Hospitality Properties calls all $300 million 5.625% notes due 2017

By Wendy Van Sickle

Columbus, Ohio, Aug. 25 – Hospitality Properties Trust called all $300 million of its outstanding 5.625% senior notes due 2017, according to a press release.

The notes are expected to be redeemed on Sept. 26 at par plus accrued interest up to but excluding the redemption date.

The trust expects to fund the redemption 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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