NEWTON, Mass., Jun 17, 2009 (BUSINESS WIRE) -- Hospitality Properties Trust (NYSE: HPT) today announced that it has
commenced a proposed public offering of 15,000,000 common shares. HPT
expects to use the net proceeds to repay debt and for general business
purposes. It is contemplated that the underwriters will also be granted
a 30-day option to purchase up to an additional 2,250,000 shares to
cover over allotments, if any.
Morgan Stanley, Citi and Wachovia Securities are the bookrunning
managers for this offering.
This press release is not an offer to sell, nor a solicitation of an
offer to buy, shares, 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 such state or jurisdiction. The preliminary prospectus
supplement relating to this offering and related prospectus is expected
to be filed with the SEC and a copy can be obtained from the offices of
Morgan Stanley & Co. Incorporated, 180 Varick St., 2nd
Floor, New York, New York, Attention: Prospectus Department or by email
at prospectus@morganstanley.com,
from the offices of Citi, Attn: Prospectus Department, Brooklyn Army
Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, telephone
(800) 831-9146, or from the offices of Wachovia Securities, Attention:
Equity Syndicate Department, 375 Park Avenue, New York, New York, at
(800) 326-5897 or email to equity-syndicate@wachovia.com.
WARNING REGARDING FORWARD LOOKING
STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE
MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND THE
FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON
HPT'S PRESENT EXPECTATIONS, BUT THESE STATEMENTS ARE NOT GUARANTEED. FOR
EXAMPLE, ALTHOUGH THIS PRESS RELEASE REFERS TO AN OFFERING OF 15,000,000
COMMON SHARES, MORE OR LESS THAN 15,000,000 COMMON SHARES MAY BE SOLD,
OR THIS OFFERING MAY BE WITHDRAWN. INVESTORS SHOULD NOT PLACE UNDUE
RELIANCE UPON ANY FORWARD LOOKING STATEMENT.
SOURCE: Hospitality Properties Trust
Hospitality Properties Trust
Timothy A. Bonang, 617-796-8232
Director of Investor Relations
or
Carlynn Finn, 617-796-8232
Manager of Investor Relations
Copyright Business Wire 2009