Hotel & Travel Center Real Estate

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September 10, 2019
Hospitality Properties Trust (Nasdaq: HPT) today announced that it has priced underwritten public offerings of $825 million aggregate principal amount of 4.350% unsecured senior notes due 2024, $450 million aggregate principal amount of 4.750% unsecured senior notes due 2026 and $425 million aggregate principal amount of 4.950% unsecured senior notes due 2029. The settlement of the offerings is expected to occur on September 18, 2019, subject to the satisfaction of customary closing conditions. HPT expects to use the net proceeds from these offerings to finance, in part, its previously announced transaction with Spirit MTA REIT (NYSE: SMTA). Pending the consummation of the SMTA transaction and the use of proceeds described in the prior sentence, HPT may repay future amounts outstanding under its revolving credit facility or use the net proceeds for general business purposes, or HPT may invest the net proceeds in short term investments. The joint book-running managers for these...
September 4, 2019
Transaction is Scheduled to Close on September 20, 2019 Hospitality Properties Trust (Nasdaq: HPT) today announced that Spirit MTA REIT (NYSE: SMTA) shareholders approved the previously announced sale of assets to HPT for $2.4 billion. HPT expects the transaction to close on September 20, 2019, subject to the completion of customary closing conditions. Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, Washington, DC, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts. WARNING REGARDING FORWARD-LOOKING STATEMENTS This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995...

Hotel Brands

candlewood Suites logo Country Inn and Suites logo Courtyard logo Crowne Plaza logo hawthorn Suites By Wyndham logo holiday Inn Hotel sand Resorts logo hyatt Place logo intercontinental hotels resorts logo kimpton logo marriott Hotels and Resorts logo park Plaza Hotel and Resorts logo radisson Hotels and Resorts logo Residence Inn Marriott logo royal Sonesta Hotel logo sonesta Collection Hotels Resorts Suites logo sonesta ESSuites logo Spring Hill Suites logo Staybridge logo Towne Place Suites Marriott logo wyndham Hotels and resorts logo

Travel Center Brands

petro Stopping Centers logo travel Centers of America logo

Cautionary Language

The information appearing on HPT’s website includes statements which constitute forward looking statements. These forward looking statements are based upon HPT’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. HPT’s actual results may differ materially from those contained in HPT’s forward looking statements. The information contained in HPT’s filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in HPT’s periodic reports and other filings, identifies important factors that could cause HPT’s actual results to differ materially from those stated in HPT’s forward looking statements. HPT’s filings with the SEC are available on the SEC’s website at and are also accessible on HPT’s website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements.

The documents provided in this archived section are provided for historical purposes only. The information contained in each document is accurate only as of the date each document was originally issued or such earlier date stated in those documents. Except as required by law, Hospitality Properties Trust does not undertake any obligation to update any information contained in these documents. For current information about the company, please refer to our most recent public SEC Filings.