BNET Industries
Market Cap:$2.6B
Last Fiscal Year Sales:$1.2B
- Public
- US
Dow Jones Description
The Company. We are a real estate investment trust, or REIT, formed in 1995 under the laws of the State of Maryland. As of December 31, 2008, we owned 289 hotels with 42,881 rooms or suites, and 185 travel centers. Our properties are located in 44 states in the United States, Canada and Puerto Rico. Our principal place of business is 400 Centre Street, Newton, Massachusetts 02458, and our telephone number is (617) 964-8389. Our principal external growth strategy is to expand our investments in high quality real estate used in hospitality industries and enter leases and management agreements with qualified operators which generate returns to us that exceed our operating and capital costs. Our principal internal growth strategy is to participate through percentage returns and rents in increases in total sales at our properties, and, under some of our hotel management agreements, increases in the operating income of our properties.
Board of Directors
Barry M. PortnoyNumber of Employees 450
Peer Companies
NAICS Code : 525930
Recent Events
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Hospitality Properties Trust Announces Quarterly Common Dividend
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The Tops in Lodging
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S&P affirms Hospitality Properties Trust at BBB
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Hospitality Properties Trust Declares Preferred Dividend
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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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Hospitality Properties Trust Announces 2009 Third Quarter Results
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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'
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Hospitality Properties Trust Announces 2009 First Quarter Results
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Hospitality Properties Trust Announces 2008 Fourth Quarter Results
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Hospitality Properties Trust Announces 2008 Third Quarter Results
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Inhospitable Value at Hospitality Properties Trust
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Hospitality Properties Trust Announces 2008 Second Quarter Results and a Rent Deferral Agreement with a...
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Hospitality Properties Trust Announces 2008 First Quarter Results
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Hospitality Properties Trust Announces 2007 Fourth Quarter and Annual Results
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Hospitality Properties Trust Announces 2007 Second Quarter Results
News & Analysis
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financial accounting and financial planning 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 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 |
|---|---|
| Gerard M. Martin | Managing Director, Five Star Quality Care |
| Adam D Portnoy | Executive Vice President |
| William J Sheehan | Director of Internal Audit and Compliance |
| John G. Murray | President and Chief Operating Officer |
| Mark L. Kleifges | CFO & Treasurer |
| 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 | Secretary |
| John A. Mannix | Senior Vice President |
| Timothy Bonang | Director of Investor Relations |
| Carlynn Finn | Manager, IR |
| Michael Dimler | Ubs Analyst |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Barry M. Portnoy | Board of Directors |
| Frank J. Bailey | Board of Directors |
| John L Harrington | Board of Directors |
| Arthur G. Koumantzelis | Board of Directors |
| William A Lamkin | Board of Directors |
| Bruce M. Gans | Board of Directors |
| 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. | Co-Founder & Managing Director | Current |
| Hrp | Founder | Current |
| HRPT Properties Trust | Founder | Current |
| Senior Housing Properties Trust | Founder | Current |
| Hospitality Properties Trust | Founder | Former |
| Somerford Corp | Founder | Current |
| Sullivan & Worcester Llp | Partner | Current |
| HRPT Properties Trust | Managing Trustee | Current |
| Government Properties Income Trust | Managing Trustee | Current |
| Hospitality Properties Trust | Board of Directors | Current |
| HRPT Properties Trust | Board of Directors | Current |
| Newseasons Assisted Living Communities, Inc. | Board of Directors | Current |
| Five Star Quality Care, Inc. | Board of Directors | Current |
| The Travel Centers | Board of Directors | Current |
