Filed Pursuant to Rule 433
Dated June 12, 2006
Registration Statement No. 333-84064
Supplementing Prospectus Supplement Dated June 12, 2006 and
Prospectus dated March 20, 2002

$275,000,000 6.300% SENIOR NOTES DUE 2016

Issuer:

 

Hospitality Properties Trust

 

 

 

Type:

 

SEC Registered

 

 

 

Size:

 

$275,000,000

 

 

 

Maturity:

 

June 15, 2016

 

 

 

Coupon (Interest Rate):

 

6.300%

 

 

 

Benchmark Treasury:

 

5.125% May 15, 2016

 

 

 

Benchmark Treasury Price and Yield:

 

101-3+; 4.981%

 

 

 

Spread to Benchmark Treasury:

 

1.37% (+137 basis points)

 

 

 

Yield to Maturity:

 

6.351%

 

 

 

Expected Ratings (Moody’s / S&P):

 

Baa2 / BBB

 

 

 

Interest Payment Dates:

 

June 15 and December 15, commencing December 15, 2006

 

 

 

Day Count Convention:

 

30 / 360

 

 

 

Redemption Provision:

 

Make-whole call at any time based on U.S. Treasury + 0.20% (+20 basis points) or at par on or after December 15, 2015

 

 

 

Price to Public:

 

99.627%

 

 

 

Settlement Date:

 

T+3; June 15, 2006

 

 

 

Denominations:

 

$1,000 x $1,000

 

 

 

CUSIP:

 

44106M AH 5

 

 

 

Joint Bookrunners:

 

Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets Corporation

 

 

 

Joint Lead Managers:

 

UBS Securities LLC and Wachovia Capital Markets, LLC

 

This communication is intended for the sole use of the person to whom it is provided by the issuer.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC’s web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (i) Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-(866) 500-5408 and (ii) RBC Capital Markets Corporation toll-free at 1-(866) 375-6829.