-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Ox/M4BBsyi/3rjpNTjcifXAvDmpE2bW6ynvYBTFdmg4Hb9goVnk+QiX471DLLl/t
 GNZdnu3pICd89zYbmL+rJA==

<SEC-DOCUMENT>0001104659-07-006911.txt : 20070202
<SEC-HEADER>0001104659-07-006911.hdr.sgml : 20070202
<ACCEPTANCE-DATETIME>20070202162342
ACCESSION NUMBER:		0001104659-07-006911
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070129
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070202
DATE AS OF CHANGE:		20070202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HOSPITALITY PROPERTIES TRUST
		CENTRAL INDEX KEY:			0000945394
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				043262075
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11527
		FILM NUMBER:		07576833

	BUSINESS ADDRESS:	
		STREET 1:		400 CENTRE ST
		CITY:			NEWTON
		STATE:			MA
		ZIP:			02158
		BUSINESS PHONE:		6179648389

	MAIL ADDRESS:	
		STREET 1:		400 CENTRE STREET
		CITY:			NEWTON
		STATE:			MA
		ZIP:			02158
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a07-3288_28k.htm
<DESCRIPTION>8-K
<TEXT>
<html>  <head>





</head>  <body lang="EN-US" style=" text-justify-trim:punctuation">  <div style="font-family:Times New Roman;">
 <div style="border:none;border-top:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;"><a name="scotch"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> </div>   <p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>  <p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">UNITED STATES</font></b></p>  <p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>  <p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Washington, D.C. 20549</font></b></p>  <p style="font-weight:bold;margin:0pt 0pt .0001p
t;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>  <p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">FORM 8-K</font></b></p>  <p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman">&nbsp;</font></b></p>  <p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;">CURRENT REPORT</font></b></p>  <p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b></p>  <p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="
3" face="Times New Roman">&nbsp;</font></b></p>  <p style="font-size:12.0pt;font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Date of Report
(Date of earliest event reported):</font></b> January 29, 2007</p>  <p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>  <p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">HOSPITALITY PROPERTIES TRUST</font></b></p>  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact Name of Registrant as Specified in Its Charter)</font></p>  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>  <div align="center">  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">  <tr>  <td width="100%" colspan="3" valign="top" style="padding:0pt .7pt 0pt .7pt;width:100.0%
;">  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><b>Maryland</b></p>  </td>  </tr>  <tr>  <td width="100%" colspan="3" valign="top" style="padding:0pt .7pt 0pt .7pt;width:100.0%;">  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or Other
  Jurisdiction of Incorporation)</font></p>  </td>  </tr>  <tr>  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>  </td>  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>  </td>  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>  </td>  </tr>  <tr>  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1-115
27</font></b></p>  </td>  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>  </td>  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">04-3262075</font></b></p>  </td>  </tr>  <tr>  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File
  Number)</font></p>  </td>  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>  </td>  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(IRS Employer
  Identification No.)</font></p>  </td>  </tr>  </table>  </div>  <p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.1pt;">&nbsp;</font></b></p>  <p align="center" style="font-size:10.0pt;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.1pt;">400 Centre Street,
Newton, Massachusetts 02458</font></b><br>  <font style="letter-spacing:-.1pt;">(Address of Principal Executive Offices)
(Zip Code)</font></p>  <p align="center" style="font-size:10.0pt;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.1pt;">617-964-8389</font></b><br>  <font style="letter-spacing:-.1pt;">(Registrant&#146;s Telephone Number, Including
Area Code)</font></p>  <p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">Check the appropriate box below if the Form&nbsp;8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:</font></p>  <p style="font-size:10.0pt;margin:0pt 0pt 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.1pt;">o</font><font style="letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Written
communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR
230.425)</font></p>  <p style="font-size:10.0pt;margin:0pt 0pt 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.1pt;">o</font><font style="letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Soliciting
material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>  <p style="font-size:10.0pt;margin:0pt 0pt 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.1pt;">o</font><font style="letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pre-commencement
communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</font></p>  <p style="font-size:10.0pt;margin:0pt 0pt 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.1pt;">o</font><font style="letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pre-commencement
communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</font></p>  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>
 <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> </div>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\33145348784_D11085_1668620\3288-2-ba.htm',USER='jmsproofassembler',CD='Feb  2 14:54 2007' -->



