<SUBMISSION>
<ACCESSION-NUMBER>0000908737-03-000540
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20031209
<ITEMS>5
<FILING-DATE>20031216
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>HOSPITALITY PROPERTIES TRUST
<CIK>0000945394
<ASSIGNED-SIC>6798
<IRS-NUMBER>043262075
<STATE-OF-INCORPORATION>MD
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-11527
<FILM-NUMBER>031056709
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>400 CENTRE ST
<CITY>NEWTON
<STATE>MA
<ZIP>02158
<PHONE>6179648389
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>400 CENTRE STREET
<CITY>NEWTON
<STATE>MA
<ZIP>02158
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>hpt8k_dec16.htm
<TEXT>
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     <!-- Client Name:    HOSPITALITY PROPERTIES TRUST                                     -->
     <!-- Project Name:   8K- December 16, 2003                                            -->
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     <TITLE>8K</TITLE>
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<A NAME=A003></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="4">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE="3">WASHINGTON, D.C. 20549</FONT></H1>

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<A NAME=A004></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 8-K<BR>
CURRENT REPORT</FONT></H1>

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<A NAME=A005></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PURSUANT TO
SECTION 13 OR 15(d) OF THE <BR>SECURITIES EXCHANGE ACT OF 1934<BR> </FONT></H1>


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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date
of Report (Date of earliest event reported): December 9, 2003  </FONT></P>

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<A NAME=A009></A>
<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="4"><B>HOSPITALITY PROPERTIES
TRUST </B></FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Exact name of registrant as
specified in charter) </FONT> </p>



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<TR VALIGN="TOP" ALIGN="CENTER">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Maryland</B><BR>(State or other jurisdiction of incorporation) </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>1-11527</B><BR>(Commission file number) </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>04-3262075</B><BR>(I.R.S. employer identification number) </FONT> </TD></TR>
</TABLE>
<BR><BR>


<P ALIGN="CENTER"> <FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>400 Centre Street, Newton, Massachusetts&nbsp;&nbsp;&nbsp;&nbsp;02458
</B>
 </FONT> </P>
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<P ALIGN="CENTER"> <FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>617-964-8389</B>
 </FONT> </P>

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<page>

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<A NAME=A001></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5. Other Events. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
December 9, 2003, we entered into a management agreement with a subsidiary of Prime
Hospitality Corp. (Prime) for the management of our 24 AmeriSuites<SUP>&reg;</SUP> hotels
and for the management and rebranding of 12 additional hotels as Prime<SUP>SM</SUP> Hotels
&amp; Resorts. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
previously reported, on April 1, 2003, subsidiaries of Wyndham International, Inc.
(Wyndham) failed to pay rent due under a lease relating to our 12 Wyndham<SUP>&reg;</SUP>
hotels. We declared Wyndham in default of its lease obligations and exercised various
remedies. On May&nbsp;12, 2003, we terminated Wyndham&#146;s occupancy and operation of
the 12 Wyndham<SUP>&reg;</SUP> hotels, leased the hotels to one of our taxable REIT
subsidiaries and entered into an interim management agreement with Crestline Hotels &amp;
Resorts, Inc., a U.S. subsidiary of the Spanish hotel company Barcelo Corporacion
Empresarial, S.A., to operate the hotels. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
previously reported, on July 1, 2003, a subsidiary of Prime failed to pay rent due under a
lease relating to our 24 AmeriSuites<SUP>&reg;</SUP> hotels. Since that time, Prime&#146;s
subsidiary has continued to manage these 24 AmeriSuites<SUP>&reg;</SUP> hotels while we
negotiated with Prime concerning the long term operations of these hotels. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the new management agreement, a subsidiary of Prime will operate all 36 of our hotels
discussed above. The 24 AmeriSuites<SUP>&reg;</SUP> hotels will continue to be operated as
AmeriSuites<SUP>&reg;</SUP> hotels and the 12 Wyndham<SUP>&reg;</SUP> hotels will be
rebranded as Prime<SUP>SM</SUP> Hotels &amp; Resorts. The agreement will become effective
on January 1, 2004 with respect to the 24 AmeriSuites<SUP>&reg;</SUP> hotels and will
become effective for the 12 Wyndham<SUP>&reg;</SUP> hotels not later than February 1,
2004. In connection with the new management agreement, the interim management agreement
for the 12 Wyndham<SUP>&reg;</SUP> hotels will be terminated, the existing lease relating
to the 24 AmeriSuites<SUP>&reg;</SUP> hotels will be terminated and these 24 hotels will
be leased to one of our taxable REIT subsidiaries. Pursuant to the agreement, after
payment of operating costs and funding the capital reserve, Prime will pay us an
owner&#146;s priority return of $26 million per year, plus 50% of cash flow after payment
of such amounts and reimbursements of working capital and guaranty advances, if any. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
terms of this management agreement include the following: </FONT></P>

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<ul>
     <li><p><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
The agreement&#146;s initial term is 15 years, and Prime will have two consecutive 15 year
renewal options for all, and not less than all, of these hotels. </FONT></p>

