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May 10, 2019
First Quarter Net Income of $1.37 Per Common Share First Quarter Normalized FFO of $0.88 Per Common Share Hospitality Properties Trust (Nasdaq: HPT) today announced its financial results for the quarter ended March 31, 2019: Three Months Ended March 31, 2019     2018 ($ in thousands, except per share and RevPAR data)   Net income $ 225,787 $ 80,206 Net income per common share $ 1.37 $ 0.49 Adjusted EBITDAre(1) $ 195,901 $ 202,956 Normalized FFO (1) $ 144,640 $ 154,868 Normalized FFO per common share (1) $ 0.88 $ 0.94   Portfolio Performance Comparable hotel RevPAR $ 87.02 $ 89.91 Change in comparable hotel RevPAR (3.2 %) — RevPAR (all hotels) $ 87.77 $ 90.62 Change in RevPAR (all hotels) (3.1 %) — Coverage of HPT’s minimum returns and rents for hotels 0.71 x 0.82x Coverage of HPT's minimum rents for travel centers 1.71 x 1.74x (1) Additional information and reconciliations of net income determined in accordance with U.S. generally accepted accounting principles, or GAAP, to certain...
May 7, 2019
Hospitality Properties Trust (Nasdaq: HPT) today announced it has completed the purchase of the 198-room Crowne Plaza Milwaukee West in Milwaukee, WI for $30.0 million, or approximately $151,500 per key. The hotel will be added to HPT’s existing agreement with Intercontinental Hotels Group. “The Crowne Plaza Milwaukee West is ideally located in an economically vibrant suburban community just west of downtown,” said John Murray, Hospitality Properties Trust’s President and Chief Executive Officer. “Built in 2008, this full service hotel is supported by strong demand generators from the area’s healthcare, technology and industrial sectors and surrounded by some of Milwaukee’s largest employers. Today’s acquisition supports our relationship driven strategy to invest in hotels located in diverse markets with steady demand drivers.” 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,...

Hotel Brands

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Travel Center Brands

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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 www.sec.gov 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.

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