Newton-based Hospitality Properties Trust has reported net income for the first quarter of $53.6 million, compared to 45.9 million in the same period a year ago – a 16.8 percent increase.

The results for the quarter include "a gain on extinguishment of debt of $26.6 million relating to HPT’s repurchase of $121.3 million face amount of its 3.8 percent convertible senior notes for $87.5 million," according to HPT.

The trust also said it has suspended its regular quarterly common dividend for the remainder of 2009.