<br clear="all" style="page-break-before:always;">

<div>


<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.1pt;">Item 1.01.&#160; Entry into a Material Definitive Agreement.</font></b><a name="Item1_01_EntryIntoAMaterialDefini_134046"></a><br>
<b style="letter-spacing:-.1pt;">Item 2.01.&#160; Completion of Acquisition or Disposition of
Assets.</b><a name="Item2_01_CompletionOfAcquisitionO_134049"></a></p>

<p style="margin:0pt 0pt 12.0pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;letter-spacing:-.1pt;">TA Transaction</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On January 31, 2007, Hospitality Properties Trust (hereinafter referred
to as &#147;HPT&#148;, &#147;we&#148;, &#147;our&#148; or &#147;us&#148;), completed our previously reported
acquisition of TravelCenters of America, Inc., or TravelCenters, pursuant to
the Agreement and Plan of Merger dated as of September 15, 2006, as amended,
among TravelCenters, us, one of our subsidiaries and Oak Hill Capital Partners,
L.P., solely in its capacity as the representative for the stockholders of
TravelCenters.&#160; Upon completion of the
acquisition, we restructured the business of TravelCenters and distributed all
of the common shares of our former subsidiary, TravelCenters of America LLC, or
TA, to our shareholders in a spin off transaction.&#160; The acquisition of TravelCenters, the
restructuring of the TravelCenters business and the spin off transaction are
collectively referred to herein as the TA Transaction.&#160; The TA Transaction is more fully described in
our Current Report on Form 8-K dated December 12, 2006, as amended, which we
refer to below as our December 12 Current Report.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The total consideration we paid to acquire TravelCenters was
approximately $1.9&nbsp;billion.&#160; The
cash purchase price was funded from the approximately $626.9 million net
proceeds from our issuance of 13.8 million common shares of beneficial interest
in December 2006 and January 2007 and from the borrowings under our credit
facility described below in Item 2.03 of this Current Report (which description
is incorporated by reference into this Item).</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Prior to the TA Transaction, TravelCenters operated a network of 163
travel centers that offer various hospitality and fuel services to professional
truck drivers and motorists primarily along the U.S. interstate highway system,
including 162 locations in 40 states in the U.S. and one in Ontario,
Canada.&#160; The assets we now own as a
result of the TA Transaction consist principally of real property.&#160; These travel centers are more fully described
in Part B of Item 8.01 of our December 12 Current Report under the caption &#147;The
TravelCenters Business &#151; Properties&#148;, and we incorporate that description by
reference in this Current Report.&#160; We
have leased these travel centers to a subsidiary of TA pursuant to the lease
described below.&#160; The assets of
TravelCenters which we do not own are owned by TA as a result of the TA
Transaction.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The <font style="letter-spacing:-.1pt;">merger agreement relating to our
acquisition of TravelCenters is filed with the Securities and Exchange
Commission as an exhibit to our Current Report on Form 8-K dated September 20,
2006 and is incorporated by reference as an exhibit to this Current
Report.&#160; An amendment to the merger
agreement is filed as an exhibit to this Current Report.&#160; If you want more information about the merger
agreement, you should read the entire merger agreement, as amended.&#160; You should note, however, that the merger
agreement is not intended as a document for investors to obtain factual
information about TA, TravelCenters, us or any other party.&#160; For that information you should refer to the
information contained in this Current Report or other filings we make under the
Securities Exchange Act of 1934, as amended, or the final prospectus relating
to our spin off of TA.&#160; Representations
or statements of facts in the merger agreement may be qualified by schedules or
materiality modifiers and generally did not survive the closing of the
merger.&#160; They may, in whole or in part,
be provided for the purpose of the parties&#146; confirming certain diligence
matters or represent a negotiated allocation of risk among parties.&#160; </font></font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='2',FILE='C:\fc\33125017254_D11089_1668088\3288-2-ca.htm',USER='jmsproofassembler',CD='Feb  2 12:50 2007' -->
<br clear="all" style="page-break-before:always;">



