Spirit MTA REIT Shareholders Approve the Sale of Properties to Hospitality Properties Trust
September 04 2019 - 5:15PM
Business Wire
Transaction is Scheduled to Close on
September 20, 2019
Hospitality Properties Trust (Nasdaq: HPT) today announced that
Spirit MTA REIT (NYSE: SMTA) shareholders approved the previously
announced 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. HPT's properties are operated under long term management or
lease agreements. HPT is managed by the operating subsidiary of The
RMR Group Inc. (Nasdaq: RMR), an alternative asset management
company that is headquartered in Newton, Massachusetts.
WARNING REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains statements that constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and other securities laws.
Also, whenever we use words such as "believe", "expect",
"anticipate", "intend", "plan", "estimate", "will", "may" and
negatives or derivatives of these or similar expressions, HPT is
making forward-looking statements. These forward-looking statements
are based upon HPT’s present intent, beliefs or expectations, but
forward-looking statements are not guaranteed to occur and may not
occur. Actual results may differ materially from those contained in
or implied by HPT's forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors, some of which are beyond HPT’s control. For example, the
transaction with SMTA is expected to close on September 20, 2019.
However, it is subject to conditions which may cause the closing to
be delayed, or may result in the transaction not closing at
all.
The information contained in HPT’s filings with the SEC,
including under the caption “Risk Factors” in HPT’s periodic
reports, or incorporated therein, identifies other important
factors that could cause differences from HPT’s forward-looking
statements.
HPT’s filings with the SEC are available on the SEC’s website at
www.sec.gov.
You should not place undue reliance upon forward-looking
statements.
Except as required by law, HPT does not intend to update or
change any forward-looking statements as a result of new
information, future events or otherwise.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the Nasdaq. No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
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version on businesswire.com: https://www.businesswire.com/news/home/20190904005976/en/
Katie Strohacker, Senior Director, Investor Relations (617)
796-8232 www.hptreit.com
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