Hospitality Properties Trust | Company profile from Hoover's
 
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Hospitality Properties Trust · Newton, MA United States · (NYSE: HPT)

Company Description

400 Centre St.
Newton, MA
02458
United States (Map)
Phone: 617-964-8389
Fax: 617-969-5730
Rankings
  • S&P 400
More Companies in: Newton, Massachusetts
More Companies in These Related Industries: Hotels & MotelsResidential Rental Property
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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 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. To read the full description, subscribe now.

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Key Hospitality Properties Trust Financials

Company TypePublic - NYSE: HPT

Headquarters
Fiscal Year-EndDecember
2008 Employees585

Hospitality Properties Trust Executives

19 executives listed for Hospitality Properties Trust's Newton, MA location.
TitleName & BioContact
President, COO, and Assistant SecretaryJohn MurrayEmail
CFO and TreasurerMark KleifgesEmail
SVPEthan BornsteinEmail

Competition

Competitive Landscape for Hospitality Properties Trust
Business and tourist travel drive demand. Both are affected by the strength of the economy. The profitability of individual companies depends on efficient operations, because many costs are fixed, and on effective marketing. Large companies have advantages in economies of scale in operations, can more easily raise capital, and have strong name recognition. Small companies, such as boutique hotels, can compete effectively in favorable locations and by providing specialty services. A hotel business requires large amounts of capital, but operations are labor-intensive: average annual revenue per employee is around $80,000. To read the full description, subscribe now.
Top Hospitality Properties Trust Competitors
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