| TravelCenters of America, Inc. | Board of Directors | Current |
| Somerford Corp | Board of Directors | Current |
| Senior Housing Properties Trust | Board of Directors | Current |
| Rmr Funds | Board Member | Current |
| Government Properties Income Trust | Board of Directors | Current |
| Newseasons Assisted Living Communities, Inc. | Founder | Former |
| Five Star Quality Care, Inc. | MD | Former |
| Hospitality Properties Trust | Managing Trustee | 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 |
| Organization | Position | Status |
|---|---|---|
| Rmr Funds | Owner, President, Chief Executive Officer and Director | Current |
| Hospitality Properties Trust | Executive Vice President | Current |
| Senior Housing Properties Trust | Managing Trustee | Current |
| HRPT Properties Trust | Managing Trustee | Current |
| Hospitality Properties Trust | Board of Directors | Current |
| Government Properties Income Trust | Board of Directors | Current |
| Rmr Funds | Board of Directors | Current |
| Senior Housing Properties Trust | Board of Directors | Current |
| Donaldson, Lufkin & Jenrette | Member | Current |
| Rmr Funds | Co-Portfolio Manager | Former |
| Hospitality Properties Trust | Managing Trustee | Former |
| International Finance Corporation | NA | Former |
| ABN AMRO Holding N.V. | Former | |
| 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 |
|---|---|---|
| Sherin and Lodgen Llp | Partner | Current |
| Senior Housing Properties Trust | Chairman | Current |
| Hospitality Properties Trust | Board of Directors | Current |
| Senior Housing Properties Trust | Board of Directors | Former |
| Hospitality Properties Trust | Chairman | Former |
| Sherin and Lodgen Llp | Chairman, Compensation Committee | Former |
Mr. Harrington has been one of our trustees since 1995. Mr. Harrington is Chairman of the Board's Audit 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 |
| Rmr Funds | Chairman | Current |
| Yawkey Foundation | Chairman | Current |
| Hospitality Properties Trust | Chairman | Current |
| Senior Housing Properties Trust | Board of Directors | Current |
| Government Properties Income Trust | Board of Directors | Current |
| Rmr Funds | Board of Directors | Current |
| Hospitality Properties Trust | Board of Directors | Current |
Mr. Koumantzelis has been one of our directors since 2001. Mr. Koumantzelis is Chairman of the Board's Audit Committee. Mr. Koumantzelis has been the President and Chief Executive Officer of Gainesborough Investments LLC, a private investment company, since 1998. Mr. Koumantzelis is also a trustee of a number of privately held trusts and has other business interests.
| Organization | Position | Status |
|---|---|---|
| Five Star Quality Care, Inc. | Chair | Current |
| Hospitality Properties Trust | Board of Directors | Current |
| TravelCenters of America, Inc. | Board of Directors | Current |
| Cumberland Farms, Inc. | Chief Financial Officer | Former |
| Hospitality Properties Trust | Trustee | Former |
| Senior Housing Properties Trust | Trustee | Former |
| Five Star Quality Care, Inc. | Board of Directors | Current |
| Senior Housing Properties Trust | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Omni Hotels Corporation | Vice Chairman | Current |
| HRPT Properties Trust | Director, Internal Audit & Compliance | Current |
| Hospitality Properties Trust | Director of Internal Audit and Compliance | Current |
| Omni Hotels Corporation | Chief Financial Officer | Former |
| Arthur Andersen LLP | Partner | 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 |
| HRPT Properties Trust | Chairman | Current |
| Bancroft Capital | Board of Directors | Current |
| Hospitality Properties Trust | 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 |
| Westmont College | J.D. | Former |
| Hastings College | J.D. | Former |
| University of California, Berkeley | M.B.A. | Former |
| Westmont College | B.A. | Former |
| HRPT Properties Trust | Board of Directors | Current |
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 |
| Organization | Position | Status |
|---|---|---|
| Arthur Andersen LLP | partner | Former |
| Hospitality Properties Trust | CFO & Treasurer | Current |
| 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 |
| Hospitality Properties Trust | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Director of Investor Relations | Current |
| Hospitality Properties Trust | Manager, IR | Former |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Manager, IR | Current |
| Organization | Position | Status |
|---|---|---|
| Hospitality Properties Trust | Ubs Analyst | 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 |
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