelodgingtrust.com.

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