Newton, MA (March 8, 2004): Hospitality Properties Trust (NYSE: HPT)
today announced that it has sold 600,000 common shares of beneficial
interest at a price of $43.93 per share pursuant to a thirty-day option
granted to underwriters of its recent equity offering which priced on
February 18, 2004. The sale of these shares represents the entire
overallotment option that was granted to underwriters in this offering.
The joint book running managers for the offering were Merrill Lynch
& Co. and Wachovia Securities. Co-managers were Legg Mason Wood
Walker Incorporated, Morgan Stanley, RBC Capital Markets and UBS
Investment Bank.
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
securities in any state in which the offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of that state. Copies of the prospectus supplement and related
prospectus may be obtained from the offices of Merrill Lynch & Co., 4
World Financial Center, New York, New York 10080; from Wachovia
Securities, 7 St. Paul Street, 1st Floor, Baltimore, Maryland 21202; or
from any co-manager underwriters identified above.