2013 Q1 Form 10-K Financial Statement

#000104746913002026 Filed on March 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 2011 Q4
Revenue $354.5M $1.297B $295.9M
YoY Change 17.6% 7.16% 10.47%
Cost Of Revenue $206.6M $700.9M $145.8M
YoY Change 37.73% 17.48% 28.46%
Gross Profit $147.8M $596.0M $150.1M
YoY Change -2.38% -2.88% -2.72%
Gross Profit Margin 41.7% 45.95% 50.73%
Selling, General & Admin $12.10M $44.00M $10.20M
YoY Change 15.24% 7.32% 6.25%
% of Gross Profit 8.19% 7.38% 6.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $72.28M $260.8M $57.20M
YoY Change 17.79% 14.23% -2.72%
% of Gross Profit 48.9% 43.76% 38.11%
Operating Expenses $84.40M $304.9M $67.40M
YoY Change 17.22% 13.22% -1.46%
Operating Profit $63.12M $278.5M $82.70M
YoY Change -18.63% -14.54% -3.73%
Interest Expense $35.19M $136.1M -$33.90M
YoY Change 3.21% 1.49% 1.8%
% of Operating Profit 55.75% 48.88% -40.99%
Other Income/Expense, Net
YoY Change
Pretax Income $27.95M $153.2M $38.50M
YoY Change -35.88% -20.12% -140.65%
Income Tax $518.0K $1.612M $300.0K
% Of Pretax Income 1.85% 1.05% 0.78%
Net Earnings $27.51M $151.9M $38.22M
YoY Change -35.96% -20.23% -141.09%
Net Earnings / Revenue 7.76% 11.71% 12.92%
Basic Earnings Per Share $0.15 $0.84 $0.25
Diluted Earnings Per Share $219.3K $0.84 $309.3K
COMMON SHARES
Basic Shares Outstanding 123.6M shares 123.6M shares
Diluted Shares Outstanding 123.6M shares

Balance Sheet

Concept 2013 Q1 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.00M $20.00M $8.300M
YoY Change -87.85% 140.96% 69.39%
Cash & Equivalents $18.04M $20.00M $8.303M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $34.20M
Other Receivables $0.00
Total Short-Term Assets $18.00M $54.20M $8.300M
YoY Change -87.85% 553.01% 69.39%
LONG-TERM ASSETS
Property, Plant & Equipment $5.351B $5.348B $4.873B
YoY Change 6.54% 9.75% -1.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $37.90M $40.70M $68.60M
YoY Change -51.47% -40.67% -21.78%
Total Long-Term Assets $5.641B $5.581B $5.125B
YoY Change 5.84% 8.9% -1.2%
TOTAL ASSETS
Total Short-Term Assets $18.00M $54.20M $8.300M
Total Long-Term Assets $5.641B $5.581B $5.125B
Total Assets $5.659B $5.636B $5.134B
YoY Change 3.31% 9.78% -1.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $118.1M $141.6M $107.4M
YoY Change 9.55% 31.84% -2.54%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $145.4M $174.8M $218.6M
YoY Change -29.35% -20.04% -1.0%
LONG-TERM LIABILITIES
Long-Term Debt $2.413B $2.722B $2.116B
YoY Change 5.05% 28.68% 0.21%
Other Long-Term Liabilities $4.500M
YoY Change
Total Long-Term Liabilities $2.413B $2.727B $2.116B
YoY Change 5.05% 28.89% 0.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $145.4M $174.8M $218.6M
Total Long-Term Liabilities $2.413B $2.727B $2.116B
Total Liabilities $2.558B $2.902B $2.334B
YoY Change 2.23% 24.31% 0.1%
SHAREHOLDERS EQUITY
Retained Earnings $2.412B $2.233B
YoY Change
Common Stock $1.397M $3.465B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.101B $2.734B $2.799B
YoY Change
Total Liabilities & Shareholders Equity $5.659B $5.636B $5.134B
YoY Change 3.31% 9.78% -1.13%

