-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Krx+bsPALuM/UwOkqBRrzt11DuDceDPfTxrt22KRXuVSrSwwUV/AnNAB+Tf2B7O7 61eWmuwOT/IGMl+d21CNPQ== 0001104659-09-028679.txt : 20090501 0001104659-09-028679.hdr.sgml : 20090501 20090501171533 ACCESSION NUMBER: 0001104659-09-028679 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20090501 DATE AS OF CHANGE: 20090501 EFFECTIVENESS DATE: 20090501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOSPITALITY PROPERTIES TRUST CENTRAL INDEX KEY: 0000945394 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 043262075 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-11527 FILM NUMBER: 09790422 BUSINESS ADDRESS: STREET 1: 400 CENTRE ST CITY: NEWTON STATE: MA ZIP: 02458 BUSINESS PHONE: 6179648389 MAIL ADDRESS: STREET 1: 400 CENTRE STREET CITY: NEWTON STATE: MA ZIP: 02458 DEFA14A 1 a09-11616_2defa14a.htm DEFA14A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

 

SCHEDULE 14A INFORMATION

 

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934

 

Filed by the Registrant  x

 

Filed by a Party other than the Registrant  o

 

Check the appropriate box:

o

Preliminary Proxy Statement

o

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

o

Definitive Proxy Statement

x

Definitive Additional Materials

o

Soliciting Material Pursuant to §240.14a-12

 

HOSPITALITY PROPERTIES TRUST

(Name of Registrant as Specified In Its Charter)

 

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

 

Payment of Filing Fee (Check the appropriate box):

x

No fee required.

o

Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

 

(1)

Title of each class of securities to which transaction applies:

 

 

 

 

(2)

Aggregate number of securities to which transaction applies:

 

 

 

 

(3)

Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

 

 

 

 

(4)

Proposed maximum aggregate value of transaction:

 

 

 

 

(5)

Total fee paid:

 

 

 

o

Fee paid previously with preliminary materials.

o

Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

(1)

Amount Previously Paid:

 

 

 

 

(2)

Form, Schedule or Registration Statement No.:

 

 

 

 

(3)

Filing Party:

 

 

 

 

(4)

Date Filed:

 

 

 

 



 

 

 

 

 

400 Centre Street, Newton, MA 02458-2076

Tel: (617) 964-8389     Fax: (617) 969-5730

 

 

 

 

 

 

May 1, 2009

 

 

To HPT Shareholders:

 

VOTE AGAINST PROPOSAL #3

 

On April 23, 2009, CalPERS, a public employee pension plan, distributed information about HPT’s historical performance we believe is materially misleading.  CalPERS compared HPT’s stock market performance with companies in the Russell 1000 Index.  As CalPERS knows, HPT’s investments are concentrated in hospitality real estate; and investments in hospitality stocks are among the most likely to follow the business cycle.  A proper basis to evaluate HPT’s performance is to compare it with the performance of all other real estate investment trusts with concentrated investments in the hospitality industry (as compiled by SNL Financial — a leading independent real estate research firm), as follows:

 

 

 

Companies listed

 

HPT Rank by total return

 

Periods ending

 

As hotel REITs

 

to shareholders (#1 equals

 

March 31, 2009

 

by SNL Financial*

 

highest total return)

 

 

 

 

 

 

 

5 years

 

8 hotel REITs

 

#1

 

 

 

 

 

 

 

3 years

 

11 hotel REITs

 

#1

 

 

 

 

 

 

 

1 year

 

11 hotel REITs

 

#1

 

 

We do not know with certainty what has motivated CalPERS, but we are concerned that a vote to support their proposal will empower so called “activists” to take advantage of temporary market conditions to destroy a company with a proven record of performance.

 

VOTE AGAINST PROPOSAL #3

 

CalPERS’s Proposal #3 seeks to declassify HPT’s Board.  However, CalPERS failed to disclose that its own elected trustees serve staggered terms expiring in different years.  No one, including the HPT Board and management, is pleased with the recent stock market performance of our shares, but now is not the time to change the management structure which has produced consistently superior returns for shareholders.

