Hospitality Properties Trust
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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 some hospitality REITs, HPT invests in hotels but not does control the operations of those properties. Rather, it leases them to operating companies (sometimes former owners). Its hotels target different markets, from upscale (Crowne Plaza Hotels & Resorts) to business and...
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