hospitality properties trust
Hospitality Properties Trust Opens Radisson Hotel Sunnyvale -Silicon Valley Following Multimillion Dollar Renovation
Radisson | August 5, 2019
August 5, 2019 -- Radisson, one of the best-recognized hotel brands, announced today the opening of Radisson Hotel Sunnyvale -Silicon Valley. The hotel, previously a Country Inn & Suites by Radisson, underwent an extensive renovation to join the Radisson portfolio.It is now the only newly renovated full-service hotel in the city of Sunnyvale. Guests can now enjoy a contemporary look and feel featuring the new Radisson design, focusing on providing a comfortable and natural environment and creating experiences that center around social spaces. The renovations include a lobby transformation with stylish furnishings, updated guest rooms, m...
Hospitality Properties Trust Acquires Wisconsin’s Crowne Plaza Milwaukee West for $30 Million
May 8, 2019
NEWTON, Mass. -- Hospitality Properties Trust (Nasdaq: HPT) today announced it has completed the purchase of the 198-room Crowne Plaza Milwaukee West in Milwaukee, WI for $30.0 million, or approximately $151,500 per key. The hotel will be added to HPT's existing agreement with Intercontinental Hotels Group. "The Crowne Plaza Milwaukee West is ideally located in an economically vibrant suburban community just west of downtown," said John Murray, Hospitality Properties Trust's President and Chief Executive Officer. "Built in 2008, this full service hotel is supported by strong demand generators from the area's healthcare, technology and i...
Hospitality Properties Trust Acquires Radisson Blu Minneapolis Downtown From KKR
Hospitality Properties Trust | June 18, 2018
Minneapolis (June 18, 2018) - Radisson Hotel Group™ today announced that its longtime partner, Hospitality Properties Trust (HPT) a real estate investment trust, has acquired the Radisson Blu Minneapolis Downtown in a sale from an affiliate of KKR. The hotel was acquired by KKR in June of 2014 and converted to Radisson Blu following a multimillion-dollar renovation. The hotel features over 360 sophisticated rooms, 29,000 square feet of flexible meeting and event space, 24-hour business center, Business Class Lounge, and the FireLake Grill House & Cocktail Bar. The Radisson Blu Minneapolis Downtown becomes the ninth property ow...
Hospitality Properties Trust Reports Fourth Quarter Net Income of $58 Million Compared to a Net Loss of $24.7 Million in the Year Ago Quarter
Hospitality Properties Trust | March 1, 2017
Fourth Quarter Net Income Available to Common Shareholders of $0.35 Per Share Fourth Quarter Normalized FFO Available to Common Shareholders of $0.57 Per Share NEWTON, Mass.--Hospitality Properties Trust (Nasdaq: HPT) today announced its financial results for the quarter and year ended December 31, 2016. Three Months Ended Year Ended December 31, December 31, 2016 2015 2016 2015 ($ in thousands, except per share and RevPAR data) Net income (loss) available for common shareholders $ 58,020 $ (24,660 ) $ 202,446 $ 145,754 Net income (loss) available for common shareholders per share $ 0.35 $ (0.16 ) $ 1.30 $ 0.97 Adjusted EBITDA (1) $ 136...
Hospitality Properties Trust and Sonesta to Convert Beverly Heritage Hotel to Sonesta Silicon Valley Following Renovation
December 14, 2016
Dec. 15--A new hotel chain took over the site of Beverly Heritage Hotel at 1820 Barber Lane last week, with the goal of turning the property into one that draws world travelers to Milpitas. On Dec. 5, Boston-based Sonesta International Hotels Corp. announced the acquisition of its first West Coast hotel called Sonesta Silicon Valley in Milpitas, a rebranding of the familiar site west of Interstate 880. The Beverly Heritage Hotel property had been put on sale by its owner Fillmore Capital Partners, whose Fillmore Hospitality division managed. The site was purchased by Hospitality Properties Trust, with Sonesta taking on the management of...
Hospitality Properties Trust Reports Q3 2016 Net Income of $46.6 million Compared to $56 million in the Year-Ago Quarter
Hospitality Properties Trust | November 9, 2016
Third Quarter Net Income of $0.30 per share Normalized FFO of $1.03 per share for the Third Quarter Comparable Hotel RevPAR for the Third Quarter Grows 3.8% Year Over Year NEWTON, Mass.--Hospitality Properties Trust (Nasdaq: HPT) today announced its financial results for the quarter and nine months ended September 30, 2016. Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 ($ in thousands, except per share and RevPAR data) Net income available for common shareholders $ 46,646 $ 56,019 $ 144,426 $ 170,414 Net income available for common shareholders per share $ 0.30 $ 0.37 $ 0.94 $ 1.13 Adjusted EBITDA ...
Hospitality Properties Trust Announces Second Quarter 2016 Net Income of $56 million, Down from $83.1 million in Q2 2016
Hospitality Properties Trust | August 9, 2016
Second Quarter Net Income of $0.34 per share Normalized FFO of $1.09 per share for the Second Quarter Comparable Hotel RevPAR for the Second Quarter Grows 4.9% Year Over Year NEWTON, Mass.-Hospitality Properties Trust (Nasdaq: HPT) today announced its financial results for the quarter and six months ended June 30, 2016. Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 ($ in thousands, except per share and RevPAR data) Net income available for common shareholders $ 50,895 $ 77,980 $ 97,780 $ 114,395 Net income available for common shareholders per share $ 0.34 $ 0.52 $ 0.65 $ 0.76 Adjusted EBITDA (1) $ 215,608 $ ...
Hospitality Properties Trust Reports First Quarter 2016 Net Income of $46.9 million, Compared to $36.4 million in the Year-Ago Quarter
Hospitality Properties Trust | May 10, 2016
First Quarter Comparable Hotel RevPAR Grows 4.4% Year Over Year Normalized FFO for the First Quarter Increases 12% Year Over Year to $0.93 Per Share NEWTON,Mass.- May 10, 2016 -Hospitality Properties Trust (NYSE: HPT) today announced its financial results for the quarter ended March 31, 2016, compared to the results for the prior year comparable period: Three Months Ended March 31, 2016 2015 ($ in thousands, except per share and RevPAR data) Net income available for common shareholders $ 46,885 $ 36,415 Net income available for common shareholders per share (basic and diluted) $ 0.31 $ 0.24 Adjusted EBITDA (1) $ 187,963 $ 168,635 Normal...
