The Americas region ended February with a 5.1-percent increase in occupancy to 56.2 percent, average daily rate was up 1.9 percent to US$102.19, and revenue per available room rose 7.1 percent for the month to US$57.48.
In year-over-year comparisons, occupancy increased 6.5 percent to 49.8 percent, average daily rate was up 2.6 percent to US$96.39, and revenue per available room finished the week up 9.3 percent to US$47.99.
Chesapeake Lodging Trust (NYSE:CHSP) announced today that it has closed on the previously announced acquisition of the 188-room Hilton Checkers Los Angeles hotel located in Los Angeles, California for a purchase price of $46 million, or approximately $245,000 per key.