Hospitality Properties Trust http://www.alacrastore.com/company-snapshot/Hospitality_Properties_Trust-1089382 Sunday, September 07, 2008 7:03:35 PM 1089382 Hospitality Properties Trust en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/665724spcred/665724normThe latest Full Report from S&Pglobal8/15/2008 6:31:46 PM400Full Report665724United StatesSpecialized REIT'sUnited StatesGlobal IssuersCorporationsHotel & GamingFull ReportConservative lease and management contract structures Hotel tenants are typically supported by guarantees from investment grade-rated parents Geographically diversified asset portfolio Experienced management team History of using equity to fund a meaningful portion of acquisitions Impaired credit quality of TravelCenters of America, which generates 40% of minimum rents Lodging portfolio concentration in all-suite and extended stay niche Acquisitive nature of the business model REIT status and requirement to pay out 90% of taxable income as dividends The rating reflects our expectation that Hospitality Properties Trust (HPT) will be able to maintain adequate credit metrics despite the challenge to its historically conservative lease and management contract structures. The rating also reflects the generally good financial profile of the company's lodging tenants,USA44106M40402070 404020 4040 40Hospitality Properties Trust321026USAHPTFULLGLOBISSCORPHotelCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/665725spcred/665725normThe latest Summary from S&Pglobal8/15/2008 6:31:46 PM175Summary665725United StatesSpecialized REIT'sUnited StatesGlobal IssuersCorporationsHotel & GamingSummaryThe rating reflects our expectation that Hospitality Properties Trust (HPT) will be able to maintain adequate credit metrics despite the challenge to its historically conservative lease and management contract structures. The rating also reflects the generally good financial profile of the company's lodging tenants, and its conservatively capitalized balance sheet. However, prospects and timing are uncertain for HPT to receive repayment of deferred rent in the event of a prolonged period of significantly impaired credit quality at HPT's largest tenant, TravelCenters of America LLC (which contributes roughly 40% of HPT's minimum rents). In addition, we expect a weakening in credit metrics at HPT during the rent deferral period. HPT announced in August 2008 that it entered into an amendment toUSA44106M40402070 404020 4040 40Hospitality Properties Trust321026USAHPTSUMMARYGLOBISSCORPHotelCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/664911spcred/664911normThe latest News from S&Pglobal8/13/2008 1:22:06 PM100News664911United StatesSpecialized REIT'sUnited StatesGlobal IssuersCorporationsHotel & GamingNewsNEW YORK (Standard&Poor's) Aug. 13, 2008--Standard&Poor's Ratings Services today revised its rating outlook for Hospitality Properties Trust (HPT) to negative from stable. All ratings on the company, including the 'BBB' corporate credit rating, were affirmed. "The outlook revision reflects uncertainties regarding prospects and timing for HPT to receive repayment of deferred rent in the event of a prolonged period of significantly impaired credit quality at HPT's largest tenant, TravelCenters of America LLC (which contributes roughly 40% of HPT's minimum rents), and the expectation for weakening credit metrics at HPT during the rent deferral period," explained Standard&Poor's credit analyst Emile Courtney. HPT announced yesterday that it has entered into an amendment to provide (unrated) TravelCentersUSA44106M40402070 404020 4040 40Hospitality Properties Trust321026USAHPTNEWSGLOBISSCORPHotelCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/664912spcred/664912normThe latest Research Update from S&Pglobal8/13/2008 1:22:06 PM175Research Update664912United StatesSpecialized REIT'sUnited StatesGlobal IssuersCorporationsHotel & GamingResearch UpdateOn Aug. 13, 2008, Standard&Poor's Ratings Services revised its rating outlook for Hospitality Properties Trust (HPT) to negative from stable. All ratings on the company, including the 'BBB' corporate credit rating, were affirmed. The outlook revision reflects uncertainties regarding prospects and timing for HPT to receive repayment of deferred rent in the event of a prolonged period of significantly impaired credit quality at HPT's largest tenant, TravelCenters of America LLC (which contributes roughly 40% of HPT's minimum rents), and the expectation for weakening credit metrics at HPT during the rent deferral period. HPT announced yesterday that it has entered into an amendment to provide (unrated) TravelCenters of America (TA) the option to defer rent under TA's leases withUSA44106M40402070 404020 4040 40Hospitality Properties Trust321026USAHPTRESUPDGLOBISSCORPHotelCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1914893ccbn/T1914893norm...Good day, everyone and welcome to the Hospitality Properties Trust second quarter #### earnings results conference call. Today's call is being recorded. At this time, for opening remarks and introductions I would like to turn the call over to the Manager of Investor Relations, Mr. Tim Bonang. Please go ahead, sir. ... 