<p style="margin:0pt 0pt 12.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">Representations or statements of
facts contained in the merger agreement are not, and should not be construed
as, representations by us to any investor or potential investor.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">As a part of the restructuring of TravelCenters
which occurred in connection with the TA Transaction, on January 31, 2007:</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">TravelCenters became <font style="letter-spacing:-.1pt;">a subsidiary of our subsidiary, TA;</font></font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;letter-spacing:-.1pt;">&#183;</font><font size="1" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">certain real property interests
of 146 travel centers that were operated by TravelCenters and all trademarks,
tradenames and certain other assets used in connection with the travel center
business were transferred to subsidiaries of ours that were not owned by TA;</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;letter-spacing:-.1pt;">&#183;</font><font size="1" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">TA became the owner of all of the
working capital of TravelCenters, including current assets (primarily
consisting of cash, receivables and inventory) net of current liabilities
(primarily consisting of trade payables and accrued liabilities);</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;letter-spacing:-.1pt;">&#183;</font><font size="1" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">we contributed cash to TA so that
the sum of its current assets, net of current liabilities, was $200 million;</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;letter-spacing:-.1pt;">&#183;</font><font size="1" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">TA became the owner of one travel
center in Ontario, Canada, the operator of two travel centers leased from
owners other than us, the manager of one travel center for an owner other than
us, the franchisor of 13 travel centers owned and operated by third parties and
the owner of certain other assets historically owned and used by TravelCenters;</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;letter-spacing:-.1pt;">&#183;</font><font size="1" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">we entered into a lease of the
146 travel centers we acquired and certain related assets to TA pursuant to the
lease described below; and</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;letter-spacing:-.1pt;">&#183;</font><font size="1" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">TA commenced operating the travel
center business formerly conducted by TravelCenters.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">After giving effect to this restructuring, on
January 31, 2007, we distributed all of the shares of TA to our common
shareholders of record on January 26, 2007.&#160;
Shareholders were entitled to receive one TA common share for every ten
of our common shares owned on the record date, and fractional shares were
issued as necessary.&#160; </font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">TA&#146;s common shares are listed on the American Stock Exchange under the
symbol &#147;TA&#148;.</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;letter-spacing:-.1pt;">Transaction
Agreement</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In connection with the TA Transaction, we entered into a transaction
agreement effective as of January 29, 2007, with TA and our manager, Reit
Management &amp; Research LLC, or Reit Management.&#160; The transaction agreement provided for
certain of the steps in the restructuring of the TravelCenters business and the
spin off described above.&#160; In addition,
under this agreement:</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">TA entered into a management and shared
services agreement with Reit Management;</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='3',FILE='C:\fc\33125017254_D11089_1668088\3288-2-ca.htm',USER='jmsproofassembler',CD='Feb  2 12:50 2007' -->
<br clear="all" style="page-break-before:always;">



<p style="margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;letter-spacing:-.1pt;">&#183;</font><font size="1" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">TA granted to us a right of first
refusal to purchase, lease, mortgage or otherwise finance any interest it owns
or acquires in a travel center before it is sold, leased, mortgaged or
otherwise financed with another party; and</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;letter-spacing:-.1pt;">&#183;</font><font size="1" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">TA agreed to indemnify us for liabilities
relating to its business and operations for periods before and after the spin
off and for liabilities r</font><font size="2" style="font-size:10.0pt;">elating to the ownership and operation of the leased travel centers
which arise during the term of the lease described below.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;letter-spacing:-.1pt;">Lease</font></i></b></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">Two of our subsidiaries entered into an agreement
with a subsidiary of TA pursuant to which we lease </font><font size="2" style="font-size:10.0pt;">certain real property interests of 146 travel centers
that are operated by TA and all trademarks, tradenames and certain other assets
used in connection with TA&#146;s existing business.&#160;
The lease became effective on January&nbsp;31, 2007.&#160; TA and certain of its other subsidiaries have
guaranteed the tenant&#146;s lease obligations.&#160;
The following is a summary of material terms of this lease.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;letter-spacing:-.1pt;">Minimum Rent.</font></i><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">&#160; The lease requires TA to pay minimum rent to
us as follows:</font></p>

