Service Properties Trust — Regulatory Filings 2007

Jul 2, 2007

424B7 1 hpt_424b7.htm 424B7 hpt_424b7.htm Licensed to: Sullivan & Worcester Document Created using EDGARizer 4.0.1.0 Copyright 2007 EDGARfilings, Ltd., an IEC company. All rights reserved EDGARfilings.com

As Filed Pursuant to Rule 424(b)(7)

Registration No. 333-141914

PROSPECTUS SUPPLEMENT NO. 4

(To Prospectus dated April 5, 2007)

$575,000,000

Aggregate Principal Amount

of

3.80% Convertible Senior Notes due 2027

and

Common Shares of Beneficial Interest Issuable Upon Conversion

Thereof

of

Hospitality Properties Trust

This prospectus supplement supplements information contained in the prospectus dated April 5, 2007 covering resales by selling securityholders of our 3.80% Convertible Senior Notes due 2027, or the notes, and our common shares of beneficial interest, or common shares, issuable upon conversion of the notes. This prospectus supplement is not complete without, and may not be delivered or utilized except in combination with, the prospectus, including any amendments or supplements thereto. This prospectus supplement is incorporated by reference into the prospectus and should be read in conjunction with the prospectus. The terms of the notes and the common shares are set forth in the prospectus.

Investing in the notes and the common shares into which the notes are convertible involves risks. See “Risk Factors” beginning on page 7 of the prospectus, as well as the risk factors that are incorporated by reference into the prospectus from our Annual Report on Form 10-K for the year ended December 31, 2006.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement is truthful and complete. Any representation to the contrary is a criminal offense.

The date of this prospectus supplement is July 2, 2007.

Selling Securityholders

The following information supplements and updates the table of selling securityholders contained on pages 67 through 68 of the prospectus, as such table has been previously supplemented and updated by previous prospectus supplements. Where the name of a selling securityholder identified in the table below appears in the table in the prospectus or the earlier prospectus supplements, the information set forth in the table below regarding that selling securityholder supersedes and replaces the information regarding such selling securityholder in the prospectus or the earlier prospectus supplements.

The information below, which has been prepared based on information furnished to us by or on behalf of the selling securityholders named therein, sets forth the name of each selling securityholder, the principal amount of notes that each selling securityholder owns and may offer pursuant to the prospectus, as amended or supplemented, and the number of common shares into which those notes are convertible. Unless set forth below, to our knowledge, none of the selling securityholders has, or within the past three years has had, any material relationship with us or any of our predecessors or affiliates or beneficially owns in excess of 1% of our outstanding common shares.

We have prepared the table below based on information received from the selling securityholders on or prior to July 2, 2007. However, any or all of the notes or common shares listed below may be offered for sale pursuant to the prospectus by the selling securityholders from time to time. Accordingly, no estimate can be given as to the amount of notes or number of common shares that will be held by the selling securityholders upon consummation of any sales. In addition, the selling securityholders listed in the table below may have acquired, sold or transferred, in transactions exempt from the registration requirements of the Securities Act of 1933, as amended, some or all of their notes since the date as of which the information in the table is presented.

Information about the selling securityholders may change over time, and we may not be made aware of changes in the ownership of our notes. Any changed information that is provided to us by selling securityholders will be set forth in additional prospectus supplements to the prospectus.

