Profile: Hospitality Properties Trust (HPT.O)
28 Apr 2017
Hospitality Properties Trust, incorporated on May 12, 1995, is a real estate investment trust. The Company's segments include hotel investments, travel center investments and corporate. As of December 31, 2016, the Company owned 306 hotels with 46,583 rooms or suites, and 198 travel centers. As of December 31, 2016, the Company's properties were located in 45 states in the United States, Canada and Puerto Rico. As of December 31, 2016, the Company's hotels were operated as Courtyard by Marriott, Royal Sonesta, Sonesta Hotels & Resorts, Candlewood Suites, Residence Inn by Marriott, Sonesta ES Suites, Crowne Plaza Hotels & Resorts, Staybridge Suites, Hyatt Place, Wyndham Grand, Wyndham Hotels & Resorts, InterContinental Hotels & Resorts, Marriott Hotels and Resorts, the Clift Hotel, Radisson Hotels & Resorts, Kimpton Hotels & Restaurants, TownePlace Suites by Marriott, Hawthorn Suites, Country Inns & Suites by Carlson, Holiday Inn Hotels & Resorts, SpringHill Suites by Marriott, and Park Plaza Hotels & Resorts.
The Company's Courtyard by Marriott hotels contain between 108 and 296 guest rooms. Courtyard by Marriott hotels generally have a market offering round the clock snacks and beverages; a restaurant and lounge offering meal service, grab and go, and Starbucks coffee; meeting rooms; business services; a fitness center, and guest laundry. Royal Sonesta and Sonesta Hotels & Resorts hotels offer accommodations to business and leisure travelers. The Company's Royal Sonesta and Sonesta Hotels & Resorts hotels contain between 203 and 485 guest rooms. Royal Sonesta and Sonesta Hotels & Resorts hotels have amenities, such as ballroom/meeting space ranging from 10,000 to 50,000 square feet, business center, fitness center and concierge services, in room dining and complimentary wireless fidelity (Wi-Fi). Candlewood Suites hotels are extended stay hotels offering studio and one bedroom suites. Candlewood Suites hotels contain between 81 and 276 suites. Each Candlewood Suites suite contains a kitchen, a combination living and work space, and a sleeping area. The Company's Residence Inn by Marriott hotels have between 102 and 231 studio, and one bedroom and two bedroom suites. Sonesta ES Suites offer residence-style suites, including oversized studio, and one and two bedroom suites. Sonesta ES Suites contain between 80 and 208 suites.
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 services and amenities, including guest rooms with work space, a range of business services, concierge services, dining choices, fitness facilities and meeting capabilities. Staybridge Suites are extended stay hotels that offer residential style studio, and one or two bedroom suites for business, governmental, relocation and family travelers. Staybridge Suites hotels contain between 92 and 150 suites. Its Hyatt Place hotels are located in urban, suburban and airport locations. Hyatt Place hotels contain between 98 and 134 rooms. Hyatt Place suites typically include bedding, a wet bar, granite counters, a sectional sofa, complimentary Wi-Fi and a media center with a screen high definition plasma television. Wyndham Hotels & Resorts and Wyndham Grand hotels are properties located in business and vacation destinations. Wyndham branded hotels contain between 219 to 344 rooms with between 7,500 to 27,000 square feet of meeting space. Its InterContinental Hotels & Resorts hotels contain between 190 and 402 rooms. InterContinental Hotels & Resorts hotels have various amenities, such as a range of personal and business services, along with restaurants, cocktail lounges, pools, saunas, meeting space, and health/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, and include amenities, such as a range of personal and business services, as well as Wi-Fi enabled lobbies, a choice of restaurants, room service, cocktail lounges, business centers, concierge floors, pools, and health/fitness centers. The Clift Hotel is a hotel located within the Union Square district of San Francisco, California. As of December 31, 2016, the Clift Hotel featured 7,700 square feet of meeting space, the Redwood Room bar, a fitness center, a business center and valet parking. Radisson Hotels & Resorts is a hotel brand that serves both the business and leisure traveler. Radisson Hotels & Resorts hotels offer various amenities and services, such as Sleep Number beds, desks, complimentary Wi-Fi, a restaurant, room service and a pre-arrival online check in system. Radisson Hotels & Resorts hotels contain between 159 and 381 guest rooms. Kimpton Hotels & Restaurants is a boutique hotel brand that offers a stay and a personalized experience for both business and leisure travelers in the urban and resort areas in which they are located. Kimpton Hotel public areas offer amenities and services that include restaurants based on local cuisine, meeting and banquet space, evening Wine Hour, complimentary coffee and tea, complimentary Wi-Fi for reward program members, room service, business centers and fitness centers. TownePlace Suites by Marriott are extended stay hotels offering studio, and one or two bedroom suites for business and leisure travelers. TownePlace Suites hotels contain between 94 and 141 suites.
The Company's Hawthorn Suites hotels have between 76 and 141 studio and one bedroom suites. Hawthorn Suites hotels offer a fitness center, guest laundry facilities, free hot breakfast and an evening hospitality hour. Country Inns & Suites by Carlson hotels contain between 84 and 180 rooms, and include amenities and services, such as rooms with microwaves and refrigerators, breakfast selection and complimentary Wi-Fi. Holiday Inn hotels contain between 190 and 300 rooms. Holiday Inn brand's guest room offers a work desk, complimentary Wi-Fi, a business center and in room coffee service. SpringHill Suites by Marriott are hotels for business and family travelers. As of December 31, 2016, its two SpringHill Suites hotels contained 114 and 150 rooms, respectively. The Park Plaza Hotels & Resorts hotels offer amenities and services, such as guest rooms with work areas, complimentary Wi-Fi, room service and a restaurant. As of December 31, 2016, it owned 198 travel centers, all of which it leases to TravelCenters of America LLC or its subsidiaries (TA) pursuant to long term leases; 149 of its travel centers are operated under the TravelCenters of America (TA) brand names and 49 are operated under the Petro Stopping Centers (Petro) brand name. Its travel centers are sites located on or near an interstate highway and offer fuel and non-fuel products and services.
The Company competes with Pilot Flying J Inc. and Love's Travel Stops & Country Stores.
Hospitality Properties Trust
255 Washington St Ste 300
NEWTON MA 02458-1634
Company Web Links
- BRIEF-Hospitality Properties Trust raises quarterly dividend
- BRIEF-Hospitality properties trust reports Q4 adjusted FFO per share $0.57
- BRIEF-Hospitality Properties Trust announces notification for repurchase of 3.80% convertible senior notes at option of holders
- BRIEF-Hospitality Properties Trust prices $600 mln of unsecured senior notes
- BRIEF-Hospitality Properties says incentive management fee payable under business management agreement with RMR Group is $52.4 mln