Financial Services >> CEO Interviews >> December 1, 2002

John Murray – Hospitality Properties Trust (hpt)

JOHN G. MURRAY is President and Chief Operating Officer of Hospitality Properties Trust a REIT with $2.7 billion invested in hotel real estate. HPT acquires well-performing hotels and leases them to unrelated, experienced hotel operators. The company owns 251 hotels including 71 Courtyards by Marriott, 37 Residence Inns by Marriott, 3 full service Marriott hotels, 12 Wyndham and Wyndham Garden hotels, 15 Summerfield Suites, 57 Candlewood hotels, 24 AmeriSuites, 12 TownePlace Suites by Marriott hotels, 2 SpringHill Suites by Marriott and 18 Homestead Village Hotels. HPT's portfolio is well situated in the full service, extended stay, upscale limited service and all suite segments of the lodging industry. HPT is the only hotel REIT with an unsecured investment grade credit rating. Mr. Murray is also Executive Vice President of REIT Management and Research, a real estate advisory firm based in Newton, Massachusetts. RMR acts as investment advisor to Hospitality Properties Trust, HRPT Properties Trust, a publicly traded office REIT, Senior Housing Properties Trust, a publicly traded senior housing REIT and other private real estate holdings. Prior to joining RMR and HPT, he worked at Fidelity Investments and Ernst & Young. He is a graduate of Syracuse University. Profile
TWST: Could you give us an overview of Hospitality Properties


Mr. Murray: HPT is one of the largest REITs in America today. We

have 251 hotels in 37 states. We are by equity market cap