As of my last update in September 2021, Hospitality Investors Trust (HIT) was a real estate investment trust (REIT) specializing in hospitality assets. A REIT is a company that owns, operates, or finances income-generating real estate in various sectors, and in HIT's case, they focused on properties within the hospitality industry. The main objective of HIT was to generate income and growth for its investors by owning and operating a portfolio of hotel properties. They typically acquired full-service hotels, resorts, and other hospitality assets across different regions in the United States.