<div align="center" style="font-family:Times New Roman;">

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;">
 <tr style="page-break-inside:avoid;">
  <td width="352" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:263.85pt;">
  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><!-- SET mrlHTMLTableCenter -->Lease&nbsp;Year</p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Annual&nbsp;Rent&nbsp;(000s)</font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Per&nbsp;Month&nbsp;(000s)</font></b></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="352" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:263.85pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt 0pt 0pt 0pt;width:5.0pt;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="83" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:61.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">153,500</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt 0pt 0pt 0pt;width:5.0pt;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="83" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:61.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12,792</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="352" valign="top" style="padding:0pt .7pt 0pt 0pt;width:263.85pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">157,000</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13,083</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="352" valign="top" style="padding:0pt .7pt 0pt 0pt;width:263.85pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">161,000</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13,417</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="352" valign="top" style="padding:0pt .7pt 0pt 0pt;width:263.85pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">165,000</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13,750</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="352" valign="top" style="padding:0pt .7pt 0pt 0pt;width:263.85pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">170,000</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,167</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="352" valign="top" style="padding:0pt .7pt 0pt 0pt;width:263.85pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thereafter</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">175,000</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:66.95pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,583</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="352" style="border:none;"></td>
  <td width="16" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="83" style="border:none;"></td>
  <td width="16" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="83" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
 </tr>
</table>

</div>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, minimum rent may increase if we fund or
reimburse the cost of renovations, improvements and equipment related to the
leased travel centers as described below.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;letter-spacing:-.1pt;">Percentage Rent</font></i><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">.&#160; Starting in 2012, the lease requires TA to
pay us additional rent with respect to each lease year in an amount equal to
three percent (3%) of increases in non-fuel gross revenues and three tenths of
one percent (0.3%) of increases in gross fuel revenues at each leased travel
center over 2011 gross revenue amounts.&#160;
Percentage rent attributable to fuel sales is subject to a maximum each
year calculated by reference to changes in the consumer price index.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Operating Costs</font></i><font size="2" style="font-size:10.0pt;">.&#160;
The <font style="letter-spacing:-.1pt;">lease is a &#147;triple net&#148; lease,
which requires TA to pay all costs incurred in the operation of the leased
travel centers, including personnel, utilities, inventories, service to
customers, insurance, real estate and personal property taxes and certain
ground lease payments, if any.</font></font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;letter-spacing:-.1pt;">Improvements.</font></i><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">&#160; We have agreed to provide up to $25 million
of funding annually for the first five years of the lease for certain specified
improvements to the leased travel centers.&#160;
This funding is cumulative, meaning if some portion of the $25 million
is not spent in one year it may be drawn by TA from us in subsequent years until
December 31, 2015.&#160; All improvements will
be owned by us.&#160; There is no adjustment
in our minimum rent as we fund these amounts.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='4',FILE='C:\fc\33125017254_D11089_1668088\3288-2-ca.htm',USER='jmsproofassembler',CD='Feb  2 12:50 2007' -->
<br clear="all" style="page-break-before:always;">



