Hospitality Properties Trust Prices $350 Million 6.70% Senior Notes Due 2018

September 24, 2007

NEWTON, Mass.--Hospitality Properties Trust (NYSE: HPT) today announced that it has priced an offering of $350 million of 6.70% unsecured Senior Notes due 2018 in an underwritten public offering. The settlement of this sale is expected to occur on September 28, 2007. HPT intends to use the net proceeds of this offering to reduce amounts outstanding under its revolving credit facility.

The joint book-running managers for this offering were Wachovia Securities, Morgan Stanley and UBS Investment Bank. The co-lead managers for this offering were Merrill Lynch & Co. and RBC Capital Markets. The co-managing underwriters for this offering were: Banc of America Securities LLC, BNY Capital Markets, Inc., Calyon Securities (USA) Inc., Comerica Securities, Inc., Ferris, Baker Watts Incorporated, Janney Montgomery Scott LLC, Morgan Keegan & Company, Inc., Oppenheimer & Co., Piper Jaffray, PNC Capital Markets LLC, RBS Greenwich Capital, SOCIETE GENERALE, Stifel Nicolaus, and SunTrust Robinson Humphrey.

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 or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Copies of the prospectus supplement and the accompanying prospectus may be obtained from the offices of Wachovia Securities, 1525 W. WT Harris Blvd., Mail Code NC0675, Charlotte, NC 28262 - telephone 866-289-1262 or syndicate.ops@wachovia.com; Morgan Stanley, 1585 Broadway, New York, New York 10036 - telephone 212-761-4000; or UBS Securities LLC, 677 Washington Blvd, Stamford, CT 06901, Attention: Fixed Income Syndicate - telephone 888-722-9555 ext 1088.

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns 292 hotels and 186 travel centers located in 44 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

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