VOTE AGAINST PROPOSAL #3

 

 

Sincerely,

 

 

 

For more information contact

 

HPT’S proxy solicitor

 

INNISFREE (877) 825-8971

John G. Murray

 

 

President

 

 

 


*/   SNL classified hotel REITs include:  Ashford Hospitality Trust, Diamond Rock Hospitality; Felcor Lodging Trust; Hersha Hospitality Trust; HPT; Host Hotels & Resorts; LaSalle Hotel Properties; MHI Hospitality; Supertel Hospitality; Sunstone Hotel Investors; and Strategic Hotels & Resorts.

 


GRAPHIC 2 g116162bci001.jpg GRAPHIC begin 644 g116162bci001.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T- M#AT5%A$8(Q\E)"(?(B$F*S7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#M9="BTNX@ MM62.:!X]L)CT^)Y`5`SN^7G(YS4G]F6W_/I+_P""B+_XFIM>O4NKB;3IH;13 M$4:.2Y9LMT)V@*?H>:A\ZS_Y\-&_[Z?_`.-TS'2X?V9;?\^DO_@HB_\`B:/[ M,MO^?27_`,%$7_Q-26ZP74PA@T[1GD()"[V!('7K'[U:_LJ?_H"Z1_WV?_B* M06*/]F6W_/I+_P""B+_XFC^S+;_GTE_\%$7_`,35[^RI_P#H"Z1_WV?_`(BH M;BVCMWCNB1;Z=HGR MMG\**N:!<16]Y]CB@L]TY>1WMF;*C)*ALJ..2!]**0U",E=HBU;5KV#Q`8TD ML(TMD!0SRA2V\#.Q),> M3Z#GN!P#G`QBM9=2OU0*1&<#&397'/Z4Q:WU*^FZI/?:Y;KM<5ING7+ZE:J0F/.:0W`W*6V$;AM/(Y]1W/ M/KM:Q+)>7\6G0'&&!;C(W=03ZA0"V/4I05%NVHR6^O\`5YV@L%:&%?O,3M/_ M``(]5_W1\WJ5JQ;>&[:+YI9I)'/WMA\L'\OF/XDUIVMM%9VZP0KA%]>23W)/ MY\-VLW,O-6)M&:UOO#5MJ$TEQOYK8E(B/OT!']:">:_0V4O-1T:98;T-<6[' M"N"6/_`2>2?]D\^A/2MV&:.XA2:)P\;C*L#P140L8#8"R<&2$($^;&.1SR?TJ#^WM4_Y[Z1_X$#_&J>MZ=.-3O/EC9)`LOG-DF,$E0,#D\\8` M/`'2M==1OU4#;&<#&38W'/Z4R+NY!I&I7EUKQ666PD66##_9Y0Q78>.A/_/3 M]**IZ-I%Y)>1W'R"*-Y"9QE69OND;3R#G/4#J>M%(J%['1:XH;1[A2!AE`Y' M3)'-YH:/&(I;*($D(URNX]6Y7D^]017SVFK7-RULTI9G4`AE*_-C^Z#&.>/3CCM6^-*LSTDN3_V]R?\`Q5)_95G_ M`,];G_P+D_\`BJ0[-F#;S65I=074.E2++;P^1$QGD.V/^[R.E375_!>W=M=3 MZ6[36K%H6$KC83P3@+Z<5>;3H1K$4`ENO+:W=ROVJ3J&4`_>]S5K^RK/_GK< M_P#@7)_\50))E+_A(Y/^?!O^^F_^)JA>:A)=WUO":Y$B8*G[5(< M`]O`A(ZC,I&1[UC+&,!]SG%H6VEVP6V,V[KURH]JV]5_X_;C_KE;_P#HXUCC M_4_]NA_]%/3)EN=#X?01:6(@21'+(NX]6PYY/O13M$_X\7_Z^)?