As a real estate investment trust (REIT) focused on the hospitality industry, Chesapeake Lodging Trust targets upper-upscale hotels located in major US business centers and popular convention markets. The company owns 22 hotels with a total of nearly 6,700 rooms in nine US states and Washington, DC. Southern California is a major market for the company. Chesapeake Lodging's properties operate under several major brands, including Hyatt, Marriott, and W Hotels. In evaluating properties for purchase, the company considers rebranding and renovation options. Formed in mid-2009, Chesapeake Lodging Trust went public in 2010.