NEWTON, Mass.--Hospitality Properties Trust (NYSE: HPT) today
announced that it has priced an offering of $275 million of 6.30%
unsecured Senior Notes due 2016 in an underwritten public offering. The
settlement date is expected to occur on June 15, 2006.
The joint book-running managers for the offering are Merrill Lynch
& Co. and RBC Capital Markets. The joint lead managers are UBS
Investment Bank and Wachovia Securities. The co-managing underwriters
for this offering are: Banc of America Securities LLC, BNY Capital
Markets, Inc., Calyon Securities (USA), Comerica Securities, Crowell,
Weedon & Co., Ferris, Baker Watts, Incorporated, Harris Nesbitt,
J.J.B. Hilliard, W.L. Lyons, Inc., KeyBanc Capital Markets, McGinn,
Smith & Co., Inc., Oppenheimer & Co., RBS Greenwich Capital,
Robert W. Baird & Co. Incorporated, SG Corporate & Investment
Banking, Stifel, Nicolaus & Company, Incorporated, SunTrust Robinson
Humphrey, US Bancorp Investments, Inc. and Wells Fargo Securities.
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. An electronic copy of the prospectus supplement and
accompanying prospectus may be obtained from the offices of Merrill
Lynch & Co., 4 World Financial Center, New York, New York 10080 or
RBC Capital Markets Corporation, One Liberty Plaza, 165 Broadway, New
York, New York 10006.
Hospitality Properties Trust is a REIT which owns 310 hotels located
in 38 states, Puerto Rico and Canada. HPT is headquartered in Newton,
Massachusetts.
Hospitality Properties Trust
Timothy A. Bonang
617-796-8149
Manager of Investor Relations
www.hptreit.com