Hospitality Properties Trust Sells $125 Million of 6.75% Senior Notes Due February 15, 2013

September 5, 2003

Newton, MA (September 5, 2003): Hospitality Properties Trust (NYSE: HPT) today announced that it has sold $125 million of 6.75% senior notes due February 15, 2013. These notes are expected to constitute an additional issuance of HPT's 6.75% senior notes due February 15, 2013, and will be traded under the same CUSIP number (44106MAF9). The settlement of this sale is expected to occur on September 9, 2003. HPT intends to use the net proceeds to reduce amounts outstanding on its revolving credit facility.

The underwriter of these notes was UBS Securities LLC, who is expected to re-offer these notes to investors.

A prospectus supplement relating to this offering will be filed with the Securities and Exchange Commission. 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 notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Copies of the prospectus supplement and the accompanying prospectus may be obtained from the offices of the underwriter at 299 Park Avenue, New York, NY 10171.

Hospitality Properties Trust is a real estate investment trust headquartered in Newton, MA. HPT currently has investments of approximately $3.1 billion in 274 hotels located in 38 states.

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