NEWTON, Mass.--(BUSINESS WIRE)--Hospitality Properties Trust (NYSE: HPT) today announced the appointment of Ms. Donna D. Fraiche as a new Independent Trustee and Mr. John L. Harrington as Lead Independent Trustee.
Ms. Fraiche is a shareholder of the law firm of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC. Among numerous other business and civil leadership positions, she is a past member of the Louisiana Recovery Authority created after hurricanes Katrina and Rita, a past Chair of the Board of Trustees of Loyola University and she currently serves as the Honorary Consul General of Japan for New Orleans. The HPT Board has determined that Ms. Fraiche is an “Independent Trustee” as defined by applicable rules of the New York Stock Exchange, the U.S. Securities and Exchange Commission and HPT’s Declaration of Trust and Bylaws. Ms. Fraiche will chair HPT’s Nominating and Governance Committee.
Previously HPT did not have a Lead Independent Trustee. Mr. Harrington is a certified public accountant and the Executive Director and Chairman of the Yawkey Foundations, one of the largest charitable organizations in New England. Mr. Harrington is the former CEO of the Boston Red Sox Baseball Club and a former director of Fleet Bank, NA. Mr. Harrington was formerly the chair of HPT’s Nominating and Governance Committee and will now chair HPT’s Compensation Committee, while also serving as Lead Independent Trustee.
Ms. Fraiche replaces Dr. Bruce M. Gans, who has retired as an Independent Trustee of HPT. Dr. Gans’s resignation was not the result of any disagreement with HPT.
Hospitality Properties Trust is a real estate investment trust, or REIT, which owns 302 hotels operated by brand owners including Marriott International, Inc., InterContinental Hotels Group, plc., Sonesta International Hotels Corp., Wyndham Hotel Group, Global Hyatt Corporation, Carlson Hotels Worldwide and Morgans Hotel Group. HPT also owns 191 travel centers located along the U.S. Interstate Highway System which are operated by TravelCenters of America LLC. HPT’s properties are located in 45 states, Puerto Rico and Canada. HPT is headquartered in Newton, MA.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the New York Stock Exchange.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
