NEWTON, Mass.--Hospitality Properties Trust (NYSE: HPT) today
announced that it has filed with the Securities and Exchange Commission
(the "Commission") a registration statement on Form S-3 (the
"Registration Statement") for the resale of HPT's previously issued
3.80% Convertible Senior Notes due 2027 (the "Notes") and the common
shares of beneficial interest, par value $0.01 per share, of HPT, which
may, under certain circumstances, become issuable upon conversion of the
Notes (together with the Notes, the "Registrable Securities").
The Notes were originally sold to qualified institutional buyers by
means of a private placement in accordance with Rule 144A under the
Securities Act of 1933, as amended, on March 7, 2007 and March 14, 2007;
also on March 7, a Registration Rights Agreement (the "Registration
Rights Agreement") was entered into between HPT and the initial
purchasers of the Notes, which required the filing of the Registration
Statement. HPT will not receive any of the proceeds from the resale of
the Registrable Securities by the selling securityholders.
HPT filed the Registration Statement as an automatic shelf
registration statement, and thus the Registration Statement became
effective upon filing thereof with the Commission on April 4, 2007.
Holders of Registrable Securities who had delivered a Selling
Securityholder Notice and Questionnaire prior to April 4, 2007 were
included in the Registration Statement.
In order for a beneficial holder of the Registrable Securities not
named in the Registration Statement to be named as a selling
securityholder and to have its Registrable Securities included in a
supplement to the prospectus in the Registration Statement, such holder
must complete the Selling Securityholder Notice and Questionnaire,
copies of which can be obtained by contacting the below person at HPT.
Hospitality Properties Trust
400 Centre Street
Newton, Massachusetts 02458
Attention: Chief Financial Officer
Fax: (617) 969-5730
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 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.
Hospitality Properties Trust
Timothy A. Bonang
617-796-8149
Manager of Investor Relations
www.hptreit.com