Looking for dividend stocks that are riding an ongoing trend? Thanks to the US economic recovery, an updated lodging forecast released last week by PricewaterhouseCoopers US anticipates stronger occupancy gains in 2014. The report suggested that this may give U.S. hotels their highest occupancy levels in 20 years for 2015.
This week's focus stock, Hospitality Properties Trust, (NYSE:HPT), is a real estate investment trust, a REIT, which owns 291 hotels and owns or leases 185 travel centers located throughout the United States, Canada and Puerto Rico. HPT doesn't operate hotels or travel centers. Instead, its properties are operated by other companies under long-term management or lease agreements. As of June 30, 2014, the largest combination agreement based upon investment includes 145 travel centers located in 39 states and the smallest contract includes one hotel with 372 rooms.
Source: Seeking Alpha
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Posted by D4L | Sunday, September 21, 2014 | ArticleLinks | 0 comments »________________________________________________________________
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