BNET Industries
Market Cap:$2.3B
Last Fiscal Year Sales:$1.2B
- Public
- US
Dow Jones Description
Hospitality Properties Trust is a real estate investment trust, or REIT, which owns 289 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, 2009, the largest combination agreement based upon investment includes 145 travel centers located in 40 states and the smallest combination includes 11 hotels with 2,096 rooms located in eight 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 (NYSE 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, 2009, HPT is the only hotel REIT with investment grade debt ratings (Baa2/BBB).
President and Chief Operating Officer
John G. MurrayNumber of Employees 450
Peer Companies
NAICS Code : 525930
Recent Events
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Stifel Nicolaus & Co. upgrades Hospitality Properties Trust to 'buy'
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RBC Capital Markets Corp downgrades Hospitality Properties Trust to 'sector perform'
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HPT Posts Net Gains For 2nd Consecutive Quarter
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Hospitality Properties Trust announces USD0.4375 distribution on preferred shares
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Hospitality Properties Trust Declares Preferred Dividend
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Hospitality Properties Trust Announces 2009 Second Quarter Results
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Robert W. Baird & Co. initiates coverage of Hospitality Properties Trust at 'outperform'
News & Analysis
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earnings and hospitality properties trust - All News and Analysis
Hospitality Properties Trust Q3 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions The first question comes from David Loeb – Robert W. Baird & Company David Loeb - Robert W. Baird & Company Mark, you mentioned tax planning that could affect the amount of dividend. Can you give us just a little bit of an...
Hospitality Properties Trust Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions And we will our next question from Jeff Donnelly with Wells Fargo. Jeff Donnelly – Wells Fargo Actually, just want to stick with that comment that you made before, Mark, on the dividend. I'm curious, after the common equity issuance; did the Board at least...
Hospitality Properties Trust Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Michael Salinsky - RBC Capital Market. Michael Salinsky - RBC Capital Market John, you gave a sense of that performance during the quarter. Can you give us a sense of how April trends were relative to the quarter and also...
Hospitality Properties Trust Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions And our first question is from Nap Overton, Morgan Keegan. Nap Overton – Morgan Keegan Good morning. So on one specific portfolio, the Marriott No. 2, has Residence Inns, that I believe expires at the end of 2010 and you’ve received notice that that will...
Hospitality Properties Trust Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Our first question is from Michael Salinsky with RBC Capital Markets. Michael Salinsky - RBC Capital Markets Good morning. Mark, could you touch on your capital spending plans, the full year plans for this year and maybe your initial thoughts about 2009 at this...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| John G. Murray | President and Chief Operating Officer |
| Mark L. Kleifges | CFO & Treasurer |
| Adam D Portnoy | Executive Vice President |
| David J. Hegarty | Secretary & Executive Vice President |
| Bruce J. Mackey | Senior Vice President |
| David M. Lepore | Senior Vice President |
| Ethan S. Bornstein | Senior Vice President |
| Evrett W. Benton | Senior Vice President |
| Jennifer B. Clark | Senior Vice President, HRPT Properties Trust |
| John A. Mannix | Senior Vice President |
| Barry M. Portnoy | Managing Director of Ta |
| Gerard M. Martin | Managing Director, Five Star Quality Care |
| William J Sheehan | Director of Internal Audit and Compliance |
| Carlynn Finn | Manager, IR |
| Timothy Bonang | Manager, IR |
| Michael Dimler | Ubs Analyst |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| John L Harrington | Chairman |
| Bruce M. Gans | Board of Directors |
| Frank J. Bailey | Board of Directors |
| William A Lamkin | Board of Directors |
Mr. Murray has been our President and Chief Operating Office since 1996. Mr. Murray was our Treasurer and Chief Financial Officer from the time we completed our initial public offering in 1995 until he became our President in 1996. Mr. Murray oversees all of HPT's property acquisition and disposition activities. Mr. Murray has held various positions with affiliates of HPT since 1993. Mr. Murray is on Marriott International's Owner Advisory Council, InterContinental Hotel Group's Candlewood Franchise Committee and is a member of the Urban Land Institute Hotel Development Council.
