May 6, 2019 / 10:09 AM / 3 months ago

Park Hotels to buy Chesapeake Lodging Trust in a $2.7 bln deal

May 6 (Reuters) - U.S. hotel owner Park Hotels & Resorts Inc said on Monday it agreed to buy smaller rival Chesapeake Lodging Trust in a deal valued at $2.7 billion.

The deal is expected to close by early fourth quarter of 2019. (Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

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