Hospitality Properties Trust Announces Underwriters' Exercise of Over Allotment Option

January 5, 2007

NEWTON, Mass.--Hospitality Properties Trust (NYSE: HPT) announced today that the underwriters of its recent equity offering have exercised their over allotment option in full to purchase 1,800,000 additional common shares of beneficial interest. The sale price of these additional shares will be $47.51 per share, less an underwriting discount of $2.019 per share. The sale of the additional shares is expected to close today, January 5, 2007. The original public offering of 12,000,000 common shares closed on December 22, 2006.

The sole book running manager for this offering was Merrill Lynch & Co. The joint lead managers for this offering were Morgan Stanley, RBC Capital Markets, UBS Investment Bank and Wachovia Securities. The co-managers for this offering were Banc of America Securities LLC, Ferris, Baker Watts Incorporated, Janney Montgomery Scott LLC, Morgan Keegan & Company, Inc., Oppenheimer & Co. and Stifel Nicolaus.

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 in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state. Copies of the prospectus supplement and related prospectus may be obtained from the offices of Merrill Lynch &Co., 4 World Financial Center, New York, New York 10080 or from the offices of any of the other managing underwriters identified above.

Hospitality Properties Trust
Timothy A. Bonang
617-796-8149
Manager of Investor Relations
www.hptreit.com

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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