UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
 Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934)
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Soliciting Material Pursuant to 240.14a-12 [ ]
RMR Hospitality and Real Estate Fund
 (Name of Registrant as Specified In Its Charter)
BULLDOG INVESTORS GENERAL PARTNERSHIP
 (Name of Person(s) Filing Proxy Statement, if other than the
Registrant)
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Bulldog Investors General Partnership
Park 80 West - Plaza Two
Saddle Brook, NJ 07663
(201) 556-0092
Fax: (201)556-0097
pgoldstein@bulldoginvestors.com

February 6, 2007

Dear Fellow Shareholder of RMR Hospitality & Real Estate Fund:

As you probably know, our Fund's shares have been trading at a
double-digit discount from net asset value for several years.
We wrote several letters to management asking it to address
this problem but were consistently rebuffed.  Consequently,
last November we notified management that we would
(1) nominate two persons for election as trustees at the
2007 annual shareholder meeting and (2) present a
proposal to terminate the Fund's advisory agreement
with RMR Advisers, Inc.

Management responded by filing a lawsuit to prevent us
(or any public shareholder) from owning more shares of
the Fund than RMR.  Apparently, the board and RMR
consider us a threat to their domination of the Fund.
The lawsuit harms all shareholders because, as management
acknowledges, it could have a "materially adverse
impact upon" the Fund's NAV.  We can easily see 5% of the
NAV being lost due to unnecessary legal expenses. This is
a shameful waste of the Fund's
assets.

That is why we are offering shareholders an alternative.  If
our nominees are elected we will commence a tender offer
promptly after the annual meeting to purchase all shares of
the Fund's common stock at a price of 98% of NAV.

To illustrate, on February 3, 2007 the Fund's NAV was $27.21
whereas the market price was only $23.94, i.e., a discount of 12%.
If that date was the pricing date of our tender offer, we would
buy all common shares tendered to us at 98% of $27.21 or $26.67.
That is $2.73 per share more than the market price
if there is no pending lawsuit opposing our tender offer
(including the aforementioned lawsuit brought by the Fund)
or other legal impediment to our acquiring additional shares.

The choice is yours.  You can vote for our nominees and pave
the way for a tender offer that will allow you to sell your shares
at a significant premium to the market price.  Or you can vote for
the status quo including the continuation of a lawsuit that will
continue to deplete NAV week after week and a "do nothing"
policy regarding the Fund's discount.

Please vote your proxy online at WWW.PROXYVOTE.COM or by telephone
at 1-800-454-8683 if your shares are held in street name.
Alternatively, you can mail the GREEN proxy card in the enclosed
envelope but please do it today.

Very truly yours,


Phillip Goldstein


PROXY STATEMENT OF BULLDOG INVESTORS GENERAL PARTNERSHIP, A
STOCKHOLDER OF RMR HOSPITALITY & REAL ESTATE FUND
IN OPPOSITION TO THE SOLICITATION BY THE BOARD OF TRUSTEES AT THE ANNUAL
MEETING OF SHAREHOLDERS ON MARCH 8, 2007

Bulldog Investors General Partnership ("BIGP"), a stockholder of RMR
Hospitality & Real Estate Fund (the "Fund"), is sending this proxy
statement and the enclosed GREEN proxy card to common and preferred
stockholders of the Fund of record as of December 11, 2006.
We are soliciting a proxy to vote your shares at the Annual
Meeting of Shareholders of the Fund (the "Meeting") which is
scheduled for March 8, 2007.  Please refer to the Fund's proxy
soliciting material for additional information concerning the
Meeting and the matters to be considered by shareholders
including the election of trustees.  This proxy statement
and the enclosed GREEN proxy card are first being sent to
common and preferred stockholders of the Fund on or
about February 6, 2007.