_`$,T4C6. MP_6?^05-_P`!_P#0A7-=O^V#?^@3UTNL_P#(*F_X#_Z$*YKM_P!L&_\`0)Z9 MG/6,YV=7_`+)3 M$B&.RM;S5&^U6\M5KRV@M5U6.WA2)/*A.U%P,Y;FM"R_Y" MDG_7G#_-ZJ:G][5?^N,/\VI#Z"ZK_P`?MQ_URM__`$<:QQ_J?^W0_P#HIZV- M5_X_;C_KE;_^CC6./]3_`-NA_P#13TR);G1Z)_QXO_U\2_\`H9HHT3_CQ?\` MZ^)?_0S12-5L/UG_`)!4W_`?_0A7-=O^V#?^@3UTNL_\@J;_`(#_`.A"N:[? M]L&_]`GIF<]S3TS_`(_+7_?N?YK4EI]^P_Z_+C_VI4>E_P#'Y:_[]S_-:FM; M6:XM(9;>9(Y(+J=AO0L#EG'J/6D-%NZ_Y"]A])?Y"FZ5_P`@"W_ZX_TI8[.] M:]AN+FYA<0A@%CB*Y)QW+&HH+#4[:T6VCO+8HB[5+6[9Q_WU05KG6M4Z M?J9T\V7VVVV&+RMWV=LXQC/WZ9*)++_D*2?]>YIZ9_P`?EK_UTN?Y MK4MO<7,5K!#:B(O/=3KF7.``SGM]*BTS_C\M?^NES_-:DM/OZ?\`]?EQ_P"U M*0T6H[C4(K^""Z%L4F#8,6X$$`'O45O1WKHX:XB_M%U#\>:IC(Q[<"M0W>L#33 M>XL=HA\W;A^F,XJO;_ZJS_[!+?\`LE7G_P"16;_KR_\`9*9*0/=W\UYY-H+= M0L"2,9=Q.6+<#'^[56^N+M['4+>[$.Z)(V#19P0Q]_I5NR_Y"DG_`%YP_P`W MJIJ?WM5_ZXP_S:D/H+JO_'[MC5?^/VX_P"N M5O\`^CC6./\`4_\`;H?_`$4],B6YT>B?\>+_`/7Q+_Z&:*-$_P"/%_\`KXE_ M]#-%(U6P_6?^05-_P'_T(5S7;_M@W_H$];6M7X9)M.AB>2?8'ZJ%'/&22/3M M6(([S*AK8A?)*L0Z9#%9!Q\W3Y_TIF13V2_9D6=I91AY!L^8;N""3T7TK5LXM8M8#%Y- MDV7=\^9K'_/O9?\`?]__`(FCS-8_Y][+_O\`O_\`$T%E.*UDCN+6 MT8KYBZ:\9(Z9R@IS1ZLVE&Q^PVX)@\K?]I./NXSC;3FAU@Z@EWY-E\L31[?. M?N0<_=]JL>9K'_/O9?\`?]__`(F@5B,PWUM>F:W@BG5H(XSNEV$%2WL?[U5; MZ*Z^R:CPZQ>6GH#5,0WN`IM#M^S&,D2)G?L9?[W3YNM,A[G1Z)_QXO\` M]?$O_H9HJOH-RX3[)<0-%.QDFX967!;H"#VW#K12-8[%F^L9;F8,D5BX`QFX M@+M^>:J_V1[$Q^(@^RM;++_`&2=WG*3QYOL161X8=9+/0K*:;R[ M.1+QW$S6/\`GM8_]^7_`/BJ39K'_/:Q_P"_ M+_\`Q5<;]NO?[%M=3N+A[RWMX9!-`+@Q3>7YC!)U(^\=J]#U[=:T+2&]O_$% M^;6XD2*WOHV=WN&P(C$I:,)TY)]L4!SW.CV:Q_SVLO\`OR__`,52;=8_Y[V/ M_?E__BJY&QC\[2O#DTEY=,][2QS&3CA\YY;>"M(%(WMFL?\]K'_OR_P#\51LUC_GM8_\`?E__`(JN>M[M M$\,:[NO&\X3W:Q$S'<-NXJ%.:,A6.