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Spirit MTA REIT Shareholders Approve the Sale of Properties

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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.

Check out the other Spirit MTA stories below on The REIT Wire.

Spirit Realty Capital Completes Spin-Off

Spirit Realty Capital’s Spin-Off Plan, SpinCo, Expects to Have Over 925 Properties

 


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