Hospitality Properties Trust, Newton, Mass., has priced a follow-on public offering of 2.0 million common shares of beneficial interest at $43.66 per share.The underwriters have been granted an option to buy up to 1.95 million additional shares of common stock from the company to cover any overallotments. Merrill Lynch & Co. and Wachovia Securities are the joint book-running managers of the offering. Hospitality Properties, a real estate investment trust that specializes in hotels, can be found on the Internet at http://www.hptreit.com.
REIT Prices Stock Offering
July 21, 2006, 2:00 p.m. EDT 1 Min Read
