Hospitality Properties calls $280 million 5 1/8% senior notes due 2015

By Tali Rackner

Norfolk, Va., July 15 – Hospitality Properties Trust plans to redeem its $280 million of 5 1/8% senior notes due 2015, according to a press release.

The notes will be redeemed at par plus accrued interest up to, but excluding, the redemption date of Aug. 15.

Hospitality Properties expects to fund this redemption by using cash on hand and borrowings under its revolving credit facility.

The real estate investment trust is based in Newton, Mass.

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