Cashflow Statement

Concept 2013 Q1 2012 2011 Q4
OPERATING ACTIVITIES
Net Income $27.51M $151.9M $38.22M
YoY Change -35.96% -20.23% -141.09%
Depreciation, Depletion And Amortization $72.28M $260.8M $57.20M
YoY Change 17.79% 14.23% -2.72%
Cash From Operating Activities $45.20M $363.9M $106.4M
YoY Change -25.9% 2.48% 4.21%
INVESTING ACTIVITIES
Capital Expenditures -$64.50M -$712.6M -$75.50M
YoY Change -71.49% 437.81% 75.99%
Acquisitions
YoY Change
Other Investing Activities -$16.30M $0.00
YoY Change -142.67% -100.0%
Cash From Investing Activities -$64.50M -$728.9M -$75.50M
YoY Change -71.49% 672.96% 25.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $393.5M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.30M 376.8M -29.10M
YoY Change -94.33% -246.39% -30.88%
NET CHANGE
Cash From Operating Activities 45.20M 363.9M 106.4M
Cash From Investing Activities -64.50M -728.9M -75.50M
Cash From Financing Activities 17.30M 376.8M -29.10M
Net Change In Cash -2.000M 11.80M 1.800M
YoY Change -101.43% 247.06% -1900.0%
FREE CASH FLOW
Cash From Operating Activities $45.20M $363.9M $106.4M
Capital Expenditures -$64.50M -$712.6M -$75.50M
Free Cash Flow $109.7M $1.077B $181.9M
YoY Change -61.8% 120.78% 25.45%

