Newton-based hotel and hospitality focused REIT Hospitality Properties Trust has reported net income available to common shareholders of $40.1 million for the third quarter, down 6.3 percent from $42.8 million at the same time last year despite strong performance in its hotel portfolio.

The company’s hotel portfolio performed well in the third quarter. Compared to the same time last year, average daily rate (ADR) for the quarter ended Sept. 30 increased 4.1 percent to $93.24; occupancy increased 2.6 percentage points to 77 percent; and revenue per available room (RevPAR) increased by 7.7 percent to $71.79.

For the nine-month period ended Sept. 30, net income available for common shareholders was $129.8 million, up more than 41.2 percent compared to $91.9 million for the same period last year, the company said in a statement.

HPT previously announced plans to sell up to 21 Marriott hotels included in its Marriott No. 234 portfolio. The 21 hotels include nine TownePlace Suites hotels, six Residence Inn hotels, five Courtyard hotels and one Marriott hotel. As of Sept. 30, the net book value for these hotels was approximately $131.4 million.

HPT also previously announced plans to sell or re-brand a further 42 hotels as part of its re-alignment agreement with hotel operator InterContinental. As of Sept. 30, the net book value for these 42 hotels was approximately $368 million, the company said.