Hospitality Properties Trust Prices $400 Million of 3.950% Unsecured Senior Notes Due 2028

Hospitality Properties Trust HPT today announced that it has priced an underwritten public offering of $400 million of 3.950% unsecured senior notes due January 15, 2028. The settlement of this offering is expected to occur on October 26, 2017, subject to customary closing conditions.

HPT expects to use the net proceeds from this offering to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes.

The joint book-running managers for this offering were UBS Securities LLC, BBVA Securities Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC and RBC Capital Markets LLC. The joint lead managers for this offering were BofA Merrill Lynch, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, Regions Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC. The co-managers for this offering were BMO Capital Markets Corp., FTN Financial Securities Corp., Samuel A. Ramirez & Company, Inc. and SMBC Nikko Securities America, Inc.

This press release shall not constitute an offer to sell or a 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 relating to this offering and the related prospectus may be obtained by contacting the offices of: UBS Investment Bank, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019 or by calling (888) 827-7275; BBVA, 1345 Avenue of The Americas, 44^th Floor, New York, NY 10105 or by calling (800) 422-8692; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling (800) 831-9146; Mizuho Securities, Attention: Debt Capital Markets, 320 Park Avenue, New York, NY 10022 or by calling (866) 271-7403; and RBC Capital Markets, Attention: Transaction Management, 200 Vesey Street, 8^th Floor, New York, NY 10281 or by calling (866) 375-6829.

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc. RMR, an alternative asset management company that is headquartered in Newton, Massachusetts.

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 OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON HPT'S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE STATEMENTS ARE NOT GUARANTEED AND THE IMPLICATIONS OF THESE STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR FOR VARIOUS REASONS, SOME OF WHICH ARE BEYOND HPT'S CONTROL. FOR EXAMPLE:

• THIS PRESS RELEASE STATES THAT THE SETTLEMENT OF THE SALE OF SENIOR NOTES IS EXPECTED TO OCCUR ON OCTOBER 26, 2017. 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 DO NOT OCCUR, THIS OFFERING MAY NOT CLOSE.

• HPT'S CURRENT INTENT TO USE THE NET PROCEEDS FROM THIS OFFERING TO REPAY AMOUNTS OUTSTANDING UNDER ITS UNSECURED REVOLVING CREDIT FACILITY AND FOR GENERAL BUSINESS PURPOSES IS DEPENDENT ON THE CLOSING OF THIS OFFERING AND MAY NOT OCCUR.

FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

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