Profile: Hospitality Properties Trust (HPT)
7 Mar 2014
Hospitality Properties Trust (HPT), incorporated on May 12, 1995, is a real estate investment trust (REIT). As of December 31, 2012, the Company owned or leased 289 hotels with 43,404 rooms or suites, and 185 travel centers. The Company operates in two segments: hotel real estate investments and travel center real estate investments. As of December 31, 2012, the Company's hotels were operated as Courtyard by Marriott, Candlewood Suites, Staybridge Suites, Residence Inn by Marriott, Crowne Plaza Hotels & Resorts, Hawthorn Suites, Hyatt Place, InterContinental Hotels & Resorts, Marriott Hotels and Resorts, Radisson Hotels & Resorts, Royal Sonesta, Sonesta, Sonesta ES Suites, TownePlace Suites by Marriott, Country Inns & Suites by Carlson, Holiday Inn Hotels & Resorts, SpringHill Suites by Marriott, Park Plaza Hotels & Resorts, Wyndham Hotels & Resorts, and the Clift Hotel. As of December 31, 2012, the Company owned 185 travel centers.
Courtyard by Marriott hotels are designed to attract both business and leisure travelers. The Company's Courtyard by Marriott hotels contain between 108 and 296 guest rooms. The Courtyard by Marriott brand is evolving to include upgraded public space, technology and new food & beverage offerings through the Bistro at Courtyard. The hotels generally have a market offering 24 hour snacks & beverages, a restaurant and lounge offering meal service, grab and go, and Starbucks coffee, meeting rooms, business services, a fitness center and guest laundry. The guest rooms are similar in size and furnishings to guest rooms in full service Marriott hotels with plush bedding, stylish bathrooms and a flexible workspace area. Each guest room also offers free Internet.
Candlewood Suites hotels are mid-priced extended stay hotels, which offer studio and one bedroom suites. The hotels are designed for corporate, industrial and government markets appealing to travelers involved in long-term engagements such as temporary work assignments, projects, training programs or government business. The Company's Candlewood Suites contain 81 to 276 suites. Each Candlewood Suites suite contains a fully equipped kitchen, a combination living and work space and a sleeping area. Residence Inn by Marriott hotels are designed to provide business, governmental and family travelers with all the comforts of home while on long-term trips. The Company's Residence Inn by Marriott hotels have between 102 and 231 studio, one bedroom and two bedroom suites. Most Residence Inn by Marriott hotels are designed as residential style buildings with landscaped walkways, courtyards and recreational areas. Residence Inn by Marriott hotels does not have restaurants; however, each hotel has a 24 hour market. All offer a complimentary breakfast and a complimentary evening hospitality hour.
Staybridge Suites are upscale extended stay hotels that offer residential style studio and one or two bedroom suites for business, governmental, relocation and family travelers. The Company's Staybridge Suites hotels contain between 92 and 150 suites. Each suite offers a fully equipped kitchen, living space, well-lit workspace and complimentary Internet access. Other amenities include a Great Room lobby that offers a free breakfast buffet and evening receptions mid-week, an onsite convenience store, complimentary guest laundry, fitness center and round the clock business center coupled with an outdoor area that includes a sport court and a barbeque area. Royal Sonesta and Sonesta hotels offer service accommodations to business and leisure travelers. Royal Sonesta hotels are luxury hotels located in cities and offer luxury amenities and services coupled with signature restaurant and lounge areas. Sonesta hotels are service upscale hotels that are located in urban and resort locations offering meeting facilities and restaurants. The Company's Royal Sonesta and Sonesta hotels contain between 195 and 485 guest rooms.
Hyatt Place hotels are all suite upscale hotels offering casual hospitality in a well designed, high tech and contemporary environment catering to the multi-tasking business traveler, as well as to families. Hyatt Place properties are also suitable for small corporate/executive group meetings. Hyatt Place hotels are located in urban, suburban and airport locations. The Company's Hyatt Place hotels contain between 98 and 134 rooms. Crowne Plaza Hotels & Resorts has a particular focus on small to medium sized meeting accommodations and related services. The Company's Crowne Plaza Hotels & Resorts hotels contain between 304 and 613 rooms and between 5,000 and 25,000 square feet of meeting and banquet space. The Crowne Plaza Hotels & Resorts brand offers a range of premium services and amenities, including fully-appointed guest rooms with ample work space, a full complement of business services, concierge services, dining choices, quality fitness facilities and meeting capabilities.
InterContinental Hotels & Resorts are luxury hotels that blend consistent global standards with the distinctive cultural features associated with their separate locations in an effort to deliver authentic guest experiences. The Company's InterContinental Hotels & Resorts hotels contain between 189 and 402 rooms. InterContinental Hotels & Resorts hotels offers levels of service for business and leisure guests seeking a luxury hotel experience. Sonesta ES Suites offers apartment-like suites, including studio, one and two bedroom suites. This brand caters to both the extended stay business traveler and the family oriented leisure traveler. The Company's Sonesta ES Suites contain between 93 and 150 suites. Wyndham Hotels & Resorts and Wyndham Grand hotels are service properties located in business and vacation destinations. The hotels offer the comfort and amenities a hotel guest would expect, including well appointed public areas, guestrooms and dining options. Business locations feature meeting space flexible for large and small meetings, as well as business centers and fitness centers.
The Company's Marriott Hotels and Resorts hotels contain between 356 and 392 rooms. The Company's Marriott Hotels and Resorts hotels have between 20,000 to 25,000 square feet of meeting and banquet space. Amenities include a range of personal and business services in addition to Wireless Fidelity (Wi-Fi) enabled lobbies, a choice of restaurants, room service, cocktail lounges, business centers, concierge floors, pools, and health/fitness centers. Radisson Hotels & Resorts is an upscale service hotel brand that serves both the business and leisure traveler. Amenities and services often include Sleep Number beds, large desks, free high speed internet access, a restaurant, room service and a pre-arrival online check in system. The Company's Radisson Hotels & Resorts hotels contain between 159 and 381 guest rooms. The Clift Hotel is a luxury hotel with 372 rooms located within the Union Square district of San Francisco, CA. The Company's Country Inns & Suites by Carlson hotels contain between 84 and 180 rooms. Amenities and services at these hotels generally include spacious, well equipped rooms, a free hot, expansive breakfast selection and Internet access.
The Company's Hawthorn Suites has between 78 and 143 studio and one bedroom suites. Each guest room offers an equipped kitchen, a work space, free cable television and free Internet access. Hawthorn Suites hotels offer a convenient round the clock store, a fitness center, guest laundry facilities, free hot breakfast and an evening hospitality hour. Park Plaza Hotels & Resorts is in the mid-priced segment of the service hotel category targeting both business and leisure guests. Amenities and services available at this hotel include well appointed guest rooms with large work areas, free Internet access, room service and a restaurant.
Travel Center Properties
The Company's travel center includes over 25 acres of land with parking for 189 tractor trailers and 100 cars; a full service restaurant and one or more quick service restaurants, which are operated under nationally recognized brands; a truck repair facility and parts store; multiple diesel and gasoline fueling points, including diesel exhaust fluid at the diesel lanes; a travel and convenience store; and a game room, lounge, private showers and other amenities for professional truck drivers and motorists. The physical layout of the Company's travel centers varies from property to property. Many of the Company's TA branded properties has one building with separate service areas, while many of its Petro branded properties have several separate buildings. According to TA 171 TA and 72 Petro sites were open and operating in the United States and Canada as of December 31, 2012.
Hospitality Properties Trust
Two Newton Place, 255 Washington
NEWTON MA 02458-1634