Chesapeake To Acquire SF Le Meridien

 SAN FRANCISCO, CA–Chesapeake Lodging Trust has agreed to purchase the 360-room Le Meridien here for $143 million.

The REIT acquired the hotel from HEI Hotels & Resorts, which has owned it since 2007.

Founded in June 2009, Chesapeake Lodging Trust has been an active acquirer lately, agreeing to purchase a Homewood Suites by Hilton in Seattle last month and the Boston Marriott in Newton, MA, in July.