| Name | Principal Amount
of Notes Beneficially Owned Prior
to the Offering | Principal Amount of
Notes Being Offered Hereby | Principal Amount (and Percentage) of
Notes to be
Owned After Completion of
the Offering(1) | Number
of Common Shares Beneficially Owned Prior
to the Offering | Number of Common Shares Being Offered Hereby(2) | Number
of Common Shares
to be Owned After Completion of
the Offering | Percentage
of Common Shares Outstanding(1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| ADI
Alternative Investments(3) | $4,500,000 | $4,500,000 | 0 | 0 | 89,108 | 0 | 0 |
| ADI
Alternative Investments c/o Axis Pan (4) | $1,500,000 | $1,500,000 | 0 | 0 | 29,702 | 0 | 0 |
| ADI
Alternative Investments c/o CASAM ADI CB Arbitrage(5) | $5,500,000 | $5,500,000 | 0 | 0 | 108,909 | 0 | 0 |
| ADI
Alternative Investments c/o Kallista Master Fund
Limited(6) | $9,500,000 | $9,500,000 | 0 | 0 | 188,117 | 0 | 0 |
| BNP
Paribas Arbitrage(7) | $2,500,000 | $2,500,000 | 0 | 0 | 49,504 | 0 | 0 |
| Credit
Suisse Securities Europe Ltd.(8) | $11,797,000 | $11,797,000 | 0 | 0 | 233,601 | 0 | 0 |
| Deutsche
Bank AG, London(9) | $15,000,000 | $15,000,000 | 0 | 0 | 297,027 | 0 | 0 |
| Investcorp
SilverBack Arbitrage Master Fund Limited(10) | $3,000,000 | $3,000,000 | 0 | 0 | 59,405 | 0 | 0 |

| Merrill
Lynch, Pierce, Fenner & Smith(11) | $2,730,000 | $2,730,000 | 0 | 0 | 54,058 | 0 | 0 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Redbrick
Capital Master Fund Ltd.(12) | $30,000,000 | $30,000,000 | 0 | 0 | 594,054 | 0 | 0 |
| TD
Securities (USA) LLC(13) | $5,500,000 | $5,500,000 | 0 | 0 | 108,909 | 0 | 0 |
| Thrivent
Financial for Lutherans(14) | $3,500,000 | $3,500,000 | 0 | 0 | 69,306 | 0 | 0 |
| All
other holders of notes or future transferees of such
holders(15) | $87,052,000 | $87,052,000 | 0 | 0(16) | (17) | 0 | 0 |

