Hospitality Properties Trust Announces 2003 Dividend Allocation

January 8, 2004

Newton, MA (January 8, 2004): Hospitality Properties Trust (NYSE: HPT) today announced that the characterization of common dividends for 2003 income tax reporting purposes is as follows:

                                                         Dividend
                                                         Allocation
                                                         Per Share
                                                   -------------------
 Declaration    Record    Paid/Payable  Dividends   Ordinary  Return
                                                                 of
    Dates        Dates       Dates      Per Share    Income   Capital
 ------------  ---------  ------------  ---------- ---------- --------

    01/06/03   01/23/03      02/20/03     $0.7200    $0.7200  $0.0000
    04/02/03   04/23/03      05/22/03      0.7200     0.7200   0.0000
    07/02/03   07/23/03      08/21/03      0.7200     0.7200   0.0000
    10/07/03   10/28/03      11/20/03      0.7200     0.7200   0.0000
    12/18/03   12/31/03      01/30/04      0.7200     0.7200   0.0000
                                        ---------- ---------- --------
                               TOTALS:    $3.6000    $3.6000  $0.0000
                                        ========== ========== ========
                                           100.00%    100.00%    0.00%

HPT's CUSIP number is 44106M102. The Company reported that the dividend declared on December 18, 2003 with a record date of December 31, 2003, and payable date of January 30, 2004 is taxable in 2003.

The Company reported that no portion of it's dividends are eligible for the reduced rates on dividends under the Jobs and Growth Tax Reconciliation Act of 2003. The Company did not incur any foreign taxes and had no capital gains. This information represents final income allocations.

HPT's 9.5% Series A preferred dividends (CUSIP number 44106M300) are 100% ordinary income for tax reporting purposes.

HPT's 8.875% Series B preferred dividends (CUSIP number 44106M409) are 100% ordinary income for tax reporting purposes.

HPT is a real estate investment trust headquartered in Newton, MA, which invests in hotels. HPT currently has investments of approximately $3.0 billion in 286 hotels in 38 states.

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