8/12/2008 12:05:00 PMHospitality Properties Trust54.0000FinalHospitality Properties Trust Q2 2008 Earnings Conference Call TranscriptHPT11:00am ETTranscriptT1914893Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/newstex/BW-0001-27182344newstex/BW-0001-27182344xml Aug. #, #### (Business Wire) -- Hospitality Properties Trust (NYSE: HPT) today announced that it will host a conference call in conjunction with the announcement of its second quarter #### financial results. HPT plans to issue a press...040000000400400004004003040160000401600104016048040160188/5/2008 2:20:47 PM180000001800400018008000Business WireBW-0001-27182344HOSPITALITY PROPERTIES TRUSTJOHN G MURRAYMARK LAWRENCE KLEIFGESHPTNewsNewstexhttp://www.alacrastore.com/storecontent/ccbn/T1817625ccbn/T1817625norm... - Credit Suisse - AnalystGood morning and welcome to the Credit Suisse #### Global Real Estate Conference. My name is Steve Benyik; and I'm the Commercial REIT analyst here at Credit Suisse. We are very happy to have Hospitality Properties Trust here with us today. In a moment I will pass it over to President and COO, John Murray, for ## minutes or so of introduction and opening remarks, after which I'll open it up for Q&A to the audience. ... 7/16/2008 4:55:32 PMHospitality Properties Trust54.0000Hospitality Properties Trust at Credit Suisse Group Global Real Estate ConferenceHPT8:00AM ETTranscriptT1817625Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1895414ccbn/T1895414norm...Our next presenting company today is Hospitality Properties Trust, a real estate investment trust that owns hotels and travel centers located throughout the US as well as Ontario and Puerto Rico. The Company's hotels are operated by unaffiliated hospitality management companies, including Marriott, Intercontinental, Hyatt, and Carlson hotels through management or lease agreements, while its travel centers are operated by Travel Centers of America. With that we're pleased to introduce John Murray, President and Chief Operating Officer of Hospitality Properties Trust. ... 7/10/2008 5:03:00 PMHospitality Properties Trust54.0000FinalHospitality Properties Trust at Oppenheimer & Co. Consumer Growth Conference incorporating the 17th Annual Gaming, Lodging & Leisure Conference TranscriptHPT2:25pm ETTranscriptT1895414Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1867100ccbn/T1867100norm... - UBS - AnalystAll right. Thanks for coming to the Hospitality Properties Trust Presentation. My name is Will Truelove. I'm the Global Leisure Coordinator and U.S. Lodging Analyst at UBS. It's my utmost pleasure to introduce John Murray, President and COO. And we have Mark Kleifges, the CFO of Hospitality Properties Trust. So, without further ado, I'm going to turn it over to John to do a brief presentation, and then we'll open it up to Q&A, I guess. Great, thanks. ... 6/5/2008 8:04:34 PMHospitality Properties Trust106.0000FinalHospitality Properties Trust at National Association of Real Estate Investment Trusts Investor Forum TranscriptHPT4:15pm ETTranscriptT1867100Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1838860ccbn/T1838860norm...Good day, and welcome to the Hospitality Properties Trust first quarter #### financial results conference call. This call is being recorded.At this time for opening remarks and introductions I would like to turn the call over to the Manager of Investor Relations, Mr. Tim Bonang. Please go ahead, sir. ... 5/6/2008 2:06:00 PMHospitality Properties Trust54.0000FinalQ1 2008 Hospitality Properties Trust Earnings Conference Call TranscriptHPT1:00pm ETTranscriptT1838860Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/moodys/PR_152351_600022034moodys/PR_152351_600022034htmlGlobal Credit Research Rating Action # APR #### Rating Action: Hospitality Properties Trust Moody's revised HPT's outlook to negative Approximately $#.## bn of securities affected. New York, April ##, #### -- Moody's Investors Service...Rating Action4/4/2008 12:31:50 AMHospitality Properties Trust600022034150.0000NewshtmlHospitality Properties TrustPR_152351_600022034Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1771585ccbn/T1771585norm... - Deutsche Bank - AnalystOkay, last but certainly not least, and I certainly do appreciate everyone sticking around. Hospitality Properties Trust, locally based here just outside of Boston, so we're very happy that they could join us today. Again, a little bit of a different story -- I know all the REITs are a little bit different in one form or another. HPT is probably significantly different than many of the companies you've been hearing from this afternoon. So, with that, I'm going to turn it over to President and Chief Operating Officer, John Murray. ... 3/12/2008 6:06:00 PMHospitality Properties Trust54.0000FinalHospitality Properties Trust at Deutsche Bank Securities Hospitality & Gaming Conference TranscriptHPT4:00pm ETTranscriptT1771585Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1760888ccbn/T1760888normQ# #### Hospitality Properties Trust Earnings Conference Call2/13/2008 3:52:00 PMHospitality Properties Trust54.0000FinalQ4 2007 Hospitality Properties Trust Earnings Conference Call TranscriptHPT1:00pm ETTranscriptT1760888Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/moodys/COP_600022034moodys/COP_600022034htmlGlobal Credit Research Credit Opinion # APR #### Credit Opinion: Hospitality Properties Trust Hospitality Properties Trust Boston, Massachusetts, United States Ratings Category Moody's Rating Outlook Negative Senior Unsecured Baa#...Credit Opinion1/4/2008 2:20:00 AMHospitality Properties Trust600022034150.0000NewshtmlHospitality Properties TrustCOP_600022034Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/447888spcred/447888normThe latest Full Report