Hospitality Properties files debt, stock shelf

By Angela McDaniels

Seattle, Sept. 1 - Hospitality Properties Trust filed a shelf registration for an undisclosed amount of securities, according to an S-3ASR report filed with the Securities and Exchange Commission on Friday.

Covered by the shelf are debt securities, warrants, preferred shares and common shares of beneficial interest in the trust and depositary shares representing preferred shares.

Debt securities and preferred shares may be structured as convertibles. Each common share may include a right to purchase junior participating preferred shares or other securities.

The company has already paid a $130,124.73 registration fee for a previously registered $1,216,119,000 offering of securities that were not sold.

Proceeds will be used for general business purposes, which may include acquiring and investing in additional properties and the repayment of borrowings under the company's credit facility or other debt.

Hospitality is a real estate investment trust based in Newton, Mass., that owns hotels operated by unaffiliated hotel companies.

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