Hospitality Properties Trust

Type: Public
On the web: http://www.hptreit.com
Employees: 585
Employee growth: 17.0%

Hospitality Properties Trust (HPT) rolls out the welcome mat for the road-weary. The real estate investment trust (REIT) owns nearly 300 hotels throughout the US and in Canada and Puerto Rico, as well as 185 full-service truck stops operating as TravelCenters of America and Petro Stopping Centers. Unlike other hospitality REITs, HPT invests in hotels but not does control the operations of those properties. Rather, it leases them to operating companies (usually former owners). Its hotels target different markets, from upscale (Crowne Plaza Hotels & Resorts) to business and family travelers (Residence Inn by Marriott). Also unlike some hospitality REITs, HPT is not affiliated with any one branded hotel company.

Key numbers for fiscal year ending December, 2008:
Sales: $1,252.7M
One year growth: (2.2%)
Net income: $134.0M
Income growth: (59.5%)

Officers:
Managing Trustee: Barry M. Portnoy
Managing Trustee: Adam D. Portnoy
President, COO, and Assistant Secretary: John G. Murray

Competitors:
FelCor
Hersha Hospitality
Host Hotels & Resorts

On drawings, abbr. for “high point.”