Hospitality Properties Trust, Newton, Mass., has priced a public offering of 12 million common shares of beneficial interest at $47.51 per share.HPT said it expects to use the proceeds of the offering to fund, in part, the acquisition of TravelCenters of America and for general corporate purchases. The underwriters have been granted an option to buy up to 1.8 million additional shares to cover any overallotments. Merrill Lynch & Co. is the sole book-running manager of the offering. Hospitality Properties, a real estate investment trust that specializes in hotels, can be found on the Internet at http://www.hptreit.com.

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