Spirit MTA REIT Shareholders Approve the Sale of Properties to Hospitality Properties Trust
HOSPITALITY PROPERTIES TEST (HPT)
Last hospitality properties test earnings: 8/9 07:00 am
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US:NYSE Investor Relations:
hptreit.com/investors/default.aspx
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Source: Business Wire
Transaction is Scheduled to Close on September 20, 2019 NEWTON, Mass.--(BUSINESS WIRE)--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 STATEMENTSThis press release contains statements that constitute forward-looking statements within the meaning of the Private Securities
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