Hospitality Properties Trust's (HPT -4%) Q2 earnings fell 27% and missed estimates as the REIT...

|About: Hospitality Properties Trust (HPT)|By:, SA News Editor

Hospitality Properties Trust's (HPT -4%) Q2 earnings fell 27% and missed estimates as the REIT was hit by higher hotel operating costs and overhead expenses that masked revenue growth. HPT is in the midst of a two-year program to renovate its hotels, which should help long-term performance but is posing a short-term drag on occupancies and other metrics.