Hospitality Properties Trust, Newton, Mass., has priced a follow-on public offering of 5.0 million common shares of beneficial interest at $47.67 per share.The company, a real estate investment trust that specializes in hotels, said it expects to use the net proceeds of the offering to repay a portion of the debt incurred to fund its recently completed acquisition of TravelCenters of America. The underwriters have been granted an option to buy up to 750,000 additional shares of common stock from the company to cover any overallotments. Merrill Lynch & Co., Morgan Stanley, and RBC Capital Markets are the joint book-running managers of the offering. Hospitality Properties can be found on the Internet at http://www.hptreit.com.
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