General/Business Questions

1. What is a REIT?

A real estate investment trust, or REIT, is a company that owns (and in some cases operates) income producing real estate such as offices properties. In order to qualify to be a REIT under the United States Internal Revenue Code, a company generally must distribute annually at least 90% of its taxable income to its shareholders. REITs generally pay little or no corporate income taxes because they are able to deduct dividends they pay from their taxable earnings.

REITs are total return investments and they typically provide attractive dividends plus the potential for moderate, long term capital appreciation.

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2. What is funds from operations (FFO) and normalized FFO?

FFO is a non-GAAP measure of a REIT's operating cash flow. It differs from GAAP net income largely due to the exclusion of non-cash items, such as depreciation and amortization. Many securities analysts judge a REIT's performance based largely upon FFO per share results. HPT’s normalized FFO also excludes the impact of acquisition related costs, estimated business management incentive fees and gains/losses on the early extinguishment of debt.

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3. What is Hotel RevPAR?

RevPar or Revenue per Available Room is the total hotel guest room revenue divided by the total number of available hotel rooms.

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4. What are your debt ratings?

Hospitality Properties Trustis investment grade rated by both Moody’s (Baa2) and Standard & Poor’s (BBB-).

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5. When does your fiscal year end?

Our fiscal year ends on December 31.

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6. Who is The RMR Group LLC? What is its relationship to HPT?

The RMR Group LLC is the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR). RMR is an alternative asset management company that was founded in 1986 to manage real estate companies and related businesses. RMR primarily provides management services to four publicly owned real estate investment trusts, or REITs, and three real estate related operating businesses. In addition to managing Hospitality Properties Trust, RMR manages Senior Housing Properties Trust, a REIT that primarily owns healthcare, senior living and medical office buildings, Select Income REIT, a REIT that is focused on owning and investing in net leased, single tenant properties, and Government Properties Income Trust, a REIT that primarily owns properties leased to the U.S. and state governments. RMR also provides management services to TravelCenters of America LLC, a publicly traded operator of travel centers along the U.S. Interstate Highway System (including all the travel centers that HPT owns), convenience stores and restaurants, Five Star Quality Care, Inc., a publicly traded operator of senior living communities, and Sonesta International Hotels Corporation, a privately owned franchisor and operator of hotels (including some of the U.S. hotels that HPT owns) and cruise ships. RMR also manages publicly traded securities of real estate companies and private commercial real estate debt funds through wholly owned SEC registered investment advisory subsidiaries.

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7. Who is TravelCenters of America? What is its relationship to HPT?

TravelCenters of America, or TA, is HPT’s former 100% owned subsidiary and our largest tenant, and we are TA’s largest shareholder. TA was created as a separate public company in 2007 as a result of its spin-off from HPT.

TravelCenters of America is a limited liability company. TA owns and/or franchises standalone travel centers, standalone convenience stores and standalone restaurants. HPT owns a significant number of travel centers, of which we lease to TravelCenters of America LLC or its subsidiaries pursuant to long term leases.

As of December 31, 2015, HPT owned approximately 9% of the common shares of TA.

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Stock & Dividend Questions

1. When did you go public and at what price?

HPT was spun-off from HRPT Properties Trust and its shares commenced trading on August 22, 1995.

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2. What are the ticker symbols and under which exchange do the common shares and preferred D shares trade?

Our common shares are traded on the Nasdaq exchange under the trading symbol HPT.

HPT’s preferred D shares are traded on the Nasdaq exchange under the trading symbol HPTRP.

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3. What is your common stock CUSIP number?

HPT’s common stock CUSIP number is 44106M102.

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4. What is your preferred D stock CUSIP number?

HPT’s preferred D CUSIP number is 44106M607.

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5. Who is your stock transfer agent?

Wells Fargo Shareowner Services
110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120
Phone: 855-235-0841
www.shareowneronline.com

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6. How can I purchase your stock?

HPT shares must be purchased through a registered broker.

