Service Properties Trust — Director's Dealing 2007

Mar 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HOSPITALITY PROPERTIES TRUST (NYSE:HPT)
CIK: 0000945394
Period of Report: 2007-03-26

Reporting Person: PORTNOY ADAM (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-26	Common Shares of Benefical Interest	J	13468	$46.46	Acquired	36106	Direct

Footnotes

F1: These shares were issued pursuant to an Advisory Agreement between the issuer and Reit Management & Research LLC ("RMR"), of which Mr. Portnoy is a director and minority beneficial owner. Mr. Portnoy purchased these shares from RMR upon their issuance. Such transfers were exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16a-13 thereunder.

F2: In accordance with the Advisory Agreement referred to above, certain historical share price information was used to determine the number of common shares of beneficial interest paid to RMR. The per share price amount listed above is the closing sale price of the issuer's common shares of beneficial interest on the New York Stock Exchange on March 26, 2007, when the shares were issued and purchased.