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HPT > SEC Filings for HPT > Form 8-K on 11-Sep-2013All Recent SEC Filings

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Other Events

Item 8.01 Other Events.

On September 10, 2013, pursuant to ownership limitation provisions of the Amended and Restated Declaration of Trust and Amended and Restated Bylaws of Hospitality Properties Trust, a Maryland real estate investment trust, or the Company, and the Renewed Rights Agreement by and between the Company and Wells Fargo Bank, National Association, dated as of May 15, 2007, the Board of Trustees of the Company approved the issuance of a letter to a large investment management firm that manages mutual funds permitting such firm to acquire beneficial ownership of up to (but less than) 20% of the Company's outstanding common shares. This permission is subject to limitations and covenants to ensure compliance by the Company with real estate investment trust qualification requirements and as agreed by the Company and such firm.

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