Hospitality Properties Trust Announces Underwriters' Exercise of Overallotment Option

June 29, 2009

NEWTON, Mass., Jun 29, 2009 (BUSINESS WIRE) -- Hospitality Properties Trust (NYSE: HPT) today announced that the underwriters of its public offering have exercised, in full, their overallotment option to purchase an additional 2,625,000 common shares of beneficial interest. The sale of these shares will result in HPT raising additional net proceeds, after the underwriting discount, of $28.9 million. The closing of the overallotment option is expected to occur on July 1, 2009.

This offering is being conducted pursuant to an effective registration statement previously filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell, nor a solicitation of an offer to buy, shares, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

Morgan Stanley, Citi and Wachovia Securities acted as joint book running managers for this offering. RBC Capital Markets and UBS Investment Bank acted as co-lead managers. Robert W. Baird & Co., Janney Montgomery Scott, Morgan Keegan & Company, Inc., Oppenheimer & Co. and Stifel Nicolaus acted as co-managers for this offering. Copies of the prospectus supplement and related prospectus may be obtained from the offices of Morgan Stanley & Co. Incorporated, 180 Varick St., 2^nd Floor, New York, New York, 10014 Attention: Prospectus Department or by email at prospectus@morganstanley.com, from the offices of Citi, Attn: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, telephone (800) 831-9146, or from the offices of Wachovia Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, 10022, at (800) 326-5897 or email to equity-syndicate@wachovia.com.

WARNING REGARDING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON HPT'S PRESENT EXPECTATIONS, BUT THESE STATEMENTS ARE NOT GUARANTEED TO OCCUR. FOR EXAMPLE: THE FACT THAT THE UNDERWRITERS HAVE EXERCISED THEIR OPTION TO PURCHASE 2,625,000 SHARES MAY IMPLY THAT THE CLOSING OF THIS SALE OF SHARES WILL OCCUR; BUT THE CLOSING IS SUBJECT TO CONDITIONS CUSTOMARY IN TRANSACTIONS OF THIS TYPE AND MAY BE DELAYED OR MAY NOT OCCUR AT ALL. INVESTORS SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the New York Stock Exchange.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

SOURCE: Hospitality Properties Trust

Hospitality Properties Trust
Timothy A. Bonang, 617-796-8232
Director of Investor Relations
or
Carlynn Finn, 617-796-8232
Manager of Investor Relations

< View all News Releases

Cautionary Language

The information appearing on SVC’s website includes statements which constitute forward looking statements. These forward looking statements are based upon SVC’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. SVC’s actual results may differ materially from those contained in SVC’s forward looking statements. The information contained in SVC’s filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in SVC’s periodic reports and other filings, identifies important factors that could cause SVC’s actual results to differ materially from those stated in SVC’s forward looking statements. SVC’s filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on SVC’s website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements.

The documents provided in this archived section are provided for historical purposes only. The information contained in each document is accurate only as of the date each document was originally issued or such earlier date stated in those documents. Except as required by law, Service Properties Trust does not undertake any obligation to update any information contained in these documents. For current information about the company, please refer to our most recent public SEC Filings.