Hospitality Properties Trust Announces Underwriters' Exercise of Option to Purchase 2.1M Additional Shares

Hospitality Properties Trust HPT today announced that the underwriters of its public offering have exercised, in full, their option to purchase an additional 2,100,000 common shares. The sale of the additional common shares and the sale of the original public offering of 14,000,000 common shares are expected to close on Friday, March 22, 2013. The joint bookrunning managers for the common share offering are Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities. The joint co-lead managers are Citigroup, Jefferies, RBC Capital Markets and UBS Investment Bank. The co-managers are BB&T Capital Markets, Janney Montgomery Scott, JMP Securities, MLV & Co., Inc. and Oppenheimer & Co. Inc. This press release is neither an offer to sell nor a solicitation of an offer to buy HPT common shares, 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 such state or jurisdiction. The prospectus supplement relating to this offering and related prospectus have been filed with the Securities and Exchange Commission (SEC) and copies may be obtained by contacting the offices of: Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone (866) 718-1649, email: prospectus@morganstanley.com; BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY 10038; email dg.prospectusrequests@baml.com; or Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, 10152, by email at cmclientsupport@wellsfargo.com. WARNING CONCERNING FORWARD LOOKING STATEMENTS THIS PRESS RELEASE INCLUDES FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON HPT'S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED. FOR EXAMPLE: THIS PRESS RELEASE STATES THAT THE SALE OF THE 2,100,000 ADDITIONAL COMMON SHARES AND THE SALE OF THE ORIGINAL PUBLIC OFFERING OF 14,000,000 COMMON SHARES ARE EXPECTED TO CLOSE ON FRIDAY, MARCH 22, 2013. IN FACT, THE CLOSINGS OF THESE SALES ARE 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 DO NOT OCCUR, THESE SALES MAY NOT CLOSE. FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.