HPT Announces Changed Circumstances Regarding Previously Announced Letter of Intent

April 25, 2013

NEWTON, Mass.--(BUSINESS WIRE)-- On February 27, 2013, Hospitality Properties Trust (NYSE: HPT) announced that it had entered a letter of intent ("LOI") and exclusive negotiating period with respect to a possible transaction involving an investment of approximately $375 million in ten hotels in Europe, New York and Latin America currently operated by NH Hoteles SA (BME: NHH) (NYSE: NHHEY (ADRs)). On April 24, 2013, HPT was notified by NHH that NH Hoteles was unable to obtain the necessary bank approvals to allow it to move forward with the transaction as outlined in the LOI. HPT expects to enter into discussions with NH Hoteles about possible modifications or alternatives to the transaction originally announced, but at this time the outcome of any such discussions is uncertain.

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns or leases hotels and travel centers located in 44 states, Puerto Rico and Canada. HPT is headquartered in Newton, Massachusetts.

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.

For Hospitality Properties Trust
Timothy A. Bonang, 617-796-8232
Vice President, Investor Relations,
or
Carlynn Finn
Senior Manager, Investor Relations.

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.

OK