Hospitality Properties Trust (HPT) Announces Underwriters' Exercise of Over-Allotment Option to Purchase Additional 2.625M Shares

June 29, 2009 4:51 PM EDT

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.

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