<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;letter-spacing:-.1pt;">Maintenance and
Alterations.</font></i><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">&#160; Except for our
commitment to fund up to $125&nbsp;million as described above, TA is required
to maintain, at its expense, the leased travel centers in good order and
repair, including structural and non-structural components.&#160; TA may request that we fund amounts for
renovations, improvements and equipment at the leased travel centers, in
addition to the $125&nbsp;million described above, in return for minimum annual
rent increases according to a formula; generally, the amount we fund times the
greater of (i)&nbsp;8.5% or (ii)&nbsp;a benchmark U.S. Treasury interest rate
plus 3.5%.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;letter-spacing:-.1pt;">Term.</font></i><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">&#160; The term of the lease expires on
December&nbsp;31, 2022.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.1pt;">Item 2.03.&#160; Creation of a Direct Financial Obligation or
an Obligation under an Off Balance Sheet Arrangement of a Registrant.</font></b><a name="Item2_03_CreationOfADirectFinanci_134338"></a></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In connection with the TA Transaction, we borrowed <font style="letter-spacing:-.1pt;">$1.4 billion </font>on January 31, 2007, <font style="letter-spacing:-.1pt;">under our interim loan agreement with Merrill
Lynch Capital Corporation, as Administrative Agent, Merrill Lynch, Pierce,
Fenner &amp; Smith Incorporated as Lead Arranger and Lead Bookrunner, and the
additional agents and financial institutions signatory thereto.&#160; The interim loan agreement permits only a
single borrowing, and the stated maturity date of the borrowing is 364 days
after the January 31, 2007, effective date of the interim loan agreement.&#160; Interest on the outstanding amount of that
borrowing is computed at LIBOR plus a spread of 70 basis points, subject to
adjustment based on changes to our credit ratings.&#160; The initial annual interest rate was
6.02%.&#160; Other terms of the interim loan
agreement and of borrowings under that agreement are described in our Current
Report on Form 8-K dated January 22, 2007, which description is incorporated by
reference into this Current Report.</font></font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.1pt;">Item 9.01.&#160; Financial Statements and Exhibits.</font></b><a name="Item9_01_FinancialStatementsAndEx_134346"></a></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;letter-spacing:-.1pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Financial Statements of Businesses Acquired</i></font><br>
<font style="letter-spacing:-.1pt;">(b)<i>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pro Forma Financial Information</i></font></font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">Financial statements and pro forma financial
information required by Items 9(a) and (b) of Form 8-K in connection with the
matters reported in Item&nbsp;2.01 above are omitted pursuant to General
Instruction B.3 to Form 8-K.&#160; Such financial
statements and pro forma financial information has been previously reported in
Item 9.01 of the December 12 Current Report.</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">(d)<i>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;  Exhibits.</i></font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">The
Company hereby files the following exhibits:</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 75.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.1 </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Agreement and Plan of Merger, dated
September 15, 2006, among TravelCenters of America, Inc., Hospitality
Properties Trust, HPT TA Merger Sub Inc. and Oak Hill Capital Partners,
L.P.&#160; <i>(Incorporated
by reference to Exhibit 10.1 of our Current Report on Form 8-K dated September
20, 2006)</i>.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 75.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Amendment No. 1, dated as of January 30,
2007, to the Agreement and Plan of Merger among TravelCenters of America, Inc.,
Hospitality Properties Trust, HPT TA Merger Sub Inc. and Oak Hill Capital
Partners, L.P.&#160; <i>(Filed herewith)</i>.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='5',FILE='C:\fc\33125017254_D11089_1668088\3288-2-ca.htm',USER='jmsproofassembler',CD='Feb  2 12:50 2007' -->
<br clear="all" style="page-break-before:always;">



<p style="margin:0pt 0pt 12.0pt 75.0pt;text-indent:-36.0pt;"><font size="3" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.1pt;">WARNING
CONCERNING FORWARD LOOKING STATEMENTS</font></b><a name="WarningConcerningForwardLookingSt_134403"></a></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">THIS CURRENT REPORT CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE
MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER
FEDERAL SECURITIES LAWS.&#160; ALSO, WHENEVER
WE USE WORDS SUCH AS &#147;BELIEVE&#148;, &#147;EXPECT&#148;, &#147;ANTICIPATE&#148;, &#147;INTEND&#148;, &#147;PLAN&#148;, &#147;ESTIMATE&#148;
OR SIMILAR EXPRESSIONS, WE ARE MAKING FORWARD LOOKING STATEMENTS. THESE FORWARD
LOOKING STATEMENTS ARE BASED UPON OUR PRESENT INTENT, BELIEFS OR EXPECTATIONS,
BUT FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT
OCCUR.&#160; THESE FORWARD LOOKING STATEMENTS
APPEAR IN A NUMBER OF PLACES IN THIS CURRENT REPORT FOR EXAMPLE:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;letter-spacing:-.1pt;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>THIS
CURRENT REPORT ON FORM 8-K STATES THAT HPT EXPECTS TO RECEIVE CERTAIN MINIMUM
RENT FROM THE LEASE WITH TA.&#160; TA MAY
BECOME UNABLE TO PAY ITS CONTRACTUAL RENT OBLIGATIONS BECAUSE THE LEASED
PROPERTIES DO NOT PRODUCE THE EXPECTED INCOME OR FOR OTHER REASONS.</p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">OTHER RISKS COULD HAVE AN ADVERSE EFFECT ON US, AS DESCRIBED MORE FULLY
IN THE PORTIONS TITLED &#147;RISK FACTORS&#148; OF OUR ANNUAL REPORT ON FORM 10-K FOR THE
YEAR ENDED DECEMBER 31, 2005, OUR QUARTERLY REPORT ON FORM 10-Q FOR THE
QUARTERLY PERIOD ENDED SEPTEMBER 30, 2006 AND OUR CURRENT REPORT ON FORM 8-K
DATED DECEMBER 12, 2006, AS AMENDED.&#160; YOU
SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.&#160; EXCEPT AS REQUIRED BY LAW, WE UNDERTAKE NO
OBLIGATION TO UPDATE OR REVISE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF
NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='6',FILE='C:\fc\33125017254_D11089_1668088\3288-2-ca.htm',USER='jmsproofassembler',CD='Feb  2 12:50 2007' -->



