Hospitality Properties Trust Announces Underwriters’ Exercise of Option to Purchase Additional Shares

NEWTON, Mass.--(BUSINESS WIRE)-- Hospitality Properties Trust (Nasdaq: HPT) today announced that the underwriters of its recent public offering of common shares have exercised in full their option to purchase an additional 1,650,000 common shares of beneficial interest, raising additional net proceeds of approximately $48.6 million. The settlement for such shares is expected to occur on August 26, 2016.

The joint bookrunning managers for this offering were Citigroup, BofA Merrill Lynch and Morgan Stanley. The joint lead managers for this offering were Jefferies, RBC Capital Markets and UBS Investment Bank. The co-managers of this offering were Baird, BB&T Capital Markets, Canaccord Genuity, Cantor Fitzgerald & Co., D.A. Davidson & Co., FBR, Janney Montgomery Scott, JMP Securities and Oppenheimer & Co.

This press release is neither 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 prospectus supplement relating to this offering and related prospectus have been filed with the Securities and Exchange Commission (SEC) and copies can be obtained by contacting the offices of: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800) 831-9146; BofA Merrill Lynch, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3^rd Floor, Charlotte, NC 28255-0001, email: [email protected]; or Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, 2^nd Floor, New York, NY 10014.

WARNING CONCERNING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE INCLUDES FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON HPT'S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED. FOR EXAMPLE: THE FACT THAT THE UNDERWRITERS HAVE EXERCISED THEIR OPTION TO PURCHASE 1,650,000 SHARES MAY IMPLY THAT THE SETTLEMENT OF THIS SALE OF SHARES WILL OCCUR; BUT THE SETTLEMENT IS SUBJECT TO CONDITIONS CUSTOMARY IN TRANSACTIONS OF THIS TYPE; AND MAY BE DELAYED OR MAY NOT OCCUR AT ALL. FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.

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Hospitality Properties Trust
Katie Strohacker, 617-796-8232
Senior Director, Investor Relations

Source: Hospitality Properties Trust