>0N#CZCTKJ:0UJ4+"QDM9&9XK)`1C-M!L/XG)XHJ M_1058P->U6ZT_5M-MH[NVMH+SS1)).F=FU\TW#?97N79 M9-H9$?;E5;GG@@>];.HZ1-?:UIU^)HECL2Y\MD)+[UP><\8JKK7A@ZQJ0NVN M$C,=OY<)\O+1R!PZN#GL1T[C-!FU+5HCNM=LHY;N\&F"2&S9([FY(4.NX`D` M$9(`89YJ$ZU9+*]B^BPB(7;VR*"A#2*F_.W'`([]JGN/#-Q<)>P&\C6WU&1) M;I1&=VX!0VTYX#;1USCFK5EH1M'U&9C`\]Y*\B2>5@QAE`VYZD<4!:39FG7X M)M)@U5]&MW4B'RAYJ,R>8P"@\?+@D'\_2I#XBCB@FN(=&!`N1:SL'4!I"X4< MX^8?-G-(OA2X&B1:5Y]F$C$(+K;D&3RV#?-SSG&/Q-3MX:F71_[+ANXU@CNU MG@W1D^6BN'V=>>1@'TH%[Y6N-&QC<<\#&>#2ZEX:N+^?4)!=0HM[]G^5HRVWRF MSZ\YJ2]T*ZOK"2RD:P-O*'#0FV.Q2<89>?O`Y/XT#]X=J5F8]/-U:6=E;LL3 MR3"6W#G[N=O&._4UFV6K74-KI%W#@Y^M` MVGT'Z=K]O?72O:Z=L:>R^UF5B%9@&*[3@>HZ],4MOXG-W.X,;3 M!6*O_=&/FP.M$6@W\$D$ZW\4D\=H;-WDB.&3.5;`/WAW['VIMWX8>Z2TMVN( MO(LVB:&7ROWT>S&0K9_BQS]30'O6+6G:S/\`_D)V_P#US/\`2N5HHIG+ L4^)A11100%%%%`!1110`4444`%%%%`'6?#[_`)"5U_UQ'\Z***1TT_A/_]D_ ` end GRAPHIC 3 g116162bci002.gif GRAPHIC begin 644 g116162bci002.gif M1TE&.#EAM@`W`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y M!`$`````+`````"U`#8`AP```````!<7%Q$1$08&!A04%!,3$Q(2$AD9&1L; M&P$!`1`0$`L+"Q45%0X.#AH:&@@("`<'!P\/#Q@8&`T-#04%!1P<'`,#`P(" M`A\?'PD)"0P,#!86%@H*"@0$!#(R,C$Q,2\O+R4E)3\_/R,C(S8V-C0T-#4U M-3P\/#@X."LK*RDI*37EU=741$ M1$)"0DY.3E=75UI:6E965EM;6U5554U-34='1UA86%)24DI*2D-#0TA(2%Q< M7$]/3U]?7UE964!`0$M+2T%!06)B8G1T='M[>V!@8'Y^?G5U=7IZ>FEI:6-C M8WQ\?'9V=G=W=V5E96]O;V1D9'EY>6%A87)R'!P<&9F9FIJ:FUM;6MK:WU]?8:&AI>7EYN;FX^/CY24E)J:FH"` M@):6EH6%A9.3DX*"@IB8F)*2DI65E9"0D(&!@8R,C(2$A)RGHV-C8>' MAY&1D8J*BHZ.CH.#@XB(B)F9F8F)B9^?GZ^OK[&QL:FIJ;2TM+N[NZ:FIJBH MJ*6EI:RLK*>GI[BXN+V]O;^_OZVMK;:VMJNKJ[Z^OK*RLK6UM;.SLZ2DI+"P ML*.CH[FYN;JZNK>WMZZNKJ"@H*&AH=75U=#0T,?'Q]'1T=34U-W=W<3$Q,'! MP=O;V]_?W]+2TMG9V MWLO+R]S3DY.+BXNCHZ/S\_/[^_O7U]?;V]OGY^?W]_?CX^.[N[N;FYNOKZ^KJ MZN'AX>#@X/'Q\>_O[_3T].SL[/#P\./CX^WM[?___P$"`P$"`P$"`P$"`P$" M`P$"`P$"`P$"`P$"`P$"`P$"`PC_`.D)'$BPH,&#"!,J7,BPH<.'$"-*G$BQ MHL6+&#-JW(BQFBV.($.*',DQ4X``)%,>K-;#A\J7(*V=#'`+ILH],W$-_`'$ MIL^(`@)<"Y#K)T)='RH&":!I2P!L]++--)I2R":(?