Hospitality Properties Trust Announces 2001 Common Dividend Allocation

January 8, 2002

Newton, MA (January 8, 2002): Hospitality Properties Trust (NYSE:HPT) today announced that the characterization of common dividends for 2001 for income tax reporting purposes are:

                                                     Dividend Type
                                                   2001        Return
Declaration  Record   Paid/Payable  Dividends    Ordinary        Of
  Dates      Dates        Dates     Per Share     Income      Capital

01/08/01    01/19/01    02/16/01      $0.700      $0.601      $0.099
04/03/01    04/23/01    05/24/01       0.700       0.601       0.099
06/27/01    07/06/01    08/23/01       0.710       0.610       0.100
10/03/01    10/25/01    11/21/01       0.710       0.610       0.100

                          TOTALS:     $2.820      $2.422      $0.398
                                      100.00%      85.89%      14.11%

HPT's CUSIP number is 44106M102. The Company did not incur any foreign taxes in 2001. The Company had no capital gains during 2001.

HPT is a real estate investment trust headquartered in Newton, MA which invests in hotels. HPT currently has investments of approximately $2.6 billion in 230 hotels in 37 states.

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