Hospitality Properties Trust Prices Offering of 12,000,000 Common Shares

December 18, 2006

NEWTON, Mass.--Hospitality Properties Trust (NYSE: HPT) announced today that it has priced a public offering of 12,000,000 common shares of beneficial interest at a price of $47.51 per share. The settlement of this sale is expected to occur on December 22, 2006. HPT expects to use the proceeds to partially fund the acquisition of TravelCenters of America, Inc. and for general corporate purposes. The underwriters have been granted a 30-day option to purchase up to an additional 1,800,000 shares from HPT to cover overallotments, if any.

The sole book running manager for this offering is Merrill Lynch & Co. The joint lead managers for this offering are Morgan Stanley, RBC Capital Markets, UBS Investment Bank and Wachovia Securities. The co-managers for this offering are Banc of America Securities LLC, Ferris, Baker Watts Incorporated, Janney Montgomery Scott LLC, Morgan Keegan & Company, Inc., Oppenheimer & Co. and Stifel Nicolaus.

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 or from the offices of any of the other managing underwriters identified above.

For Hospitality Properties Trust
Timothy A. Bonang
617-796-8149
Manager of Investor Relations
www.hptreit.com

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