| Business Summary | | Hospitality
Properties
Trust
is
a
real
estate
investment
trust
formed
to
buy,
own
and
lease
hotels
to
unaffiliated
hotel
operators.
At
December
31,
2000,
the
Company
owned
or
had
commitments
to
purchase
224
hotels
with
30,390
rooms
or
suites
located
in
36
states.
The
Company's
hotels
are
leased
to
and
managed
by
single
purpose
subsidiaries
of
unaffiliated
public
companies.
Under
the
leases
and
management
agreements,
the
hotels
currently
are
operated
as
Marriott
Hotels,
Resorts
and
Suites,
Courtyard
by
Marriott,
Residence
Inn
by
Marriott,
Wyndham
Garden,
Wyndham,
Summerfield
Suites
by
Wyndham,
AmeriSuites,
Candlewood
Suites,
Homestead
Studio
Suites,
TownePlace
Suites
by
Marriott,
or
SpringHill
Suites
by
Marriott. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hospitality
Properties
Trust
is
a
real
estate
investment
trust
formed
to
buy,
own
and
lease
hotels
to
unaffiliated
hotel
operators.
As
of
12/00,
HPT
owned
224
hotels.
For
the
six
months
ended
6/30/01,
revenues
increased
8%
to
$136.3
million.
Net
income
applicable
to
Common
increased
3%
to
$58
million.
Revenues
reflect
additional
hotels
acquired
and
increased
hotel
revenues.
Earnings
were
partially
offset
by
increased
borrowings
and
depreciation. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Murray, 40 Pres,
COO and Sec. | $50K | John Harrington, 64 Trustee | -- | Arthur Koumantzelis, 70 Trustee | -- | William Sheehan, 56 Trustee | -- | Ethan Bornstein, 27 VP | 19K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|