Hospitality Properties Trust (NYSE: HPT) is a real estate investment trust, or REIT, which owns 305 hotels and owns or leases 194 travel centers located throughout the United States, Canada and Puerto Rico. We do not operate hotels or travel centers. Instead, all of our properties are operated by other companies under long term management or lease agreements. As of March 31, 2016, the largest combination agreement based upon investment includes 94 hotels located in 28 states and the smallest contract includes one hotel with 356 rooms. Our hotels are operated by some of the largest and most experienced hotel management companies in the world, including Marriott International, InterContinental Hotels, Hyatt Corporation, Carlson Hotels Worldwide, Sonesta International Hotels Corporation, Wyndham Hotel Group and Morgans Hotel Group. Our travel centers are operated by TravelCenters of America LLC (NYSE: TA). HPT is managed by the operating subsidiary of The RMR Group Inc. (NASDAQ: RMR) an alternative asset management company that is headquartered in Newton, MA. For more information on The RMR Group, LLC, please visit www.rmrgroup.com
HPT was founded and our shares were listed on the New York Stock Exchange in 1995. We are included in a number of financial indices, including the S&P 400 MidCap Index, the Russell 1000®, the MSCI US REIT Index, S&P REIT Composite Index and the FTSE EPRA/NAREIT United States Index. HPT's debt is investment grade rated (Baa2/BBB-).