Chesapeake Lodging Trust has closed on a $95 million fixed-rate mortgage loan for the 498-room Hyatt Regency Boston.

The five-year loan was provided by Goldman Sachs Commercial Mortgage Capital L.P., and carries a fixed interest rate of 5 percent per annum, with principal and interest based on a 30-year amortization.

Proceeds from the loan will be used to repay outstanding borrowings under the company’s revolving credit facility and for general business purposes, including funding future acquisitions.

"We are very pleased to have secured this long-term fixed financing at attractive pricing and value relative to our basis in the Hyatt Regency Boston," said Douglas W. Vicari, Chesapeake’s chief financial officer. "The financing allows us to prudently leverage our company in line with our stated objectives as we continue to take advantage of acquisition opportunities."