     <li><p><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
We will provide $25 million during the next two years to pay for re-branding and other
capital improvements, which we expect to be used primarily for the 12 hotels which will
become Prime<SUP>SM</SUP> Hotels &amp; Resorts. Thereafter, a percentage of gross revenues
of the 36 hotels will be escrowed as a reserve for capital needs. We have also agreed to
provide certain additional funding, if needed, in return for an increase in our
owner&#146;s priority according to a formula. </FONT></p>
</ul>

<p align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">-2-</font></p>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prime
has provided a guarantee of the obligations of its subsidiaries to pay our owner&#146;s
priority return in accordance with the terms of the management agreement. The guarantee is
limited to an aggregate of $30 million and requires Prime to maintain a minimum
consolidated tangible net worth of at least $200 million. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WARNING
REGARDING FORWARD LOOKING STATEMENTS</b></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>THIS FORM 8-K CONTAINS FORWARD
LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995 AND THE FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON OUR
CURRENT BELIEFS AND EXPECTATIONS, BUT THEY ARE NOT GUARANTEED TO OCCUR. THESE FORWARD
LOOKING STATEMENTS MAY NOT OCCUR BECAUSE OF KNOWN CONTINGENCIES OR BECAUSE OF CHANGED
CIRCUMSTANCES. FOR EXAMPLE: </FONT></P>

<ul>
     <li><p><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
ALTHOUGH ANY FRANCHISE ROYALTY AND MANAGEMENT FEES DUE TO PRIME ARE SUBORDINATED TO OUR
$26 MILLION/YEAR PRIORITY RETURN, PAYMENT OF OUR RETURN IS NOT ASSURED. HISTORICALLY, IN
2000, 2001 AND 2002 AND THE 12 MONTHS ENDED SEPTEMBER 30, 2003, REVENUES GENERATED BY
THESE 36 HOTELS WOULD HAVE BEEN SUFFICIENT TO PAY THE OPERATING COSTS OF THE HOTELS, TO
FUND A RESERVE OF 5% OF REVENUES FOR CAPITAL EXPENDITURES AND TO PAY OUR PRIORITY RETURN.
HOWEVER, THE AMOUNT OF REVENUES AVAILABLE TO PAY THESE AMOUNTS FOR THESE 36 HOTELS HAVE
DECLINED SINCE 2000. IF SUCH DECLINES CONTINUE, THE 36 HOTELS MAY NOT PRODUCE SUFFICIENT
REVENUE TO PAY OUR PRIORITY RETURN. </FONT></p>

     <li><p><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
ALTHOUGH PRIME HAS GUARANTEED OUR $26 MILLION/YEAR PRIORITY RETURN, THE GUARANTY IS
LIMITED TO $30 MILLION. ALSO, ALTHOUGH PRIME HAS AGREED TO MAINTAIN A TANGIBLE NET WORTH
OF AT LEAST $200 MILLION WHILE THE GUARANTY IS IN EFFECT, WE CAN PROVIDE NO ASSURANCE THAT
PRIME WILL BE ABLE OR WILLING TO MAINTAIN THAT COVENANT OR TO MEET ITS GUARANTY
OBLIGATIONS. </FONT></p>

     <li><p><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
WE HAVE AGREED TO PROVIDE $25 MILLION TO FUND RE-BRANDING AND OTHER CAPITAL IMPROVEMENTS,
WHICH WE EXPECT TO BE USED PRIMARILY FOR THE 12 HOTELS WHICH WILL BECOME
PRIME<SUP>SM</SUP> HOTELS &amp; RESORTS. THIS AMOUNT IS ONLY AN ESTIMATE OF REQUIRED
EXPENDITURES TO CORRECT DEFERRED MAINTENANCE AND PURCHASE APPROPRIATE IMPROVEMENTS AGREED
BY PRIME AND OURSELVES AND MAY BE INSUFFICIENT. WE HAVE ALSO AGREED TO PROVIDE ADDITIONAL
FUNDING, IF NEEDED, IN RETURN FOR AN INCREASE IN OUR OWNER&#146;S PRIORITY ACCORDING TO A
FORMULA. ANY INCREASE IN THE AMOUNT OF OUR PRIORITY PAYMENT WILL STRESS THE HOTELS&#146;
ABILITY TO PAY OUR PRIORITY RETURN. </FONT></p>
</ul>


<p align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">-3-</font></p>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>THERE ARE LIKELY OTHER REASONS WHY
FORWARD LOOKING STATEMENTS IN THIS FORM 8-K MAY NOT OCCUR. INVESTORS ARE CAUTIONED NOT TO
PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS. </FONT></P>


<p align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">-4-</font></p>
<BR><BR>
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<A NAME=A015></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized. </FONT></P>


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<TR VALIGN="TOP">
     <TD WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>HOSPITALITY PROPERTIES TRUST</b></font><BR>
     <FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Registrant)<BR>
<BR>
<BR>
 By:&nbsp;/s/ Mark L. Kleifges<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mark L. Kleifges<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasurer</FONT></TD>
</TR>
</TABLE>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated: December 16, 2003 </FONT></P>



<p align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">-5-</font></p>
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</SUBMISSION>
