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...Hospitality Properties, real estate investment trust (REIT), acquired the business of Corporex Companies in October 2004. The REIT owns about a dozen hotels located in Arizona, California, Colorado, Florida, Kentucky, Illinois, New York, Ohio, and Puerto Rico. The properties include full-service or all-suites hotels that operate under the Hilton, Marriott, Hyatt, and Embassy Suites brands. Commonwealth Hotels, which company chairman William Butler chairs and owns, manages most of the REIT's hotels. Butler also owns nearly 20% of Eagle Hospitality Properties.
Shares were up 5% after the real estate investment trust said it was considering putting itself up for sale,...
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