Hospitality Properties Trust

SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2014

(dollars in millions)


	Initial Cost to				Costs Capitalized						Gross Amount at which Carried
	Company				Subsequent to Acquisition						at Close of Period
			Building &						Cost Basis				Building &
	Land		Improvements		Improvements		Impairment		Adjustment(1)		Land		Improvements		Total(2)
144 TravelCenters of America	$	583	$	881	$	335	$	—	$	—	$	596	$	1,203	$	1,799
70 Courtyards		126		639		182		(8)		(10)		125		804		929
40 Petro Stopping Centers		230		401		136		—		—		242		525		767
61 Candlewood Hotels		73		383		64		(14)		(7)		71		428		499
35 Residence Inns		67		326		105		(3)		(3)		68		424		492
19 Staybridge Suites		54		211		20		—		—		51		234		285
22 Hyatt Place		24		185		34		—		—		24		219		243
4 Sonesta		35		120		51		(15)		(5)		34		152		186
4 Royal Sonesta		63		300		54		(16)		(9)		65		327		392
6 Crowne Plaza		36		141		61		—		—		35		203		238
6 Wyndham		35		175		50		(26)		(8)		35		191		226
3 InterContinental		17		100		95		—		—		14		198		212
14 Sonesta ES Suites		31		124		114		(35)		(27)		32		175		207
2 Marriott Full Service		10		69		46		—		—		10		115		125
5 Radisson		7		88		14		—		—		8		101		109
1 Clift Hotel		28		80		—		—		—		28		80		108
12 TownePlace Suites		17		78		20		(15)		(18)		17		65		82
5 Country Inn		6		58		7		—		—		6		65		71
16 Hawthorn Suites		14		77		18		(33)		(18)		14		44		58
2 Holiday Inn		3		2		20		—		—		5		20		25
2 SpringHill Suites		3		15		2		—		—		3		17		20
1 Park Plaza		1		9		—		—		—		1		9		10
Assets Held for Sale
1 Courtyard		1		4		2		—		—		1		6		7
	$	1,464	$	4,466	$	1,430	$	(165)	$	(105)	$	1,485	$	5,605	$	7,090

(1)

Represents reclassifications between accumulated depreciation and building & improvements made to record certain properties at fair value in accordance with GAAP.

(2)

Excludes $572 of personal property classified on our Consolidated Balance Sheets as furniture, fixtures and equipment.

Hospitality Properties Trust

SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

December 31, 2014

(dollars in millions)


					Life on which
					Depreciation in
					Latest Income
	Accumulated		Date of	Date	Statement is
	Depreciation(1)		Construction	Acquired	Computed
144 TravelCenters of America	$	(416)	1962 through 2005	2007	10 - 40 Years
70 Courtyards		(319)	1987 through 2000	1995 through 2003	10 - 40 Years
40 Petro Stopping Centers		(178)	1975 through 2005	2007	10 - 40 Years
35 Residence Inns		(155)	1989 through 2002	1996 through 2005	10 - 40 Years
61 Candlewood Hotels		(140)	1996 through 2000	1997 through 2003	10 - 40 Years
22 Hyatt Place		(95)	1992 through 2000	1997 through 2002	10 - 40 Years
19 Staybridge Suites		(77)	1989 through 2002	1996 through 2006	10 - 40 Years
3 InterContinental		(53)	1924 through 1989	2006	10 - 40 Years
5 Radisson		(48)	1987 through 1990	1996 through 1997	10 - 40 Years
6 Crowne Plaza		(48)	1971 through 1987	2006	10 - 40 Years
2 Marriott Full Service		(44)	1972 through 1995	1998 through 2001	10 - 40 Years
5 Country Inn		(33)	1987 through 1997	1996 and 2005	10 - 40 Years
4 Royal Sonesta		(33)	1969 through 1987	2005 through 2013	10 - 40 Years
14 Sonesta ES Suites		(27)	1996 through 2000	1996 through 2003	10 - 40 Years
12 TownePlace Suites		(13)	1997 through 2000	1998 through 2001	10 - 40 Years
4 Sonesta		(12)	1924 through 2010	2005 through 2014	10 - 40 Years
6 Wyndham		(12)	1960 through 1988	2006 through 2013	10 - 40 Years
2 Holiday Inn		(5)	1984 through 2001	2006	10 - 40 Years
2 SpringHill Suites		(6)	1997 through 2000	2000 through 2001	10 - 40 Years
1 Park Plaza		(5)	1987 through 1990	1996	10 - 40 Years
1 Clift Hotel		(4)	1913	2012	10 - 40 Years
16 Hawthorn Suites		(4)	1996 through 2000	1997 through 2006	10 - 40 Years
Assets held for sale
1 Courtyard		—	1988	1995	10 - 40 Years
Total (475 properties)	$	(1,727)

(1)

Excludes accumulated depreciation of $255 related to personal property classified on our Consolidated Balance Sheets as furniture, fixtures and equipment.

HOSPITALITY PROPERTIES TRUST

NOTES TO SCHEDULE III

DECEMBER 31, 2014

(dollars in thousands)

(A)

The change in total cost of properties for the period from January 1, 2012 to December 31, 2014 is as follows:


	2014		2013		2012
Balance at beginning of year	$	6,825,627	$	6,352,288	$	5,851,887
Additions: acquisitions and capital expenditures		277,432		496,573		563,793
Dispositions		(12,981)		(15,288)		(42,668)
Loss on asset impairment		—		(7,946)		(861)
Cost basis adjustment(1)		—		—		(19,863)
Balance at close of year	$	7,090,078	$	6,825,627	$	6,352,288

(B)

The change in accumulated depreciation for the period from January 1, 2011 to December 31, 2014 is as follows:


	2014		2013		2012
Balance at beginning of year	$	1,513,482	$	1,324,728	$	1,181,413
Additions: depreciation expense		222,249		204,042		182,782
Dispositions		(8,699)		(15,288)		(19,604)
Cost basis adjustment(1)		—		—		(19,863)
Balance at close of year	$	1,727,032	$	1,513,482	$	1,324,728

(C)

The aggregate cost tax basis for federal income tax purposes of our real estate properties was $7,153,881 on December 31, 2014.

(1)

Represents reclassifications between accumulated depreciation and building & improvements made to record certain properties at fair value in accordance with GAAP.