Hospitality Properties Trust Announces Annual Meeting Results

April 16, 2010

NEWTON, Mass., Apr 16, 2010 (BUSINESS WIRE) -- Hospitality Properties Trust (NYSE: HPT) today announced the results of its annual meeting held yesterday as follows:

Shareholders approved, with 71,132,576 or 58% of all shares outstanding, an amendment to HPT's declaration of trust to change the vote required to elect trustees in uncontested elections.

William A. Lamkin was re-elected as an Independent Trustee, receiving 50,798,454 votes or 52% of all shares voted. Mr. Lamkin was re-elected for a three (3) year term until the 2013 annual meeting.

Shareholders also approved, with 71,097,260 votes or 58% of all shares outstanding, an amendment to HPT's declaration of trust to delete restrictions upon the timing of HPT's communications with shareholders.

In addition, shareholders approved, with 110,342,310 votes or 89% of all shares outstanding, the ratification of appointment of Ernst & Young LLP as HPT's independent registered public accounting firm.

Shareholders did not approve a non-binding proposal by the California Public Employee Pension Plan, or CalPERS, requesting that HPT take steps to require that all HPT Trustees stand for election each year. This proposal received 89,173,449 votes, or 72% of the votes outstanding, which is less than the 92,535,251.25 votes (75% of the outstanding shares) required for its adoption.

In addition, shareholders did not approve a non-binding proposal by the Florida State Board of Administration, requesting that HPT remove supermajority vote requirements in its certificate of incorporation and by-laws. This proposal received 86,490,619 votes, or 70% of the votes outstanding, which is less than the 92,535,251.25 votes (75% of the outstanding shares) required for its adoption.

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns 289 hotels and 185 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.

SOURCE: Hospitality Properties Trust

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

< View all News Releases

Cautionary Language

The information appearing on SVC’s website includes statements which constitute forward looking statements. These forward looking statements are based upon SVC’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. SVC’s actual results may differ materially from those contained in SVC’s forward looking statements. The information contained in SVC’s filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in SVC’s periodic reports and other filings, identifies important factors that could cause SVC’s actual results to differ materially from those stated in SVC’s forward looking statements. SVC’s filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on SVC’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, Service 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.