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# Chesapeake Lodging Trust Acquires Hyatt Santa Barbara
- URL: https://hospitality.pro/chesapeake-lodging-trust-acquires-hyatt-santa-barbara/
- Published: 2013-06-27T18:06:00.000Z
- Updated: 2013-06-27T18:06:00.000Z
- Author: H L
- Tags: Hyatt, hyatt hotels corporation, #wordpress, #Import 2026-04-16 12:15

ANNAPOLIS, Md.–(BUSINESS WIRE)–Jun. 27, 2013–  
Chesapeake Lodging Trust (NYSE: CHSP) (the ?Trust?) and Hyatt Hotels  
Corporation (NYSE: H) (?Hyatt?) announced today that the Trust has  
acquired the fee simple interest in the Hyatt  
Santa Barbara and two adjoining properties totaling 200 rooms from a  
Hyatt affiliate for $61.0 million, or approximately $305,000 per key.  
The Trust entered into a management agreement with HEI Hotels and  
Resorts to operate the hotel under a franchise agreement with a Hyatt  
affiliate.

 ?We are very excited to acquire the recently renovated Hyatt Santa  
Barbara while we continue to grow our …