Hotel Adagio Receives Multi-million Dollar Transformation

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. July 02, 2012

July 2, 2012 - Maryland-based Chesapeake Lodging Trust (NYSE: CHSP) today announced a multi-million dollar renovation is well underway at the iconic Hotel Adagio San Francisco, located in Union Square, the epicenter of the city's fashion, arts and theatre scene. The transformation, which is slated for completion in July 2012, includes a refurbishment of each of the property's 171 guestrooms, penthouse suites and public spaces, expanded meeting and event space, as well as a newly-concepted restaurant and lobby-level bar.

“San Francisco is one of the top worldwide travel destinations and with our coveted location in Union Square and notable reputation, Hotel Adagio is uniquely positioned to cater to these discerning travelers from around the world,” said Jim Francis, President and CEO of Chesapeake Lodging Trust. “The enhancements taking place will further elevate the property to a level on par with the city's refined style and vitality, as well as grow our local clientele with an exciting new nightlife option.”

The renovation includes a complete interior restyling of the hotel's guestrooms and common areas using a chic, modern design aesthetic, while maintaining the striking, historic Spanish Revival architecture embodied by the exterior façade. The vision, developed by Barbara Parker of Massachusetts-based design firm Parker Torres, features a sophisticated, textured backdrop comprised of warm coffee tones, and punctuated with vibrant pops of color - fresh green and deep grape in the Hotel Adagio's guestrooms, and rich orange and cranberry in the public spaces. Distinctive furniture pieces, extensive woodwork and marble mosaics complete the design.

In addition to guestroom and public area redesign, the project includes a complete renovation and reconcepting of the hotel's onsite restaurant, as well as the existing Bar Adagio. Plans include the update of the current bar space to create a dynamic new neighborhood nightlife option catering to travelers and San Francisco locals alike, with a revamped cocktail menu, communal seating and regular musical entertainment.

In an effort to meet the needs of San Francisco's corporate groups and convention clientele the renovation includes the creation of additional meeting space. The meeting space expansion, coupled with a redesign of the hotel's penthouse level suites will now allow guests to buyout the entire the 16th floor which includes three guestrooms, two luxury suites, two meeting rooms with a wrap-around outdoor terrace featuring stunning San Francisco views. With completion of the project, the property will feature more than 3,000 square feet of meeting space.

About Hotel Adagio
Located in San Francisco's vibrant Union Square cultural district, the iconic Hotel Adagio is perfectly situated to experience the best of San Francisco's fashion, arts and theatre scene. The property combines Spanish Colonial Revival architecture with a clean and contemporary design aesthetic, sophisticated nightlife and impeccable guest service. Amenities include 171 guestrooms, three distinct penthouse-level suites, 3,000 square feet of meeting and event space, lobby-level bar and restaurant. Hotel Adagio, managed by Southern California-based Evolution Hospitality, is located at 550 Geary Street in San Francisco, California. For reservations, please call 800-228-8830 or visit the hotel's website at www.HotelAdagioSF.com.

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 12 hotels with an aggregate of 3,516 rooms in six states and the District of Columbia. Additional information can be found on the Trust's website at www.chesapeakelodgingtrust.com.