Hospitality Properties Trust Announces Value of TravelCenters of America LLC Spin Off for Tax Reporting.NEWTON, Mass. -- Hospitality Properties Trust (NYSE NYSE See: New York Stock Exchange : HPT HPT Human Performance Technology HPT Hyperparathyroidism HPT Heartland Poker Tour HPT Home Pregnancy Test HPT High Pressure Turbine HPT Host Print Transform HPT High-Performance Team HPT high-payoff target (US DoD) ) today announced that, for tax reporting purposes, the value of its spin off of TravelCenters of America TravelCenters of America (TA) is the largest truck stop chain[1] in the United States and Ontario, Canada. The majority of customers are RV's and professional truck drivers. The company's headquarter is located in Westlake, Ohio. LLC (AMEX AMEX See: American Stock Exchange : TA) on January 31, 2007, was $32.34 per TA share. Since one TA share was distributed to HPT shareholders for every 10 HPT shares owned, the distribution to HPT shareholders will be valued at $3.23 per HPT share. Additional information about the tax character of this distribution and other distributions which may be made to HPT shareholders during 2007 will be provided to HPT shareholders after the end of 2007. Hospitality Properties Trust is a real estate investment trust headquartered in Newton, MA which owns 310 hotels and 146 travel centers located throughout the United States, Puerto Rico and Canada. (end) |
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