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Press release from Business Wire

Hospitality Properties Trust Launches Public Offering of Unsecured Senior Notes

Thursday, May 30, 2013

Hospitality Properties Trust Launches Public Offering of Unsecured Senior Notes

09:24 EDT Thursday, May 30, 2013

NEWTON, Mass. (Business Wire) -- Hospitality Properties Trust (NYSE: HPT) today announced that it has commenced an underwritten public offering of unsecured senior notes. HPT expects to use the net proceeds from this offering to repay amounts outstanding under its revolving credit facility, to redeem some or all of its outstanding 7% Series C Cumulative Redeemable Preferred Shares and for general business purposes, which may include funding hotel renovation or rebranding costs and potential future acquisitions.

The joint book-running managers for this offering are Citigroup, BofA Merrill Lynch, UBS Investment Bank and Wells Fargo Securities.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, 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 that state or jurisdiction. Copies of the preliminary prospectus supplement relating to this offering and the related prospectus may be obtained by contacting the offices of: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800) 831-9146; BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY 10038, email dg.prospectusrequests@baml.com; UBS Investment Bank, Attn: Prospectus Department, 299 Park Avenue, New York, NY 10171, telephone: (877) 827-6444 ext. 561 3884; or Wells Fargo Securities, Attention: Equity Syndicate Department, 1525 West W.T. Harris Blvd., NC0675, Charlotte, NC 28262, emailcmclientsupport@wellsfargo.com or toll free at (800) 326-5897.

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 SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON HPT'S PRESENT EXPECTATIONS, BUT THESE STATEMENTS AND THE IMPLICATIONS OF THESE STATEMENTS MAY NOT OCCUR. FOR EXAMPLE,

  • ALTHOUGH THIS PRESS RELEASE REFERS TO AN OFFERING OF UNSECURED SENIOR NOTES, THIS OFFERING MAY BE WITHDRAWN.
  • THIS PRESS RELEASE STATES THAT HPT EXPECTS TO USE A PART OF THE NET PROCEEDS FROM THIS OFFERING TO REDEEM SOME OR ALL OF ITS OUTSTANDING 7% SERIES C CUMULATIVE REDEEMABLE PREFERRED SHARES. HOWEVER, IF THIS OFFERING IS WITHDRAWN HPT MAY NOT REDEEM ANY OF ITS OUTSTANDING 7% SERIES C CUMULATIVE REDEEMABLE PREFERRED SHARES.

FOR THESE REASONS, AMONG OTHERS, 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.

Hospitality Properties Trust
Timothy A. Bonang, 617-796-8232
Vice President, Investor Relations
or
Carlynn Finn
Senior Manager, Investor Relations

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