<br clear="all" style="page-break-before:always;">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\33124854159_D11089_1668088\3288-2-cc.htm',USER='jmsproofassembler',CD='Feb  2 12:49 2007' -->


</body>  </html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.2
<SEQUENCE>2
<FILENAME>a07-3288_2ex2d2.htm
<DESCRIPTION>EX-2.2
<TEXT>
<html>

<head>







</head>

<body lang="EN-US">

<div>


<p align="right" style="font-weight:bold;margin:0pt 0pt 12.0pt 10.0pt;page-break-after:avoid;text-align:right;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXHIBIT 2.2<a name="Exhibit2_2_154102"></a></font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AMENDMENT NO. 1<br>
TO<br>&#160;AGREEMENT AND PLAN OF MERGER</font></b></p>

<p style="line-height:normal;margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER, dated as of January 30, 2007 (this &#147;<u>Amendment</u>&#148;),
to the Agreement and Plan of Merger, dated as of September 15, 2006 (the &#147;<u>Merger
Agreement</u>&#148;), by and among TravelCenters of America, Inc. (the &#147;<u>Company</u>&#148;),
Hospitality Properties Trust (&#147;<u>Parent</u>&#148;), HPT TA Merger Sub Inc. (&#147;<u>Merger
Sub</u>&#148;) and Oak Hill Capital Partners, L.P. (collectively, the &#147;<u>Parties</u>&#148;).&#160; Terms used herein but not defined shall have
the meaning assigned to them in the Merger Agreement.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Parties have heretofore executed and
entered into the Merger Agreement;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS,
Section 2.06(b) of the Merger Agreement provides that the Company shall use
commercially reasonable efforts to take such actions and obtain such consents
as are necessary under the Warrant
Agreement in order to provide that each Company Warrant that is outstanding and
unexercised at the Effective Time be cancelled as of the Effective Time and, in
exchange for such cancellation, the holders of the Company Warrants receive
right to payment from Parent immediately following the Effective Time of an
amount of cash calculated in accordance with the formula provided therein (in
the aggregate, the &#147;<u>Payment</u>&#148;);</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Company has taken such actions and obtained
such consents necessary to amend the Warrant Agreement and has entered into
that certain Second Amendment to Warrant Agreement, dated as of January 10,
2007, among the Company and U.S. Bank National Association (&#147;<u>US Bank</u>&#148;),
as successor warrant agent to State Street Bank and Trust Company (the &#147;<u>Second
Amendment</u>&#148;);</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Second Amendment provides that the Payment
will be made by the Company to US Bank, as Depository and Consent Agent
pursuant to that certain Depository and Consent Agent Agreement, dated as of
November 21, 2006, between the Company and US Bank, for further payment to the
holders of the Company Warrants;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Parties have agreed that Section 3.04(a) of
the Merger Agreement should be amended to provide that the Payment be made to
US Bank;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Parties have agreed that it will be more
practicable for payment of amounts to be paid to holders of Company Stock
Options pursuant to Section 2.06(a) (in the aggregate, the &#147;<u>Option Payment</u>&#148;)
to be made by the Surviving Corporation rather than the Exchange Agent;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Parties have agreed that Section 3.04(a) of
the Merger Agreement should be amended to provide that the Option Payment will
be made by Parent to the Surviving Corporation for further payment to the
holders of Company Stock Options;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS,
the Parties have agreed that certain adjustments to the Merger Consideration
which were to be determined as of the close of business on the day immediately</font></p>