INTRODUCTION

There are two matters that the Fund has scheduled to be voted
upon at the Meeting:
(1) the election of one trustee by the holders of preferred shares and
(2) the election of one trustee by the holders of common and
preferred shares, voting together as a single class.  In addition,
we intend to submit (3) a proposal to terminate the Fund's advisory
agreement with RMR Advisers, Inc. and (4) a proposal that seeks to
bar the trustees from taking any action to prevent shareholders
from accepting a tender offer for a price that is greater than the
Fund's market price.  We are soliciting a proxy to vote your shares
FOR the election of our nominees as trustees and FOR our proposals.

Reasons for the Solicitation
The Fund's market capitalization is less than $60 million and it has a
very high expense ratio which cuts deeply into shareholder returns.
Soon after the Fund's common shares began trading in April 2004
they fell to a double-digit discount to their net asset value -
a discount that has persisted since then.   For example, on
February 3, 2007 the Fund's NAV was $27.21 compared to a market
price of only $23.94, i.e., a discount of 12%.

We made several requests to RHR's management to address the discount
but all of our requests were rejected.  We then notified management
that we intended to (1) nominate two persons for election as trustees
at the 2007 annual shareholder meeting and (2) present a proposal
to terminate the Fund's advisory agreement with RMR Advisers, Inc.

Management responded by convincing the trustees to file a lawsuit
to prevent us (or any public shareholder) from beneficially owning
more shares of the Fund than RMR Advisers.  It is clear from the
Fund's court filings that management sees us as a threat to its
domination of the Fund and to its fee stream.  We believe the
real reason for the lawsuit is to remove that threat.  After all,
would any manager that believes it has a fiduciary duty to shareholders
prosecute a lawsuit like this one that will not increase the Fund's
NAV by one pennybut could have, as management itself has admitted, a
"materially adverse impact upon" the Fund's NAV?

We are conducting this solicitation in order to (1) get rid of a
manager that places its own interest ahead of that of shareholders
and refuses to even discuss measures to address the Fund's persistent
double-digit discount, (2) elect trustees that will seriously
consider such measures, and (3) bar the trustees from taking any
action to limit shareholders from accepting a tender offer
for a price that is greater than the Fund's market price.

If (1) our nominees are elected and (2) there is no pending lawsuit
opposing our tender offer (including the aforementioned lawsuit
brought by the Fund) or legal impediment to our acquisition of
additional shares, then we will commence a tender offer promptly
after the Meeting to purchase all shares of the Fund's common stock
at a price of 98% of NAV.  Our second proposal seeks to bar the
trustees from taking any action to prevent shareholders from accepting
such a tender offer or to prevent us from buying or owning any shares
that are tendered.

How Proxies Will Be Voted
If you wish to vote FOR the election of our nominees and/or to vote
on our proposals, you may do so by completing and returning a GREEN proxy
card to us or to our agent.  Unless you direct otherwise, your shares will
be voted FOR the election of our nominees and FOR our proposals.
In addition, you will be granting the proxy holders discretionary
authority to vote on any other matters that may come before the Meeting
including matters relating to the conduct of the Meeting.

Voting Requirements

A trustee representing the preferred shareholders must be elected by the
affirmative vote of a plurality of the Fund's preferred shares, voting as
a class.  A trustee representing all the shareholders must be elected by
the affirmative vote of a plurality of the Fund's common shares and
preferred shares, voting together as a class. The proposal to terminate
the advisory agreement between RMR Advisers, Inc. and the Fund requires
the lesser of the affirmative vote of (1) 67% of the shares present
at the Meeting provided more than 50% of the Fund's outstanding shares are
represented at the Meeting or (2) more than 50% of the outstanding shares.
Abstentions will be treated as votes against the proposal.  The proposal to
bar the trustees from taking any action to limit the shareholders from
accepting a tender offer above the market price will be approved if it
receives the affirmative vote of a majority of the votes cast.

Revocation of Proxies
You may revoke any proxy prior to its exercise by: (i) delivering a
written revocation to us; (ii) executing and delivering a later
dated proxy; or (iii) voting in person at the Meeting or the
Alternate Meeting described below.  Attendance at the Meeting
or Alternate Meeting will not in and of itself revoke a proxy.
There is no limit on the number of times you may revoke your
proxy before it is exercised.  Only your latest dated proxy
will be counted.

