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Hospitality Properties 1Q Net Up 14% On Gain, Rev Down 20%

Wall Street Journal MAY 11, 2009, 5:28 P.M. ET

Hospitality Properties Trust’s (HPT) first-quarter earnings rose 14% as a big unusual gain masked the recession’s effect on revenue.

The real-estate investment trust has suffered along with others in the sector from declining property values and tighter credit. For Hospitality Properties, those issues have been compounded as customers cut back …