<br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\32144420922_D11086_1663942\3288-1-kk.htm',USER='jmsproofassembler',CD='Feb  1 14:44 2007' -->
<br clear="all" style="page-break-before:always;">



<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;preceding the Closing Date shall instead be
determined at or after the close of business on the Closing Date and that
Parent will deposit with the Company, on the Closing Date, certain amounts
deducted in the determination of the Estimated Merger Consideration;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, Section 6.07(c) of the Merger Agreement
provides that the Parent shall obtain &#147;tail&#148; or &#147;runoff&#148; insurance policies
(the &#147;<u>Insurance Policies</u>&#148;) in accordance with the terms and conditions
described therein;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Parties have agreed that the Company shall
obtain the Insurance Policies but that the cost incurred by the Company in
obtaining the Insurance Policies be treated as a Special Cost;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, Section 6.08 of the Merger Agreement provides
that, subject to the terms and conditions provided in the Merger Agreement, the
Parties shall use all reasonable efforts to take, or cause to be taken, all
actions necessary, proper or advisable to consummate and make effective the
Merger and the other transactions contemplated by the Merger Agreement;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, Section 7.02(d) of the Merger Agreement
provides that, as a condition to Parent and Merger Sub&#146;s obligation to
consummate the Merger, the Company shall have obtained the consents and
approvals listed in Schedule 4.06 of the Merger Agreement, except for such
consents and approvals the failure of which to obtain would not, individually
or in the aggregate, reasonably be expected to have a Company Material Adverse
Effect (provided that the failure to obtain any consents or approvals due to
the identity of Parent or its Affiliates is not to be taken into account as to
whether or not the condition is satisfied);</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, each of Parent and Merger Sub have agreed for
the benefit of the Company that the Company need not seek all of the consents
and approvals heretofore listed in Schedule 4.06 of the Merger Agreement as a
condition to consummation of the Merger;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the board of directors of the Company desires
to pay certain additional fees to Oak Hill Capital Management, Inc. and Olympus
Growth Fund III, L.P. as Company Closing Costs and forgive certain indebtedness
of management stockholders in connection with the Merger; and</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, in order to effect the foregoing and to make
certain other clerical amendments as set forth below, the Parties desire to
amend the Merger Agreement in accordance with Section 9.09 of the Merger
Agreement as set forth below.</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, in
consideration of the premises and the mutual covenants and agreements herein
set forth, and other good and valuable consideration, the receipt and sufficiency
of which hereby are acknowledged, the parties hereby agree as follows:</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Amendment
to Section 3.04(a) of the Merger Agreement.</i>&#160; The first sentence of Section 3.04(a) of the
Merger Agreement is hereby amended and restated as follows:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:36.0pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Exchange Agent</font></u>.<i></i>&#160;Immediately
following the Effective Time (but in any event on the Closing Date), Parent
shall deposit (A) with an exchange agent selected by the Parent and </p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='2',FILE='C:\fc\32144420922_D11086_1663942\3288-1-kk.htm',USER='jmsproofassembler',CD='Feb  1 14:44 2007' -->
<br clear="all" style="page-break-before:always;">



