HospPropTrustlogoNewton-based Hospitality Properties Trust reported a net loss of $100.4 million for the fourth quarter ended Dec. 31, 2010, compared to the $25.5 million net income reported for the same time in 2009.

Net loss for the fourth quarter was attributed to a $147.3 million net loss on asset impairment, according to a statement.

Funds from operations (FFO) for the fourth quarter were $104.5 million, an increased compared to the reported $86 million FFO for same quarter in 2009.

For the full year 2010, Hospitality Properties Trust reported a net loss of $8.5 million, compared to the $163.5 million net income reported during 2009. The yearly loss is attributed to a $6.7 million loss on extinguishment of debt and a $163.7 million net loss on asset impairment, according to a statement.

FFO for the full year 2010 was reported to be $400 million, compared to the $358.2 million FFO reported for 2009.

HPT Reports 9-Figure Q4 Loss

by Banker & Tradesman time to read: 1 min
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