Chesapeake Lodging Trust (NYSE: CHSP) (the “Trust”) announced today the
promotion of D. Rick Adams to Executive Vice President and Chief
Operating Officer.
“Rick joined Chesapeake prior to its initial public offering as a
blind-pool REIT and has been a key member of our executive management
team. Rick has led the efforts in acquiring and assembling our
industry-leading portfolio of 21 hotels that we own today,” said James
L. Francis, Chesapeake Lodging Trust’s President and Chief Executive
Officer. “Rick has also been responsible for the asset management of our
hotel portfolio, resulting in strong operating performance as well as
the successful completion of numerous comprehensive renovation and
repositioning projects undertaken to date.”
Mr. Adams joined the Trust in 2009 as its Senior Vice President and
Chief Investment Officer and was subsequently promoted to Executive Vice
President and Chief Investment Officer. Prior to joining the Trust, from
2004 until its sale in 2007, Mr. Adams served as Senior Vice President
of Asset Management for Highland Hospitality Corporation (“Highland”).
Following the sale of Highland and until 2009, Mr. Adams continued to
serve as Senior Vice President and Head of Asset Management for the
affiliate of JER Partners that acquired Highland. From 1995 to 2004, Mr.
Adams served as Vice President of Regional Operations and Development
Officer for B.F. Saul Company. Prior to his tenure at B.F. Saul Company,
he held numerous operations and franchise development management
positions at Holiday Inns Worldwide, known today as Intercontinental
Hotels Group. Mr. Adams received his Bachelor of Science in Management
from Indiana University.
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 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 21 hotels with an
aggregate of 6,509 rooms in nine states and the District of Columbia.
Additional information can be found on the Trust’s website at www.chesapeakelodgingtrust.com.
Copyright Business Wire 2015