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | President and Chief Operating Officer | Current |
Mr. Kleifges has been our Treasurer and Chief Financial Officer since 2002. Mr. Kleifges oversees all of HPT's accounting and financial reporting activities. Mr. Kleifges is a certified public accountant and prior to 2002 was a partner in the Real Estate and Hospitality Services Group of Arthur Andersen LLP.
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | CFO & Treasurer | Current |
Mr. Portnoy has served as one of our Managing Trustees since 2007. Mr. Portnoy also serves on the Board of two of our affiliated companies: HRPT Properties Trust and Senior Housing Properties Trust. Mr. Portnoy has held positions as a banker and venture capitalist with the International Finance Corp., a member of the World Bank Group, ABN AMRO and Donaldson Lufkin and Jenrette.
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Executive Vice President | Current |
| Senior Housing Properties Trust | Managing Trustee | Current |
| HRPT Properties Trust | Managing Trustee | Current |
| Senior Housing Properties Trust | Board of Directors | Current |
| Hospitality Properties Trust | Board of Directors | Current |
| HRPT Properties Trust | Board of Directors | Current |
| Donaldson, Lufkin & Jenrette | Member | Current |
| HRPT Properties Trust | Executive Vice President of the Company | Former |
| International Finance Corporation | NA | Former |
| Hospitality Properties Trust | Managing Trustee | Current |
| The World Bank Group | Board of Directors | Former |
| ABN AMRO Incorporated | Board of Directors | Former |
| International Finance Corporation | Venture Capitalist | Former |
| ABN AMRO Incorporated | Member | Former |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Secretary & Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Senior Vice President | Current |
Ethan S. Bornstein Senior Vice President Mr. Bornstein has been our Senior Vice President since 2007 and was previously a Vice President of HPT since 1999. Mr. Bornstein oversees all our asset management activities for our hotels. Mr. Bornstein has held various positions with affiliates of HPT since 1997. Mr. Bornstein is a member of the Hotel Asset Manager's Association and the Urban Land Institute.
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Senior Vice President | Current |
| Hospitality Properties Trust | Board of Directors | Current |
| Urban Land Institute | Board of Directors | Current |
| Urban Land Institute | Member | Current |
| Hospitality Properties Trust | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Senior Vice President | Current |
Jennifer B. Clark Secretary Ms. Clark has been our Secretary since 2008. Ms. Clark supervises legal affairs affecting HPT. Previously she was Senior Vice President from 1999 to 2008. Prior to 1999, Ms. Clark was a Partner at the law firm of Sullivan & Worcester LLP.
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Senior Vice President, HRPT Properties Trust | Current |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Rmr Funds | Owner, Director and Vice President | Current |
| Newseasons Assisted Living Communities, Inc. | Managing Director | Current |
| Hospitality Properties Trust | Managing Director of Ta | Current |
| Somerford Corp | Managing Director | Current |
| Five Star Quality Care, Inc. | Managing Director | Current |
| Five Star Quality Care, Inc. | Co-Founder & Managing Director | Current |
| Five Star Quality Care, Inc. | Founder | Current |
| Senior Housing Properties Trust | Founder | Current |
| HRPT Properties Trust | Founder | Current |
| Hrp | Founder | Current |
| Somerford Corp | Founder | Current |
| Sullivan & Worcester Llp | Partner | Current |
| HRPT Properties Trust | Managing Trustee | Current |
| Hospitality Properties Trust | Managing Trustee | Current |
| Somerford Corp | Board of Directors | Current |
| Rmr Funds | Board Member | Current |
| TravelCenters of America, Inc. | Board of Directors | Current |
| Senior Housing Properties Trust | Board of Directors | Current |
| Five Star Quality Care, Inc. | Board of Directors | Current |
| HRPT Properties Trust | Board of Directors | Current |
| Hospitality Properties Trust | Board of Directors | Current |
| Five Star Quality Care, Inc. | Board of Directors | Current |
| Newseasons Assisted Living Communities, Inc. | Board of Directors | Current |
| Newseasons Assisted Living Communities, Inc. | Founder | Former |
| Five Star Quality Care, Inc. | MD | Former |
| Senior Housing Properties Trust | Managing Trustee | Former |
