Market Overview

Hospitality Properties Trust Amends Management Agreement with RMR

Hospitality Properties Trust (NYSE: HPT) today announced that it has
amended its business management agreement with Reit Management &
Research LLC, or RMR, effective January 1, 2014. The amended agreement
implements the previously announced plan to change the business
management agreement, as follows:

New Base Management Fee: The new calculation of the base management fee will be based on
approximately 0.5% multiplied by the lower of:
(i) the historical cost of HPT's real estate assets or (ii) HPT's
total market capitalization.

See full press release

Posted-In: News Guidance Contracts Management Global

 

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