from S&P12/23/2007 11:36:08 PMFull Report400global447888Global IssuersCorporationsHotel & GamingFull ReportConservative lease and management contract structures; Tenants are typically supported by guarantees from investment grade-rated parents; Geographically diversified asset portfolio; Experienced management team; and History of using equity to fund a meaningful portion of acquisitions. Portfolio concentration in all-suite and extended stay niche; Weak coverage within a number of lease pools; Some of the brands in its portfolio, such as Candlewood and AmeriSuites, have yet to establish strong national brand recognition; and Acquisitive nature of the business model. The ratings on Hospitality Properties Trust (HPT) reflect the conservative terms of the company's lease and management contracts, generally good financial profiles of its tenant group, and its historically conservatively capitalized balance sheet. These factors are partially mitigated by its portfolio concentrationHospitality Properties Trust321026FULLGLOBISSCORPHotelCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/447889spcred/447889normThe latest Summary from S&P12/23/2007 11:36:08 PMSummary175global447889Global IssuersCorporationsHotel & GamingSummaryThe ratings on Hospitality Properties Trust (HPT) reflect the conservative terms of the company's lease and management contracts, generally good financial profiles of its tenant group, and its historically conservatively capitalized balance sheet. These factors are partially mitigated by its portfolio concentration in the extended-stay or all-suite segment of the lodging industry, and an active external growth strategy. HPT's hotel portfolio consists of 297 properties (109 of which are leased to and managed by others, and 188 of which are managed by others under management contracts). HPT's hotels are primarily branded under Candlewood Suites, Courtyard by Marriott, Residence Inn by Marriott, AmeriSuites, Homestead Studio Suites, TownePlace Suites, SpringHill Suites, and Staybridge Suites. In terms of number of rooms, HPT isHospitality Properties Trust321026SUMMARYGLOBISSCORPHotelCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_62663_600022034moodys/PR_62663_600022034htmlRating Action12/21/2007 4:58:16 AMGlobal Credit Research Rating Action ## DEC #### Rating Action: Hospitality Properties Trust MOODY'S CONFIRMS Baa# SENIOR DEBT RATING OF HOSPITALITY PROPERTIES TRUST; OUTLOOK IS STABLE Approximately $### Million of Securities Affected....Hospitality Properties Trust600022034150.00NewshtmlHospitality Properties TrustPR_62663_600022034Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1684779ccbn/T1684779norm11/7/2007 2:08:00 PMHospitality Properties Trust54.0000FinalQ3 2007 Hospitality Properties Trust Earnings Conference Call TranscriptHPT1:00pm ET...Good day, and welcome to the Hospitality Properties Trust third quarter #### earnings results conference call. This call is being recorded. At this time for opening remarks and introductions, I would like to turn the call over to the manager of Investor Relations, Mr. Tim Bonang. Please go ahead, sir. ... TranscriptT1684779Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/603932spcred/603932normThe latest News from S&P9/24/2007 6:32:00 PMNews100global603932United StatesSpecialized REIT'sUnited StatesGlobal IssuersCorporationsHotel & GamingNewsNEW YORK (Standard&Poor's) Sept. 24, 2007--Standard&Poor's Ratings Services today assigned its 'BBB' rating to Hospitality Properties Trust's (HPT) proposed $350 million senior unsecured notes due 2018. HPT expects to use the net proceeds to reduce amounts outstanding under the company's revolving credit facility. Existing ratings on HPT, including the 'BBB' corporate credit rating, were affirmed. The rating outlook is stable. "The 'BBB' corporate credit rating reflects the conservative terms of the company's lease and management contracts, the generally good financial profiles of its tenants, and its historically conservatively capitalized balance sheet," said Standard&Poor's credit analyst Emile Courtney. In May 2007, HPT acquired 40 hospitality and fuel centers from Petro Stopping Centers LP for $630USA44106M40402070 404020 4040 40Hospitality Properties Trust321026USAHPTNEWSGLOBISSCORPHotelCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/603933spcred/603933normThe latest Research Update from S&P9/24/2007 6:32:00 PMResearch Update175global603933United StatesSpecialized REIT'sUnited StatesGlobal IssuersCorporationsHotel & GamingResearch UpdateOn Sept. 24, 2007, Standard&Poor's Ratings Services assigned its 'BBB' rating to Hospitality Properties Trust's (HPT) proposed $350 million senior unsecured notes due 2018. HPT expects to use the net proceeds to reduce amounts outstanding under the company's revolving credit facility. Existing ratings on HPT, including the 'BBB' corporate credit rating, were affirmed. The rating outlook is stable. The 'BBB' corporate credit rating reflects the conservative terms of the company's lease and management contracts, the generally good financial profiles of its tenants, and its historically conservatively capitalized balance sheet. In May 2007, HPT acquired 40 hospitality and fuel centers from Petro Stopping Centers LP for $630 million plus closing and other costs, and funded the purchase with borrowingsUSA44106M40402070 404020 4040 40Hospitality Properties Trust321026USAHPTRESUPDGLOBISSCORPHotelCredit & Investment ResearchS&P Credit Research