| Sullivan & Worcester Llp | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Rmr Funds | Director and Vice President | Current |
| Five Star Quality Care, Inc. | Co-Founder & Managing Director | Current |
| Hospitality Properties Trust | Managing Director, Five Star Quality Care | Current |
| Five Star Quality Care, Inc. | Managing Director | Current |
| Senior Housing Properties Trust | Founder | Current |
| Five Star Quality Care, Inc. | Co-Founder | Current |
| Senior Housing Properties Trust | Board Member | Current |
| Five Star Quality Care, Inc. | Board of Directors | Current |
| Five Star Quality Care, Inc. | Board of Directors | Current |
| Rmr Funds | Board Member | Current |
| Five Star Quality Care, Inc. | MD | Former |
| Rmr Funds | Senior Housing Properties Trust | Former |
| Hospitality Properties Trust | Board of Directors | Former |
| HRPT Properties Trust | Board of Directors | Former |
Array
| Organization | Position | Status |
|---|---|---|
| Omni Hotels Corporation | Vice Chairman | Current |
| Omni Hotels Corporation | Chief Financial Officer | Former |
| Arthur Andersen LLP | Partner | Former |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Manager, IR | Current |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Manager, IR | Current |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Ubs Analyst | Current |
Mr. Harrington has been one of our trustees since 1999. Mr. Harrington is Chairman of the Board's Nominating and Governance Committee. Mr. Harrington was the CEO of the Boston Red Sox Baseball Club until 2002, and is currently the Executive Director and Chairman of the Yawkey Foundation and a trustee of the JRY Trust. Mr. Harrington is a certified public accountant.
| Organization | Position | Status |
|---|---|---|
| Yawkey Foundation | Executive Director | Current |
| Yawkey Foundation | Chairman | Current |
| Hospitality Properties Trust | Chairman | Current |
| Senior Housing Properties Trust | Board of Directors | Current |
| Hospitality Properties Trust | Board of Directors | Current |
Dr. Gans has served as one of our directors since 2009. Dr. Gans serves on the Audit, Compensation, and Nominating and Governance Committees of our Board of Trustees. Dr. Gans has been Chief Medical Officer at the Kessler Institute for Rehabilitation since June 2001. He is also a Professor of Physical Medicine and Rehabilitation at University of Medicine and Dentistry of New Jersey -New Jersey Medical School.
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Sherin and Lodgen Llp | Partner | Current |
| Senior Housing Properties Trust | Chairman | Current |
| Senior Housing Properties Trust | Board of Directors | Former |
| Hospitality Properties Trust | Chairman | Former |
| Sherin and Lodgen Llp | Chairman, Compensation Committee | Former |
Before founding Ackrell Capital, Bill was a Senior Vice President in ABN AMRO's U.S. Technology Investment Banking Group in San Francisco. Bill directed ABN AMRO's investment banking efforts for the semiconductor and semiconductor equipment sectors. Prior to joining ABN, Bill held technology investment banking positions at major Wall Street investment banks, including Donaldson, Lufkin & Jenrette, PaineWebber and Kidder Peabody. Prior to his career in technology investment banking, Bill practiced corporate law in San Francisco, California. Bill holds a J.D. from the University of California's Hastings College of the Law, a M.B.A from the University of California, Berkeley's Haas School of Business, and a B.A. from Westmont College. Bill is a member of the State Bar of California.
| Organization | Position | Status |
|---|---|---|
| Ackrell & Company | Founder | Current |
| Ackrell & Company | Managing Partner | Current |
| Bancroft Capital | Partner | Current |
| Hospitality Properties Trust | Board of Directors | Current |
| Bancroft Capital | Board of Directors | Current |
| ABN AMRO Incorporated | Senior Vice President | Former |
| Kidder, Peabody & Co. | Former | |
| Hospitality Properties Trust | Chairman, Nominating and Governance Committee | Former |
| University of California | J.D. | Former |
| Hastings College | J.D. | Former |
| University of California, Berkeley | M.B.A. | Former |
| Westmont College | B.A. | Former |
Executive News
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HRPT Properties Trust Announces Results for the Periods Ended June 30, 2009
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Government Properties Income Trust Announces Results for the Periods Ended June 30, 2009


