Hospitality Properties Trust Appoints a New Independent Trustee and a Lead Independent Trustee
September 28 2015 - 5:30PM
Business Wire
Hospitality Properties Trust (NYSE: HPT) today announced the
appointment of Ms. Donna D. Fraiche as a new Independent Trustee
and Mr. John L. Harrington as Lead Independent Trustee.
Ms. Fraiche is a shareholder of the law firm of Baker, Donelson,
Bearman, Caldwell & Berkowitz, PC. Among numerous other
business and civil leadership positions, she is a past member of
the Louisiana Recovery Authority created after hurricanes Katrina
and Rita, a past Chair of the Board of Trustees of Loyola
University and she currently serves as the Honorary Consul General
of Japan for New Orleans. The HPT Board has determined that Ms.
Fraiche is an “Independent Trustee” as defined by applicable rules
of the New York Stock Exchange, the U.S. Securities and Exchange
Commission and HPT’s Declaration of Trust and Bylaws. Ms. Fraiche
will chair HPT’s Nominating and Governance Committee.
Previously HPT did not have a Lead Independent Trustee. Mr.
Harrington is a certified public accountant and the Executive
Director and Chairman of the Yawkey Foundations, one of the largest
charitable organizations in New England. Mr. Harrington is the
former CEO of the Boston Red Sox Baseball Club and a former
director of Fleet Bank, NA. Mr. Harrington was formerly the chair
of HPT’s Nominating and Governance Committee and will now chair
HPT’s Compensation Committee, while also serving as Lead
Independent Trustee.
Ms. Fraiche replaces Dr. Bruce M. Gans, who has retired as an
Independent Trustee of HPT. Dr. Gans’s resignation was not the
result of any disagreement with HPT.
Hospitality Properties Trust is a real estate investment trust,
or REIT, which owns 302 hotels operated by brand owners including
Marriott International, Inc., InterContinental Hotels Group, plc.,
Sonesta International Hotels Corp., Wyndham Hotel Group, Global
Hyatt Corporation, Carlson Hotels Worldwide and Morgans Hotel
Group. HPT also owns 191 travel centers located along the U.S.
Interstate Highway System which are operated by TravelCenters of
America LLC. HPT’s properties are located in 45 states, Puerto Rico
and Canada. HPT is headquartered in Newton, MA.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the New York
Stock Exchange.
No shareholder, Trustee or officer is
personally liable for any act or obligation of the Trust.
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version on businesswire.com: http://www.businesswire.com/news/home/20150928006647/en/
Hospitality Properties TrustKatie Strohacker,
617-796-8232Director, Investor Relationswww.hptreit.com
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