PROPOSAL 1: ELECTION OF TRUSTEES

At the Meeting, we intend to nominate Andrew Dakos and
Phillip Goldstein respectively for election as trustees by
(1) the holders of preferred shares and (2) the holders of common
and preferred shares, voting together as a single class.
Each nominee has consented to being named in this proxy statement
and to serve as a trustee if elected.  Unless noted, each nominee
is independent and neither personally owns shares or has any
arrangement or understanding with any person with respect to any
future employment by the Fund or by any affiliate of
the Fund.  We do not know of any material conflicts of interest
that would prevent either nominee from acting in the best interest
of the Fund.  Please refer to the Fund's proxy soliciting material
for additional information concerning the election of trustees.

Andrew Dakos (born 1966); Park 80 West, Plaza Two, Suite C04, Saddle Brook,
NJ 07663 - Mr. Dakos is a self-employed investment advisor and a principal
of the general partner of three investment partnerships in the Bulldog
Investors group of funds: Opportunity Partners L.P., Opportunity
Income Plus Fund L.P., and Full Value Partners L.P. and President of
Elmhurst Capital, Inc. an investment advisory firm.  He has been a
director of the Mexico Income and Equity Fund since 2001.

Phillip Goldstein (born 1945); 60 Heritage Drive, Pleasantville, NY 10570 -
Mr. Goldstein is an investment advisor and a principal of the general
partner of three investment partnerships in the Bulldog Investors group
of funds: Opportunity Partners L.P., Opportunity Income Plus
Fund L.P., and Full Value Partners L.P.  He has been a director
of the Mexico Income and Equity Fund since 2000, Brantley Capital
Corporation since 2001, the Emerging Markets Telecommunications
Fund since 2005 and the First Israel Fund since 2005.

Mr. Goldstein and his wife jointly beneficially own 6,000 common shares
of the Fund which they purchased in May 2006.  Mr. Dakos and
Mr. Goldstein are principals of Kimball & Winthrop, Inc., the
Managing General Partner of BIGP.  Kimball & Winthrop beneficially
owns 20,000 common shares of the Fund which it purchased in July 2006.
Each nominee has consented to serve as a trustee if elected.
There are no arrangements or understandings between BIGP and either
nominee in connection with the nominations.

PROPOSAL 2:  THE ADVISORY AGREEMENT BETWEEN RMR ADVISERS, INC. AND THE
FUND SHALL BE TERMINATED.

The purpose of this proposal is to get rid of an investment advisor
that places its own interest ahead of that of shareholders and refuses
to even discuss measures to address the Fund's persistent
double-digit discount. If the advisory agreement is terminated the
board will have to determine whether to seek a new advisor, liquidate
the Fund, seek a merger partner or to pursue some other option.
Unless instructions to the contrary are given, your proxy
will be voted in favor of this proposal.

PROPOSAL 3: NOTWITHSTANDING ANY PROVISION IN THE FUND'S ORGANIZING
DOCUMENTS TO THE CONTRARY THE TRUSTEES SHALL NOT TAKE ANY ACTION THAT
WOULD HAVE THE EFFECT OF LIMITING THE ABILITY OF SHAREHOLDERS TO TENDER
THEIR SHARES AT A PRICE THAT IS GREATER THAN THE FUND'S STOCK PRICE.

We will commence a tender offer promptly after the Meeting to purchase all
shares of the Fund's common stock at 98% of NAV if (1) our nominees
are elected and (2) there is no pending lawsuit opposing our tender
offer (including the aforementioned lawsuit brought by the Fund)
or legal impediment to our acquisition of additional shares.

The legal effect of this proposal is uncertain and management may refuse to
allow a formal vote on it.  Nevertheless, we believe that significant
shareholder support for this proposal will be a mandate to the trustees
and may preclude them from taking any action that would have the effect
of preventing the consummation of our tender offer.  Unless instructions
to the contrary are given, your proxy will be voted in favor
of this proposal.

