Hospitality Properties Trust Prices $275 Million of Senior Notes Due 2016

June 12, 2006

NEWTON, Mass.--Hospitality Properties Trust (NYSE: HPT) today announced that it has priced an offering of $275 million of 6.30% unsecured Senior Notes due 2016 in an underwritten public offering. The settlement date is expected to occur on June 15, 2006.

The joint book-running managers for the offering are Merrill Lynch & Co. and RBC Capital Markets. The joint lead managers are UBS Investment Bank and Wachovia Securities. The co-managing underwriters for this offering are: Banc of America Securities LLC, BNY Capital Markets, Inc., Calyon Securities (USA), Comerica Securities, Crowell, Weedon & Co., Ferris, Baker Watts, Incorporated, Harris Nesbitt, J.J.B. Hilliard, W.L. Lyons, Inc., KeyBanc Capital Markets, McGinn, Smith & Co., Inc., Oppenheimer & Co., RBS Greenwich Capital, Robert W. Baird & Co. Incorporated, SG Corporate & Investment Banking, Stifel, Nicolaus & Company, Incorporated, SunTrust Robinson Humphrey, US Bancorp Investments, Inc. and Wells Fargo Securities.

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. An electronic copy of the prospectus supplement and accompanying prospectus may be obtained from the offices of Merrill Lynch & Co., 4 World Financial Center, New York, New York 10080 or RBC Capital Markets Corporation, One Liberty Plaza, 165 Broadway, New York, New York 10006.

Hospitality Properties Trust is a REIT which owns 310 hotels located in 38 states, Puerto Rico and Canada. HPT is headquartered in Newton, Massachusetts.

Hospitality Properties Trust
Timothy A. Bonang
Manager of Investor Relations

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