Hospitality Properties Trust (NYSE: HPT) announced today that it is notifying holders of its 3.80% Convertible Senior Notes due 2027 (CUSIP Numbers: 44106MAK8 and 44106MAJ1) (the “Notes”) that they have the right to surrender their Notes for repurchase by HPT for cash pursuant to their option (the “Put Option”) under the Indenture, dated as of February 25, 1998, as supplemented by Supplemental Indenture No. 10, dated as of March 7, 2007. The Put Option entitles each holder of the Notes to require HPT to repurchase all or any part of such holder’s Notes on March 20, 2012 (the “Repurchase Date”) at a purchase price (the “Repurchase Price”) equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon up to, but excluding, the Repurchase Date. The opportunity to exercise the Put Option commences today at 9:00 a.m., New York City time, and expires at 12:00 midnight, New York City time, at the end of March 15, 2012, which is the third business day immediately preceding the Repurchase Date. In order to exercise the Put Option and receive the Repurchase Price, or withdraw Notes previously surrendered, a holder must follow the procedures set forth in the Issuer Repurchase Notice given by HPT today. HPT will accept for payment all validly surrendered Notes promptly upon expiration of the Put Option. On or before 10:00 a.m., New York City time, on the Repurchase Date, HPT will deposit with the Paying Agent for the Notes the appropriate amount of cash required to pay the Repurchase Price of all validly surrendered Notes, to be paid to the holders of record of the Notes. Unless HPT defaults in repurchasing Notes validly surrendered pursuant to the Put Option and not withdrawn, interest on those Notes will cease to accrue on the Repurchase Date. Notes in respect of which the Put Option is exercised will not be convertible in accordance with their terms, if otherwise convertible, unless surrender of those Notes is validly withdrawn.