Newton REIT Hospitality Properties Trust (HPT) has reported a second-quarter net income of $51 million, compared to a net loss of $19.5 million in the same period last year.

For the six months ending June 30, the trust reported net income of $112.1 million, compared to net income of $33.9 million in the same period a year ago.

During the second quarter of 2009, HPT repurchased $13.5 million of its 3.8 percent convertible senior notes at a total cost of $11.1 million, excluding accrued interest, the trust said. These purchases were made using borrowings under the company’s revolving credit facility.

In June, HPT sold 17.5 million common shares of beneficial interest at a price of $11.50 per share in a public offering. HPT used the net proceeds from this sale (approximately $192.4 million after underwriting and other offering expenses) to repay a portion of the borrowings outstanding under HPT’s revolving credit facility.

During the six months ended June 30, all payments due to HPT under its hotel leases and management contracts were paid when due except for certain payments from Marriott International Inc. and Barceló Crestline Corp.