NEWTON, Mass.--(BUSINESS WIRE)--Hospitality Properties Trust (Nasdaq: HPT) today announced that the underwriters of its recent public offering of common shares have exercised in full their option to purchase an additional 1,650,000 common shares of beneficial interest, raising additional net proceeds of approximately $48.6 million. The settlement for such shares is expected to occur on August 26, 2016.

The joint bookrunning managers for this offering were Citigroup, BofA Merrill Lynch and Morgan Stanley. The joint lead managers for this offering were Jefferies, RBC Capital Markets and UBS Investment Bank. The co-managers of this offering were Baird, BB&T Capital Markets, Cannacord Genuity, Cantor Fitzgerald & Co., D.A. Davidson & Co., FBR, Janney Montgomery Scott, JMP Securities and Oppenheimer & Co.