BNET Industries

Market Cap:$2.5B
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. Murray
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 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

  • HPT Posts Net Gains For 2nd Consecutive Quarter

    11/10/09 - Financial Announcement - View Story

  • Hospitality Properties Trust announces USD0.4375 distribution on preferred shares

    10/02/09 - Stock Split / Dividend - 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

News & Analysis

hospitality properties trust and seeking alpha - All News and Analysis

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

  • HRPT Properties Trust Announces Results for the Periods Ended June 30, 2009

    Business Wire - 8/10/09 - View Story

  • Government Properties Income Trust Announces Results for the Periods Ended June 30, 2009

    RBC Dain Raushcer - 8/10/09 - View Story

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     HPT $20.97 +1.09 (5.48% )
Average Volume 1,831,380
Shares Outstanding 123.38M
Market Cap 2.6B
Year High 21.82
Year Low 8.53
Earnings Per Share 1.88
P/E Ratio 11.15
Dividend 3.08
Yield 14.69
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