Hospitality Properties Trust (NYSE: HPT) today announced that it has priced an underwritten public offering of $300 million of 7.875% unsecured Senior Notes due 2014.

The settlement of this sale is expected to occur on August 12, 2009. HPT intends to use the net proceeds of this offering to reduce amounts outstanding under its revolving credit facility.

The joint book-running managers for this offering were Banc of America Securities LLC, UBS Securities LLC and Wells Fargo Securities, LLC. The joint lead managers for this offering were Citigroup Global Markets Inc., Morgan Keegan & Company, Inc., Morgan Stanley & Co. Incorporated and RBC Capital Markets Corporation. The co-managing underwriters for this offering were: BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, Calyon Securities (USA) Inc., Comerica Securities, Inc., Deutsche Bank Securities Inc., Daiwa Securities, Jefferies & Company, Inc., PNC Capital Markets LLC, RBS Securities Inc., SunTrust Robinson Humphrey, Inc. and U.S. Bancorp Investments, Inc.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Copies of the prospectus supplement and the accompanying prospectus may be obtained from the offices of Banc of America Securities LLC, 100 W. 33rd Street, 3rd Floor, New York, NY 10001, Attention: Prospectus Department, (800) 294-1322, from the office of UBS Securities LLC, Attn: Prospectus Department, 299 Park Avenue, New York, New York 10171, (888) 827-7275, or from the offices of Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, 10152, at (800) 326-5897 or email a request to equity.syndicate@wachovia.com.

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns 289 hotels and 185 travel centers located throughout the United States, Puerto Rico and Canada. HPT is headquartered in Newton, MA.

WARNING REGARDING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND THE FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON HPT'S PRESENT EXPECTATIONS, BUT THESE STATEMENTS AND THE IMPLICATIONS OF THESE STATEMENTS MAY NOT OCCUR. FOR EXAMPLE, THIS PRESS RELEASE STATES THAT THE SETTLEMENT OF THE SALE OF SENIOR NOTES IS EXPECTED TO OCCUR ON AUGUST 12, 2009. IN FACT, THE SETTLEMENT OF THIS OFFERING IS SUBJECT TO VARIOUS CONDITIONS AND CONTINGENCIES AS ARE CUSTOMARY IN UNDERWRITING AGREEMENTS IN THE UNITED STATES. IF THESE CONDITIONS ARE NOT SATISFIED OR THE SPECIFIED CONTINGENCIES OCCUR, THIS OFFERING MAY NOT CLOSE. INVESTORS SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the New York Stock Exchange.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.