December 10, 2002
Newton, MA (December 10, 2002). Hospitality Properties Trust (NYSE: HPT) today announced that it closed the sale of 3,450,000 Series B Cumulative Redeemable Preferred Shares. This sale includes the 3 million share offering previously announced plus 450,000 shares sold upon exercise of the underwriters’ over allotment option. The sales price is $25/share and the distribution rate is $2.21875/share per year (8.875% per annum of the sales price). The joint book running managers for the offering are Salomon Smith Barney and UBS Warburg. Co-managers of this offering are A.G. Edwards & Sons, Inc., Legg Mason Wood Walker, Incorporated, RBC Capital Markets, Wachovia Securities, BMO Nesbitt Burns, Credit Lyonnais Securities (USA) Inc., ING Bank N.V., Prudential Securities, SG Cowen, and Wells Fargo Investment Services, LLC. Copies of the Prospectus Supplement may be obtained from the offices of Salomon Smith Barney, 388 Greenwich Street, 32nd Floor, New York, NY 10013, or the offices of...
December 5, 2002
NEWTON, Mass.-Dec. 5, 2002-Hospitality Properties Trust (NYSE: HPT) today announced that it has priced an offering of 3 million Series B Cumulative Redeemable Preferred Shares. The sales price is $25/share and the distribution rate is $2.21875/share per year (8.875% per annum of the sales price). The sale of these securities is expected to settle on December 10, 2002. An application has been made to list the Series B Cumulative Redeemable Preferred Shares on the New York Stock Exchange. The joint book running managers for the offering are Salomon Smith Barney and UBS Warburg. Co-managers of this offering are A.G. Edwards & Sons, Inc., Legg Mason Wood Walker Incorporated, RBC Capital Markets, Wachovia Securities, BMO Nesbitt Burns, Credit Lyonnais Securities (USA) Inc., ING Bank N.V., Prudential Securities, SG Cowen, and Wells Fargo Investment Services, LLC. A Prospectus Supplement relating to the Series B Cumulative Redeemable Preferred Shares referenced above is expected to be...
November 12, 2002
Newton, MA (November 12, 2002): Hospitality Properties Trust (NYSE: HPT) today announced that its board of trustees has declared a dividend on HPT’s Series A Cumulative Redeemable Preferred Shares. A distribution of $0.59375 per Series A preferred share is payable on or about December 31, 2002, to holders of record at the close of business on December 13, 2002....