`)PVA5`&U6#)Q]N&S(@ M0*9.`3S1"P""'K>9(;Z.#/N00`%ZGU!^[3901``B#;F<-'`25(`B]'@%Z+/V M@)\`WN2&#!5@Q$-1`?[0$_SU1P!`@6;R6B@X0)!NA'L10"#0"$H2*`,DD!RR M2X`2#TTH$'A"[\]O`1:P[21^V8A(-.^J)'Z.2X6P$*"4026P4]+P'(9><8FHS#,@&40X\O M`9!B5%ZE#&1*5PEAHXLAO_1VDCD!K""0-@&@`.`X:[&P'W\!F.%0``P(A)]1 MW01@!$%GE)=0`]XE$0`:1`F41@#`!*`$/3B=\N%&H8'24#`!B`(>8#\%0$!! M"+AHD#`GH;+622T,%``0+NCE@),_5A1:*@VIH1=]1CW@9`!K*+3$2<+00]E) MX`B4W@L!#`,>$UUJ]$4`HS04``STG!(`%QN=4XTJJQ"#CC7G%%1"`,40E`XI M`9APB#'K%905!-<(%,-)B`QD9@`1")1(`*P0I,A5#QUSF$(^,O]DS4:+H,E0 M+P'H\DL`,FS4RDS``@O;20A(@&N%,P30A$/(G+3`0,G,I(Y`3I1'0P`S*,2+ M"=^!1Y=!U)&Z$&;*:+1,`#4(!&4`KABD1`#J!&`#1\N59PXXX03#S!,!!++, M-@49DY]#*+`YT`TG06&EAP(Y%4`B`I$S00!@"@3(5/0<04$47#("[$(!#+`1 M)R?UDNQM@Q8TDQ0$H5,".A>M4^%!3)RDGT%L<'E0+B>U,5`S&"<6@!L"$?AM M!2=E(A"N+H"`DC)I&5)G06^<-`4%`7"'$,]:9T3?244,>](85'Q@`;"16!A8`TD`(9#! MQC`ZS)3"0!D$8$$%`[40`-9.1!1)`))`%,`.#;D:0"0$G<0#07'42$0`[`3@ MDAPTU>QF`+?38R:,T]*#07FP!2&0\@3Q$(`IX,4UT1PS@3")*^GH$L`O]-@2 M`"4":8"\MS3H@5ZX@HM7!*`2]"A+J&H6A8A8(@!;<`@Y`C"(AFR`;TMQ41M0 M`HL`=&%7I!"83N@0`*Z(8"`%.`DT!C*)`"1!(%`(`!L&`D7G%&`!06 MD>H%X!#?*,@P__A$#RP\12`0R!8]/`:OQT!B2MX:00!6*!`QG*02I2/(,K)1 MAX.T\'D,04LOPJA"@E@!`\B!,,P0Q1PMG7/IR$!`21@AT*H@LO'&0,*Y@#&7Y(#Q\$ M8!:..PD'VH$]:02%9Q-0*GXI$#,AL(@GL>5(RG%'NB7$ M3`Q!!]\64H0`%)(>YAC#'3(BHY/H0B"Z^$$%!3*$``0E;A&Q8D)PXO\.>E#G M#)J0C=K>(1!W9``Q*MEE`-Q6$)G@@2'OP$/XLO../B[$"CI;B#X1H@C?N*(# M#9@G>)Y%E7'4,P"0@`=!8!"`>.0I(]')PD3OH`#(Q2A`F4)SRGZ.9$`-+`@!,*$ M6P>+$$$@#E@-B$(E&*&*6QPB`(:X"!X"((^"V(:PF!5(,#ZE@"I8PJ4(,6)& M`N"!@M1@`IDE;'L^8+>%8`.R&7&EYZSTS-3!MC4OA'"(9S:2!9H(I(T&LFU9 M`Q`#AT2+>1L)00`^TM&/"'>KL?"MG^K($3,$((6/?*Y6BP"YAIQH)&"(@U>T MJ]4`^(=<[D7D$`*H,T1U[YPL1K@""(7>DKWX;LJM.+*1JT]BO@!-" MC0!\0B&7",`D!LQ@L?(/(9X(0!X:3&&"(.$N!]%#`+Q9X0I#:74%J1U#.UQA J203``:>@QB>D$``%S(K$,'Z&$&;R@V7`^,8XSK&.=\SC'OOXQQL)"``[ ` end
-----END PRIVACY-ENHANCED MESSAGE-----