Hospitality Properties Trust Selects Ernst & Young LLP as Independent Auditors

July 1, 2002

Newton, MA (July 1, 2002): Hospitality Properties Trust (NYSE: HPT) today announced that its Board of Trustees has appointed Ernst & Young LLP as the company’s independent auditors for 2002, replacing Arthur Andersen LLP. The change was based on the unanimous recommendation of the Audit Committee of HPT’s Board of Trustees after careful consideration. The decision was not the result of any disagreement between Hospitality Properties Trust and Arthur Andersen LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

Hospitality Properties Trust is a real estate investment trust headquartered in Newton, MA. HPT currently has investments of approximately $2.7 billion in 251 hotels located in 37 states.

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