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. Portnoy
Number of Employees 450
Contact Information

400 Centre St

Newton, Massachusetts 02458

hptreit.com

(617) 964-8389

NAICS Code : 525930

Recent Events

  • Hospitality Properties Trust Announces Quarterly Common Dividend

    1/13/10 - Stock Split / Dividend - View Story

  • The Tops in Lodging

    12/28/09 - Bond / Stock Rating - View Story

  • S&P affirms Hospitality Properties Trust at BBB

    12/16/09 - Bond / Stock Rating - View Story

  • Hospitality Properties Trust Declares Preferred Dividend

    12/01/09 - Stock Split / Dividend - View Story

  • Stifel Nicolaus & Co. upgrades Hospitality Properties Trust to 'buy'

    11/25/09 - Bond / Stock Rating - View Story

  • RBC Capital Markets Corp downgrades Hospitality Properties Trust to 'sector perform'

    11/24/09 - Bond / Stock Rating - View Story

  • Hospitality Properties Trust Announces 2009 Third Quarter Results

    11/09/09 - Financial Announcement - View Story

  • Hospitality Properties Trust Announces 2009 Second Quarter Results

    8/06/09 - Financial Announcement - View Story

  • Robert W. Baird & Co. initiates coverage of Hospitality Properties Trust at 'outperform'

    6/29/09 - Bond / Stock Rating - View Story

  • Hospitality Properties Trust Announces 2009 First Quarter Results

    5/11/09 - Financial Announcement - View Story

  • Hospitality Properties Trust Announces 2008 Fourth Quarter Results

    3/02/09 - Financial Announcement - View Story

  • Hospitality Properties Trust Announces 2008 Third Quarter Results

    11/10/08 - Stock Split / Dividend - View Story

  • Inhospitable Value at Hospitality Properties Trust

    9/09/08 - Bond / Stock Rating - View Story

  • Hospitality Properties Trust Announces 2008 Second Quarter Results and a Rent Deferral Agreement with a...

    8/11/08 - Stock Split / Dividend - View Story

  • Hospitality Properties Trust Announces 2008 First Quarter Results

    5/06/08 - Financial Announcement - View Story

  • Hospitality Properties Trust Announces 2007 Fourth Quarter and Annual Results

    2/13/08 - Financial Announcement - View Story

  • Hospitality Properties Trust Announces 2007 Second Quarter Results

    8/01/07 - Financial Announcement - View Story

News & Analysis

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financial accounting and financial planning and hospitality properties trust - All News and Analysis

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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     HPT $23.93 -0.40 (-1.64% )
Average Volume 1,214,970
Shares Outstanding 123.38M
Market Cap 3.0B
Year High 25.08
Year Low 9.04
Earnings Per Share 1.51
P/E Ratio 15.85
Dividend 1.80
Yield 7.52
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