Initial HPT share purchases must be made through a registered broker. By enrolling in the Dividend Reinvestment Program (DRIP) you have the option to make subsequent purchases directly from the company.

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7. How do I transfer stock, change the address on my shareholder account, or replace a lost stock certificate?

If you hold your shares in your own name through HPT’s transfer agent, Wells Fargo Shareowner Services, you will need to contact them directly otherwise, please contact your financial advisor or broker.

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8. Does HPT pay a dividend on its stock? At what rate and when is it paid?

Yes, HPT pays a dividend on its Common Stock at a quarterly rate of $0.51 per share, or $2.04 per share per year. The timing and amount of future dividends is subject to Board approval, but we anticipate that we will continue to pay a dividend on a quarterly basis. To view HPT’s historical dividends, visit HPT’s Stock Information page.

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9. How do I receive the dividend payout? Will I receive a check to my home or business address?

If you hold your shares in your own name through HPT’s transfer agent, Wells Fargo Shareowner Services, you will receive a check for the dividend at the address they have on record, unless you participate in HPT’s Dividend Reinvestment Plan. If you hold your shares in a registered brokerage account, you will receive a cash dividend via direct deposit from Wells Fargo.

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10. Can the dividend be used to buy more stock? If so, can this purchase happen automatically?

Yes. If you hold your shares in your own name through HPT’s transfer agent, Wells Fargo Shareowner Services, you may elect to reinvest future dividends through the Dividend Reinvestment Plan (DRIP). To find out more or to enroll, please see Dividend Reinvestment Plan.

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11. Will I be taxed on your dividend?

Dividends are typically considered taxable income which is reported annually to the IRS on Form 1099-DIV. Forms 1099-DIV will be mailed to shareholders following the end of the calendar year. Please contact your financial advisor or tax accountant with tax related questions.

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Other Questions

1. Where is HPT’s corporate headquarters?

Hospitality Properties Trust
Two Newton Place
255 Washington St., Suite 3
Newton, MA 02458-1634

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2. Who are your independent accountants/auditors?

Ernst & Young LLP
200 Clarendon Street
Boston, MA 02109
Phone: 617-266-2000

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3. Who is your corporate counsel?

Sullivan & Worcester LLP
One Post Office Square
Boston, MA 02109
Phone: 617-338-2800

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4. How do I get in touch with the Investor Relations Department?

HPT’s Investor Relations group can be reached via email at ir@hptreit.com and by phone at 617-796-8232.

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5. How can I get a copy of my 1099- DIV form?

HPT’s transfer agent, Wells Fargo Shareowner Services, distributes 1099-DIV forms to HPT shareholders.

They can be reached at:
Wells Fargo Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120-4100
Phone: 855-235-0841
www.shareowneronline.com

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6. How can I obtain copies of HPT’s financial information?

You may find various reports and filings in the News Releases, SEC Filings or Financial Reports sections of the website.

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7. How can I be notified of new developments at HPT?

Investors can register for HPT’s email alerts by visiting Email Alerts.

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8. How can I obtain the most recent research reports on the Company?

Please contact your stockbroker or your financial institution that provides brokerage services to obtain research reports.

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9. When is HPT’s annual meeting of stockholders?

Please visit our Annual Reports section of the website.

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Cautionary Language

The information appearing on HPT’s website includes statements which constitute forward looking statements. These forward looking statements are based upon HPT’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. HPT’s actual results may differ materially from those contained in HPT’s forward looking statements. The information contained in HPT’s filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in HPT’s periodic reports and other filings, identifies important factors that could cause HPT’s actual results to differ materially from those stated in HPT’s forward looking statements. HPT’s filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on HPT’s website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements.

The documents provided in this archived section are provided for historical purposes only. The information contained in each document is accurate only as of the date each document was originally issued or such earlier date stated in those documents. Except as required by law, Hospitality Properties Trust does not undertake any obligation to update any information contained in these documents. For current information about the company, please refer to our most recent public SEC Filings.

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