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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Aug. 25, 5:36 AM

Slide #16. Hospitality Properties Trust Secondary Offering

Company: Hospitality Properties Trust (NASDAQ:HPT)
Date announced: 8/15/2016
Shares Offered: 11,000,000
Date of Pricing: 8/15/2016
Price Per Share: $30.75
Secondary Offering Details: Hospitality Properties Trust (NASDAQ:HPT) today announced that it has commenced a public offering of 11,000,000 common shares. HPT expects to use the proceeds of this offering to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes. It is contemplated that the underwriters will also be granted a 30-day option to purchase up to an additional 1,650,000 common shares. updated 8/15- Hospitality Properties Trust (NASDAQ:HPT) today announced that it has priced a public offering of 11,000,000 common shares at a price to the public of $30.75 per common share. The settlement of this offering is expected to occur on August 19, 2016. HPT expects to use the proceeds of this offering to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes. The underwriters have been granted a 30-day option to purchase up to an additional 1,650,000 common shares.

Hospitality Properties Trust is a real estate investment trust. Co. invests in hotels and travel related real estate. As of Dec 31 2015, Co., directly and through subsidiaries, owned 302 hotels and 193 travel centers. Co.'s properties are located in 45 states in the U.S., Canada and Puerto Rico. At Dec 31 2015, Co.'s properties were leased or managed by subsidiaries of the following companies: Marriott International, Inc., InterContinental Hotels Group, plc, Sonesta International Hotels Corporation, Wyndham Hotel Group, Hyatt Hotels Corporation, Carlson Hotels Worldwide, Morgans Hotel Group, and TravelCenters of America LLC.

HPT SEC Filing Email Alerts Service

Preferreds: HPT.PRD, HPT.PRC, HPTRP


Open the HPT Page at The Online Investor »

Company Name:  Hospitality Properties Trust
Website:  www.hptreit.com
Sector:  REITs
Number of ETFs Holding HPT:  55
Total Market Value Held by ETFs:  $318.18M
Total Market Capitalization:  $4.65B
% of Market Cap. Held by ETFs:  6.84%
 

Open the HPT Page at The Online Investor (in a new window) »

August 25, 2016    5:36 AM Eastern
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Hold (2.00 out of 4)
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