Facts In Submission

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3421000 USD
CY2010 us-gaap Net Cash Provided By Used In Continuing Operations
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-125517000 USD
CY2012 us-gaap Interest Paid
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CY2011 us-gaap Interest Paid
InterestPaid
127131000 USD
CY2010 us-gaap Interest Paid
InterestPaid
135929000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
1535000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
1354000 USD
CY2010 us-gaap Income Taxes Paid
IncomeTaxesPaid
1553000 USD
CY2012 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
-119460000 USD
CY2011 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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-144436000 USD
CY2010 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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-102909000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2595000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1366000 USD
CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1018000 USD
CY2012 hpt Property Managers Deposits In Ff And E Reserve
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23364000 USD
CY2011 hpt Property Managers Deposits In Ff And E Reserve
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50834000 USD
CY2010 hpt Property Managers Deposits In Ff And E Reserve
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60631000 USD
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CY2010Q4 us-gaap Stockholders Equity
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2860241000 USD
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1366000 USD
CY2012 us-gaap Nature Of Operations
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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="FONT-FAMILY: times"><font size="2"><b>1. Organization</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Hospitality Properties Trust, or HPT, we, our or us, is a real estate investment trust, or REIT, organized on February&#160;7, 1995, under the laws of the State of Maryland, which invests in real estate used in hospitality industries. At December&#160;31, 2012, HPT, directly and through subsidiaries, owned or leased 289 hotels and 185 travel centers.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;At December&#160;31, 2012, our properties were leased or managed by subsidiaries of the following companies: Host Hotels and Resorts,&#160;Inc., or Host, Marriott International,&#160;Inc., or Marriott, InterContinental Hotels Group&#160;PLC, or InterContinental, Hyatt Hotels Corporation, or Hyatt, Carlson Hotels Worldwide, or Carlson, Sonesta International Hotels Corporation, or Sonesta, Wyndham Hotel Group, or Wyndham, Morgans Hotel Group, or Morgans, and TravelCenters of America&#160;LLC, or TA. Hereinafter these companies are sometimes referred to as managers and/or tenants.</font></p></div>
CY2012 dei Entity Registrant Name
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HOSPITALITY PROPERTIES TRUST
CY2012 dei Entity Central Index Key
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0000945394
CY2012 dei Document Type
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10-K
CY2012 dei Document Period End Date
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2012-12-31
CY2012 dei Amendment Flag
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false
CY2012 dei Current Fiscal Year End Date
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CY2012 dei Entity Current Reporting Status
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Yes
CY2012 dei Entity Filer Category
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Large Accelerated Filer
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123637424 shares
CY2012 dei Document Fiscal Year Focus
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2012
CY2012 dei Document Fiscal Period Focus
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FY
CY2012Q2 dei Entity Public Float
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3000000000 USD
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Entity Voluntary Filers
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No
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CY2011 us-gaap Operating Leases Income Statement Minimum Lease Revenue
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CY2010 us-gaap Operating Leases Income Statement Minimum Lease Revenue
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-275440000 USD
CY2011 us-gaap Real Estate Improvements
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-69345000 USD
CY2012 hpt Payments For Ff And E Reserve
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81644000 USD
CY2011 hpt Payments For Ff And E Reserve
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63177000 USD
CY2010 hpt Payments For Ff And E Reserve
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97816000 USD
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34204000 USD
CY2011 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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6905000 USD
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5690000 USD
CY2010 us-gaap Payments To Acquire Equity Method Investments
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76000 USD
CY2011 us-gaap Increase Decrease In Security Deposits
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37000000 USD
CY2010 us-gaap Increase Decrease In Security Deposits
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CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-94307000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-122203000 USD
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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'><font size="2"><b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Use of Estimates.</b></font><font size="2">&#160;&#160;&#160;&#160;The preparation of financial statements in conformity with United States generally accepted accounting principles, or GAAP, requires us to make estimates and assumptions that affect reported amounts. Actual results could differ from those estimates. Significant estimates in our consolidated financial statements include the allowance for doubtful accounts, purchase price allocations, useful lives of real estate and impairment.</font></div>
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CY2012 hpt Reporting Segments Number
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2 segment
CY2010 us-gaap Common Stock Dividends Per Share Declared
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1.80
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4343991000 USD
CY2012Q4 hpt Ownership Percentage Held In Subsidiary
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1.00 pure
CY2011Q4 hpt Indefinite And Finite Lived Intangible Assets Net
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117254000 USD
CY2012Q4 hpt Indefinite And Finite Lived Intangible Assets Net
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138153000 USD
CY2012Q4 us-gaap Deferred Finance Costs Net
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15062000 USD
CY2011Q4 us-gaap Deferred Finance Costs Net
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12542000 USD
CY2012Q4 us-gaap Accumulated Amortization Deferred Finance Costs
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CY2011Q4 us-gaap Accumulated Amortization Deferred Finance Costs
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30364000 USD
CY2012 hpt Future Amortization Of Financing Costs Year One
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4081000 USD
CY2012 hpt Future Amortization Of Financing Costs Year Two
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3892000 USD
CY2012 hpt Future Amortization Of Financing Costs Year Three
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2838000 USD
CY2012 hpt Future Amortization Of Financing Costs Year Four
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1526000 USD
CY2012 hpt Future Amortization Of Financing Costs Year Five
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812000 USD
CY2012 hpt Future Amortization Of Financing Costs After Year Five
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1913000 USD
CY2012 us-gaap Common Stock Dividends Per Share Declared
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CY2012 hpt Common Stock Dividends Paid As Percentage Of Ordinary Income
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CY2010 hpt Common Stock Dividends Paid As Percentage Of Ordinary Income
CommonStockDividendsPaidAsPercentageOfOrdinaryIncome
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CY2011 hpt Common Stock Dividends Paid As Percentage Of Ordinary Income
CommonStockDividendsPaidAsPercentageOfOrdinaryIncome
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CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2011Q4 hpt Furniture Fixtures And Equipment
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CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
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-184000 USD
CY2011 us-gaap Deferred Income Tax Expense Benefit
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CY2012 hpt Increase Decrease Operating Agreements Annual Minimum Returns And Rents
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27813000 USD
CY2010 us-gaap Deferred Income Tax Expense Benefit
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CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1016000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-535000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-80000 USD
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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0.350 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.043 pure
CY2011 hpt Increase Decrease Operating Agreements Annual Minimum Returns And Rents
IncreaseDecreaseOperatingAgreementsAnnualMinimumReturnsAndRents
11346000 USD
CY2010 hpt Increase Decrease Operating Agreements Annual Minimum Returns And Rents
IncreaseDecreaseOperatingAgreementsAnnualMinimumReturnsAndRents
9782000 USD
CY2012 hpt Real Estate Improvements Funded
RealEstateImprovementsFunded
357084000 USD
CY2011 hpt Real Estate Improvements Funded
RealEstateImprovementsFunded
132522000 USD
CY2010 hpt Real Estate Improvements Funded
RealEstateImprovementsFunded
97816000 USD
CY2012 hpt Amortization Period For Security Deposit Liability
