Newton, MA-based Hospitality Properties Trust recently revealed that Spirit MTA REIT shareholders approved the previously revealed sale of assets to HPT for $2.4 billion.
HPT expects the transaction to close on September 20, 2019, subject to the completion of customary closing conditions.
Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, Washington, DC, Puerto Rico and Canada.
According to a prepared statement, HPT’s properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc.
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