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Hospitality Properties Trust is a real estate investment trust, or REIT, which
owns
291 hotels and
185 travel
centers located throughout the United States, Ontario, Canada and Puerto
Rico. We do not operate hotels or travel centers. Instead, all of our
properties are operated by unaffiliated hospitality management companies as
part of
13 combination
management or lease agreements. As of
March 31, 2008, the largest
combination agreement based upon investment includes
144 travel centers located in 40 states and the
smallest combination includes
18 hotels with 2,399 rooms located in five states. 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 and Carlson Hotels Worldwide. Our travel centers are operated
by TravelCenters of
America LLC (AMEX: TA).
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. Also, as of
March 31, 2008, HPT is the only
hotel REIT with investment grade debt ratings (Baa2/BBB).
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