AmortizationPeriodForSecurityDepositLiability
P15Y
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
180000 USD
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1383000 USD
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
144000 USD
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1707000 USD
CY2010 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
928000 USD
CY2010 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-106000 USD
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
822000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1274000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1488000 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-134000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2628000 USD
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-205000 USD
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.002 pure
CY2011 hpt Effective Income Tax Rate Reconciliation Alternate Minimum Tax
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0.001 pure
CY2010 hpt Effective Income Tax Rate Reconciliation Alternate Minimum Tax
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0.000 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.003 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.002 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.061 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.057 pure
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.007 pure
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.004 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.350 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.010 pure
CY2012 hpt Effective Income Tax Rate Reconciliation Alternate Minimum Tax
EffectiveIncomeTaxRateReconciliationAlternateMinimumTax
0.000 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.071 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.010 pure
CY2011Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
12014000 USD
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
77104000 USD
CY2011Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
11473000 USD
CY2011Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
100591000 USD
CY2011Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
100180000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
411000 USD
CY2011Q4 hpt Deferred Tax Liabilities Foreign Income Tax Basis Differential
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9185000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities
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CY2011Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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96505000 USD
CY2012Q4 us-gaap Deferred Tax Assets Other
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CY2012Q4 us-gaap Deferred Tax Assets Gross
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CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2012Q4 us-gaap Deferred Tax Assets Net
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3860000 USD
CY2012Q4 hpt Deferred Tax Liabilities Foreign Income Tax Basis Differential
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CY2012Q4 us-gaap Deferred Tax Liabilities
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CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012 hpt Aggregate Per Common Share Amount Period
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CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Accumulated Depreciation
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Revenues
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CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012Q1 us-gaap Earnings Per Share Basic
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CY2012Q2 us-gaap Revenues
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CY2012Q2 us-gaap Net Income Loss
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CY2012Q4 us-gaap Earnings Per Share Basic
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CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2012Q4 us-gaap Assets
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CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
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CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements
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CY2011Q4 us-gaap Debt Instrument Unamortized Discount
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CY2012Q4 us-gaap Long Term Debt
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CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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CY2012Q4 us-gaap Debt Instrument Carrying Amount
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CY2012Q4 us-gaap Number Of Real Estate Properties
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CY2012 hpt Real Estate Properties Number Of States
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44 item
CY2012 hpt Management Agreement Aggregate Managed Hotels Net Operating Results Less Than Minimum Returns
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CY2011 hpt Management Agreement Aggregate Managed Hotels Net Operating Results Less Than Minimum Returns
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CY2012 hpt Reduction To Operating Expenses
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CY2011 hpt Reduction To Operating Expenses
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CY2011Q4 us-gaap Real Estate Gross At Carrying Value
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CY2012Q4 us-gaap Real Estate Gross At Carrying Value
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CY2009Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
973801000 USD
CY2011Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1181413000 USD
CY2012Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1324728000 USD
CY2010 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
170634000 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
164706000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
182782000 USD
CY2010 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
10511000 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
5205000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
19604000 USD
CY2011 hpt Real Estate Accumulated Depreciation Cost Basis Adjustment
RealEstateAccumulatedDepreciationCostBasisAdjustment
-112012000 USD
CY2012 hpt Real Estate Accumulated Depreciation Cost Basis Adjustment
RealEstateAccumulatedDepreciationCostBasisAdjustment
-19863000 USD
CY2012Q4 us-gaap Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
3875275000 USD
CY2011 us-gaap Dividends
Dividends
252119000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
280107000 USD
CY2012 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
228266000 USD
CY2010 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
-1058000 USD
CY2010 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
1018000 USD
CY2010 us-gaap Dividends
Dividends
252002000 USD
CY2012 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
2595000 USD
CY2012 us-gaap Dividends
Dividends
265044000 USD
CY2012 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
-889000 USD
CY2012Q4 hpt Number Of Management Agreements Or Leases
NumberOfManagementAgreementsOrLeases
12 Agreement
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
234459000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
234589000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
235359000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
235442000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
235539000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
3023171000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
4198559000 USD
CY2012 hpt Hotel Management Agreements And Leases Unguaranteed Portion Of Minimum Returns
HotelManagementAgreementsAndLeasesUnguaranteedPortionOfMinimumReturns
30592000 USD
CY2011 hpt Hotel Management Agreements And Leases Unguaranteed Portion Of Minimum Returns
HotelManagementAgreementsAndLeasesUnguaranteedPortionOfMinimumReturns
1493000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
700000000 USD
CY2012Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
400000000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
4243000000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
951000000 USD
CY2011Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3463534000 USD
CY2012Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3458144000 USD
CY2012Q4 hpt Investment Building Improvements And Equipment
InvestmentBuildingImprovementsAndEquipment
5445710000 USD
CY2012Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6899109000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1551160000 USD
CY2012Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5347949000 USD
CY2012Q4 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
40744000 USD
CY2012Q4 us-gaap Other Assets
OtherAssets
226383000 USD
CY2012Q4 us-gaap Senior Notes
SeniorNotes
1993880000 USD
CY2012Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
26577000 USD
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
132032000 USD
CY2012Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
13696000 USD
CY2012Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
6664000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2384876000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
2770000 USD
CY2012Q4 hpt Cumulative Preferred Stock Distributions
CumulativePreferredStockDistributions
253426000 USD
CY2012 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
10602000 USD
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123574000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123574000 shares
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2012 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-50540000 USD
CY2012 hpt Property Plant Equipment Impairment Charges
PropertyPlantEquipmentImpairmentCharges
-165000000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
1454000000 USD
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7658000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
1431000000 USD
CY2012 hpt Operating Leases Average Remaining Current Terms
OperatingLeasesAverageRemainingCurrentTerms
P16Y3M18D
CY2010 us-gaap Real Estate Improvements
RealEstateImprovements
-7091000 USD
CY2012Q4 hpt Unsecured Senior Notes Total
UnsecuredSeniorNotesTotal
2002358000 USD

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