S&P affirms Hospitality Properties

Standard & Poor's said it affirmed its BBB corporate credit and senior unsecured ratings and its BB+ preferred stock ratings on Hospitality Properties Trust.

The outlook remains negative.

"Our ratings reflect its expectation that Hospitality Properties' lodging tenants will continue to face stress through 2010 and into 2011, as we now believe that the sector is likely to experience a more protracted recovery than we contemplated earlier this year," said credit analyst Elizabeth Campbell.

"However, the agency said it expect Hospitality Properties' earnings and debt coverage measures to remain somewhat insulated from property-level weakness due to the company's conservative lease and management contract structure."

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