Chesapeake Lodging Trust Announces Promotion of D. Rick Adams to Chief Operating Officer
March 18 2015 - 4:30PM
Business Wire
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.
Chesapeake Lodging TrustDouglas W. Vicari, 410-972-4142
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