Chesapeake Lodging Trust, a specialty REIT planning to acquire upper upscale hotel properties, refiled terms for a smaller IPO on Tuesday. The Fairfield, NJ-based company now plans to raise $150 million by offering 7.5 million shares at $20 per share; it previously expected to offer 12.5 million shares at the same price before postponing its deal on Dec. 8, 2009. Chesapeake, which was founded in 2009 and has no operating history to date, plans to list on the NYSE under the symbol CHSP. J.P. Morgan and Deutsche Bank are the lead underwriters on the deal, which is expected to price this Thursday, Jan. 21.
