Hospitality Properties Trust, a real estate investment trust focused on hotels and travel centers, is moving to diversify its holdings with the purchase for $2.4 billion in cash of a lease portfolio concentrated on service-oriented retail properties from Spirit MTA REIT, an entity that's selling all its assets.
Hospitality Properties Trust Moves Beyond Hotels, Travel Centers With $2.4 Billion Lease Deal
REIT Buys Portfolio of 774 Service-Oriented Retail Properties
CoStar News
June 3, 2019 | 2:19 P.M.
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IN THIS ARTICLE
- Companies
- Service Properties Trust
Real Estate
- Spirit MTA REIT
Real Estate