Filed Pursuant to Rule 433
Issuer Free Writing Prospectus
dated September 24, 2007
Registration No. 333-137073
Supplementing the Preliminary
Prospectus dated September 24, 2007
and Prospectus dated September 1, 2006
HOSPITALITY PROPERTIES TRUST
This
information supplements the information contained in the preliminary prospectus
supplement dated September 24, 2007 to the Prospectus dated September 1, 2006.
PRICING TERM SHEET
|
Size: |
$350,000,000 |
|
Coupon (Interest Rate): |
6.70% per annum |
|
Security: |
6.70% Senior Notes due 2018 |
|
Interest Payment Dates: |
January 15 and July 15, commencing January 15, 2008 |
|
Maturity: |
January 15, 2018 |
|
Price to Public: |
99.136% of principal amount, plus accrued interest from September 28, 2007 |
|
Trade Date: |
September 24, 2007 |
|
Settlement Date: |
T+4; September 28, 2007 |
|
Net Proceeds: |
$344,701,000 (before expenses associated with the transaction) |
|
Redemption Provision: |
Make-whole call at any time based on U.S. Treasury plus 0.35% (thirty-five one-hundredths of one percent). If the notes are redeemed on or after July 15, 2017, the redemption price will not include a make-whole amount. |
|
Yield to Maturity: |
6.82% |
|
Spread to Benchmark Treasury: |
220 basis points |
|
Benchmark Treasury: |
U.S. Treasury 4.75% due August 15, 2017 |
|
Benchmark Treasury Price and Yield: |
101-00+; 4.62% |
|
Expected Ratings (Moody’s / S&P): |
Baa2 (stable) / BBB (stable) |
|
Type: |
SEC Registered |
|
Ranking: |
Senior Unsecured |
|
CUSIP: |
44106MAN2 |
|
Joint Book-Running Managers: |
Wachovia Capital Markets, LLC |
$105,000,000 |
|
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|
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Morgan Stanley & Co. Incorporated |
$52,500,000 |
|
||
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UBS Securities LLC |
$52,500,000 |
|
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|
|
|
|
|
||
|
Joint Lead Managers: |
Merrill Lynch, Pierce, Fenner & Smith |
$28,000,000 |
|
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|
|
Incorporated |
|
|||
|
|
RBC Capital Markets Corporation |
$28,000,000 |
|
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Co-Managers: |
Banc of America Securities LLC |
$6,000,000 |
|
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|
|
BNY Capital Markets, Inc. |
$6,000,000 |
|
||
|
|
Calyon Securities (USA) Inc. |
$6,000,000 |
|
||
|
|
Comerica Securities, Inc. |
$6,000,000 |
|
||
|
|
Ferris, Baker Watts, Incorporated |
$6,000,000 |
|
||
|
|
Greenwich Capital Markets, Inc. |
$6,000,000 |
|
||
|
|
Janney Montgomery Scott LLC |
$6,000,000 |
|
||
|
|
Morgan Keegan & Company, Inc. |
$6,000,000 |
|
||
|
|
Oppenheimer & Co. Inc. |
$6,000,000 |
|
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|
|
Piper Jaffray & Co. |
$6,000,000 |
|
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|
PNC Capital Markets LLC |
$6,000,000 |
|
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|
SG Americas Securities, LLC |
$6,000,000 |
|
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Stifel, Nicolaus & Company, Incorporated |
$6,000,000 |
|
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|
|
SunTrust Capital Markets, Inc. |
$6,000,000 |
|
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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 preliminary prospectus supplement and a related prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and the related 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 Web site at www.sec.gov. Alternatively, the issuer or any underwriter participating in the offering will arrange to send you the prospectus supplement and related prospectus if you request it by calling Wachovia Capital Markets, LLC toll-free at (866) 289-1262, Morgan Stanley & Co. Incorporated toll-free at (866) 718-1649 or UBS Securities LLC toll-free at (888) 722-9555 ext. 1088.
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.