Chesapeake Lodging looks to raise $144.2M through secondary offering

Chesapeake Lodging Trust, an Annapolis-based owner of hotels, will sell 7.25 million shares in a stock offering, the company said. The size of the offering is up from the 6.25 million-share offering the real estate investment trust announced Thursday.

Chesapeake (NYSE: CHSP) said it expects to raise $144.2 million from the larger offering. It plans to use to the proceeds to repay borrowings under an existing credit facility, to buy more hotels and for other corporate purposes.

The company on Thursday…