THE SOLICITATION

Persons affiliated with or employed by BIGP or its affiliates may
assist us in the solicitation of proxies.  Banks, brokerage houses
and other custodians, nominees and fiduciaries will be requested to
forward this proxy statement and the enclosed GREEN proxy card to the
beneficial owners of common and preferred shares for whom
they hold shares of record.  We will reimburse these organizations
for their reasonable out-of-pocket expenses.

Initially, we will bear all of the expenses related to this proxy
solicitation.  Because we believe that all shareholders will benefit
from this solicitation, we intend to seek reimbursement of our expenses
from the Fund.  Shareholders will not be asked to vote on the
reimbursement of our solicitation expenses which we estimate will
be $10,000.  There is no arrangement or understanding
involving BIGP or any of our affiliates relating to future
employment by or any future transaction with the Fund or any
of its affiliates.

Other than as set forth in this Proxy Statement, there are no
contracts, arrangements, or understandings entered into by any
of the participants in the solicitation or, to the participants'
knowledge, any of their respective associates within the past year
with any person with respect to any of the Fund's securities,
including, but not limited to, joint ventures, loan or option
arrangements, puts or calls, guarantees against loss or guarantees
of profit, division or losses or profits, of the giving or
withholding of proxies.  In addition, except as set forth in
the Proxy Statement, none of the participants in the solicitation or,
to the participants' knowledge, any of their associates has
entered into any agreement or understanding with any person with
respect to: (i) any future employment by the Fund or its
affiliates; or (ii) any futuretransactions to which the Fund or
any of its affiliates will or may be a party.

BIGP is the soliciting stockholder.  As of February 2, 2007,
BIGP beneficially owned 217,400 shares of the Fund, all of
which were purchased between April 2005 and November 2006.
As noted above, both of our nominees are affiliated
with BIGP.  On February 2, 2007, BIGP sold 125,000 shares
of the Fund.

February 6, 2007


PROXY CARD

Proxy Solicited in Opposition to the Board of Trustees of
RMR Hospitality & Real Estate Fund
(The "Fund") by Bulldog Investors General Partnership ("BIGP")
for the 2007 Annual Meeting of Shareholders

The undersigned hereby appoints Phillip Goldstein, Rajeev Das,
Andrew Dakos, and Tom Antonucci and each of them, as the
undersigned's proxies, with full power of substitution, to
attend the Annual Meeting of Shareholders of the Fund, Inc.
and any adjourned or postponed Meeting, and to vote on all
matters that come before the Meeting the number of shares
that the undersigned would be entitled to vote if present
in person, as specified below.

(INSTRUCTIONS:  Mark votes by placing an "x" in the appropriate [  ].)

1.	ELECTION OF ONE TRUSTEE (Preferred Shares Only)

[ ] FOR ANDREW DAKOS 				[ ] WITHHOLD AUTHORITY

2.	ELECTION OF ONE TRUSTEE (Preferred and Common Shares)

[ ] FOR PHILLIP GOLDSTEIN 			[ ] WITHHOLD AUTHORITY

3:  THE ADVISORY AGREEMENT BETWEEN RMR ADVISERS, INC. AND THE FUND
    SHALL BE TERMINATED.

FOR [   ]			AGAINST [   ]		ABSTAIN [   ]

4: NOTWITHSTANDING ANY PROVISION IN THE FUND'S ORGANIZING DOCUMENTS TO THE
CONTRARY THE TRUSTEES SHALL NOT TAKE ANY ACTION THAT WOULD HAVE THE
EFFECT OF LIMITING THE ABILITY OF SHAREHOLDERS TO TENDER THEIR SHARES AT A
PRICE ABOVE THE FUND?S STOCK PRICE.

FOR [   ]			AGAINST [   ]		ABSTAIN [   ]

Please sign and date below.  Your shares will be voted as directed.
If no direction is made, this proxy will be voted FOR the election
of the nominees named above and FOR Proposals 3 and 4.  The undersigned
hereby acknowledges receipt of the proxy statement dated February 6, 2007
of BIGP and revokes any proxy previously
executed.


Signature(s)___________________________________  	Dated: _______________