| (1) | Assumes
the sale of all securities offered hereby (and only the securities
offered
hereby) on behalf of each holder by each such holder. |
| --- | --- |
| (2) | Represents
maximum number of common shares issuable upon conversion of notes
by a
named selling securityholder at an initial conversion rate of 19.8018
common shares per $1,000 principal amount of notes (subject to
adjustment
under certain circumstances—see “Description of Notes—Conversion Rights”
in the prospectus). |
| (3) | Erich
Bonnet, Alain Reihold, Christophe Lepitre, Patrick Hobin and Makrem
Boumlouka exercise voting and investment power over the securities
beneficially owned by ADI Alternative Investments. |
| (4) | Erich
Bonnet, Alain Reihold, Christophe Lepitre, Patrick Hobin and Makrem
Boumlouka exercise voting and investment power over the securities
beneficially owned by ADI Alternative Investments c/o Axis
Pan. |
| (5) | Erich
Bonnet, Alain Reihold, Christophe Lepitre, Patrick Hobin and Makrem
Boumlouka exercise voting and investment power over the securities
beneficially owned by ADI Alternative Investments c/o CASAM ADI
CB
Arbitrage. |
| (6) | Erich
Bonnet, Alain Reihold, Christophe Lepitre, Patrick Hobin and Makrem
Boumlouka exercise voting and investment power over the securities
beneficially owned by ADI Alternative Investments c/o Kallista
Master Fund
Limited. |
| (7) | Bernard
Gavgani exercises voting and investment power over the securities
beneficially owned by BNP Paribas Arbitrage. BNP Paribas
Arbitrage, an affiliate of BNP Paribas Securities Corp., which
is a
registered broker dealer, has informed us that it acquired its
notes in
the ordinary course of business and, at the time of the acquisition
thereof, it had no agreements or understandings, directly or indirectly,
with any other person to distribute the notes or the underlying
common
shares of beneficial interest. |
| (8) | The
selling securityholder has disclosed that it is a registered
broker-dealer. Therefore, it is deemed to be, under
interpretations of the Securities and Exchange Commission, an
“underwriter” within the meaning of the Securities Act of 1933, as
amended. Any profits realized by this selling securityholder may be
deemed to be underwriting commissions. This selling securityholder
has represented that it acquired its securities in the ordinary
course of
business, and, at the time of the acquisition of the securities,
had no
agreements or understandings to distribute the
securities. Gerry Murdaugh exercises voting and investment
power over the securities beneficially owned by Credit Suisse Securities
Europe Ltd. |
| (9) | The
selling securityholder has disclosed that it is a registered
broker-dealer. Therefore, it is deemed to be, under
interpretations of the Securities and Exchange Commission, an
“underwriter” within the meaning of the Securities Act of 1933, as
amended. Any profits realized by this selling securityholder may be
deemed to be underwriting commissions. This selling securityholder
has represented that it acquired its securities in the ordinary
course of
business, and, at the time of the acquisition of the securities,
had no
agreements or understandings to distribute the
securities. Alexander Dzerneyko exercises
voting and investment power over the securities beneficially owned
by
Deutsche Bank AG, London. |
| (10) | Elliot
Bossen exercises voting and investment power over the securities
beneficially owned by Investcorp SilverBack Arbitrage Master Fund
Limited. |
| (11) | The
selling securityholder has disclosed that it is a registered
broker-dealer. Therefore, it is deemed to be, under
interpretations of the Securities and Exchange Commission, an
“underwriter” within the meaning of the Securities Act of 1933, as
amended. Any profits realized by this selling securityholder may be
deemed to be underwriting commissions. This selling securityholder
has represented that it acquired its securities in the ordinary
course of
business, and, at the time of the acquisition of the securities,
had no
agreements or understandings to distribute the securities. Jim
Reilly exercises voting and investment power over the securities
beneficially owned by Merrill Lynch, Pierce, Fenner &
Smith. |
| (12) | Redbrick
Capital Management is the manager of Redbrick Capital Master Fund
Ltd. Jeff Baum and Tony Morgan share voting and investment
power over the securities beneficially owned by Redbrick Capital
Master
Fund Ltd. on behalf of Redbrick Capital Management. |
| (13) | The
selling securityholder has disclosed that it is a registered
broker-dealer. Therefore, it is deemed to be, under
interpretations of the Securities and Exchange Commission, an
“underwriter” within the meaning of the Securities Act of 1933, as
amended. Any profits realized by this selling securityholder may be
deemed to be underwriting commissions. This selling securityholder
has represented that it acquired its securities in the ordinary
course of
business, and, at the time of the acquisition of the securities,
had no
agreements or understandings to distribute the
securities. Simon Pharr exercises voting and investment power
over the securities beneficially owned by TD Securities (USA)
LLC. |
| (14) | The
Board of Directors of Thrivent Financial for Lutherans has delegated
voting and investment power to Senior Vice President and Chief
Investment
Officer Russell Swansen, with the authority to further
sub-delegate. Thrivent Investment Management, Inc.,
a wholly-owned |

| | subsidiary
of Thrivent Financial for Lutherans, which is a registered broker
dealer,
has informed us that it acquired its notes in the ordinary course
of
business and, at the time of the acquisition thereof, it had no
agreements
or understandings, directly or indirectly, with any other person
to
distribute the notes or the underlying common shares of beneficial
interest. |
| --- | --- |
| (15) | Information
concerning other selling securityholders will be set forth in additional
prospectus supplements to the prospectus, if required. |
| (16) | Assumes
that any other holder of notes or any future transferee of any
such holder
does not beneficially own any of our common securities other than
common
shares issuable upon conversion of the notes at the initial conversion
rate. |
| (17) | A
maximum of 5,000,000 common shares have been registered for resale
upon
conversion of the notes. Amounts in the table above may add up
to more than 5,000,000 but in no event will we issue more than
5,000,000
common shares for resale under the prospectus, as
supplemented. We do not anticipate issuing more than an
aggregate of 5,000,000 shares in connection with conversions of
the notes
due to our ability to settle a portion of the conversions in
cash. See “Description of Notes-Conversion Settlement” in the
prospectus. |