Hotel & Travel Center Real Estate

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June 13, 2019
Hospitality Properties Trust (Nasdaq: HPT) today announced the results of its 2019 Annual Meeting of Shareholders, which was held today. Donna D. Fraiche was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Trustee is as follows: Trustee Percentage of Shares Voted For Donna D. Fraiche 59.0% Adam D. Portnoy was re-elected as a Managing Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Trustee is as follows: Trustee Percentage of Shares Voted For Adam D. Portnoy 57.8%   Shareholders approved a non-binding advisory resolution to approve the compensation of its named executive officers. Proposal Percentage of Shares Voted For Resolution to Approve Executive Compensation 56.3% Shareholders ratified the appointment of Ernst & Young LLP as RMR’s independent auditors to serve for the 2019 fiscal year. The final tabulation of the percentage of shareholders’ votes cast for this proposal is as...
June 3, 2019
High Quality Diversified Portfolio of 774 Service-Oriented Retail Net Lease Properties Enhances HPT’s Cash Flow Stability and Overall Property Level Rent Coverage Expected to Be Accretive to Annualized Normalized FFO per Share in 2020 Conference Call Scheduled for 10:00 a.m. ET Today Hospitality Properties Trust (Nasdaq:HPT) today announced it entered into a definitive agreement to acquire a net lease portfolio from Spirit MTA REIT (NYSE:SMTA) for $2.4 billion in cash, excluding transaction costs. The portfolio consists of 774 service-oriented retail properties net leased to tenants in 22 different industries. The portfolio has a weighted average remaining lease term of 8.6 years, a weighted average property level rent coverage of 2.68x and annual cash rent of $172 million as of March 31, 2019. This acquisition excludes SMTA’s assets leased to certain bankrupt tenants. (1) HPT expects this transaction to be accretive to annualized Normalized Funds From Operations, or FFO, per share in...

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 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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