<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">reasonably
acceptable to the Company (the &#147;<u>Exchange Agent</u>&#148;), for the benefit of the
holders of Company Common Stock, for exchange in accordance with this
Agreement, an amount equal to (i)&nbsp;the Estimated Merger Consideration <u>minus</u>
(ii)&nbsp;the Escrow Amount, <u>minus</u> (iii) the product of (A) the Per
Share Merger Consideration (calculated based on the Estimated Merger
Consideration) and (B) the total number of Dissenting Shares, <u>minus</u> (iv)
an amount equal to the Per Share Merger Consideration (calculated based on the
Estimated Merger Consideration) <u>multiplied by</u> the total number of shares
of Company Common Stock for which all Company Warrants were exercisable for
immediately prior to the Effective Time and, <u>minus</u> (v) an amount equal
to the Per Share Merger Consideration (calculated based on the Estimated Merger
Consideration) <u>multiplied by</u> the total number of shares of Company
Common Stock for which all Company Stock Options were exercisable immediately
prior to the Effective Time (the &#147;<u>Exchange Fund</u>&#148;) (it being understood
that any adjustment to the Estimated Merger Consideration pursuant to Section
3.02 shall be paid in accordance with such section), (B) with U.S. Bank
National Association (&#147;U.S. Bank&#148;), as Depository and Consent Agent pursuant to
that certain Depository and Consent Agent Agreement, dated as of November 21,
2006, between the Company and U.S. Bank, for further payment to the holders of
the Company Warrants, for the benefit of the holders of Company Warrants, for
exchange in accordance with this Agreement, an amount equal to the excess, if
any, of the Per Share Merger Consideration (calculated based on the Estimated
Merger Consideration) <u>multiplied by</u> the total number of shares of
Company Common Stock for which all Company Warrants were exercisable
immediately prior to the Effective Time over the&#160; aggregate sum of the Company Warrant Exercise
Price for all Company Warrants outstanding and unexercised immediately prior to
the Effective Time and (C) with the Surviving Corporation, for further payment
to the holders of the Company Stock Options, for the benefit of the holders of
Company Stock Options, for exchange in accordance with this Agreement, an
amount equal to the excess, if any, of the Per Share Merger Consideration
(calculated based on the Estimated Merger Consideration) <u>multiplied by</u>
the total number of shares of Company Common Stock for which all Company Stock
Options were exercisable immediately prior to the Effective Time over the&#160; aggregate sum of the Company Stock Option
Exercise Price for all Company Stock Options outstanding and unexercised
immediately prior to the Effective Time. &#147;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 72.0pt;page-break-after:avoid;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i>Amendment to Section 3.01 of the Merger Agreement</i>.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 72.0pt;page-break-after:avoid;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section
3.01(x) of the Merger Agreement is hereby amended and restated as follows:</p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;(x) <u>minus</u>
the aggregate of (A) such portion of the Funded Unpaid Company Closing Cost
Amount (hereafter defined) paid by the Surviving Corporation or a Company
Subsidiary on the Closing Date and (B) the amount of any Company Closing Costs
payable by the&#160; Surviving Corporation or
a Company Subsidiary after the close of business on the Closing Date;&#148;</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Section 3.01 of the Merger Agreement
is hereby amended by (1) the renumbering of clause (xi) as clause (xii); (2)
the addition of the following as clause (xi): &#147;<u>minus</u> $350,000; and&#148;; and
(3) the addition of the following as the last sentence thereto: &#147;The parties
hereto agree that on the Closing Date, Parent shall deposit with the Company
$44,103,161, which amount was deducted in the Company&#146;s calculation of the
Estimated Merger Consideration pursuant to Section 3.01(x), and which&#160; shall be utilized by the Company, the
Surviving Corporation or a </font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='3',FILE='C:\fc\32144420922_D11086_1663942\3288-1-kk.htm',USER='jmsproofassembler',CD='Feb  1 14:44 2007' -->
<br clear="all" style="page-break-before:always;">



<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Company
Subsidiary, to pay certain Company Closing Costs (the &#147;<u>Funded Unpaid Company
Closing Cost Amount</u>&#148;).</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition to depositing the Funded Unpaid Company
Closing Cost Amount with the Company, on the Closing Date Parent shall deposit
with the Company an amount equal to the Closing Transaction Bonus Payout
Amount, which amount was deducted in the Company&#146;s calculation of the Estimated
Merger Consideration pursuant to Section 3.01(ix) and which shall be utilized
by the Company or the Surviving Corporation, to pay the Closing Transaction
Bonus Payout Amount to employees of the Company.&#148;;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Amendment to Section
3.02(a) of the Merger Agreement.</i>&#160;
Section 3.02(a) of the Merger Agreement is hereby amended and restated
in its entirety as follows:</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<u>Estimated Net Working
Capital</u>.&#160; The Company shall,
concurrently with the delivery to Parent and Merger Sub of its calculations of
the Estimated Merger Consideration and Estimated Per Share Merger
Consideration, cause to be prepared and delivered to Parent and Merger Sub a
statement setting forth the estimated calculation of the Net Working Capital
(as defined below) (the &#147;<u>Estimated Net Working Capital</u>&#148;) as of the close
of business on the Closing Date.&#160; &#147;<u>Net
Working Capital</u>&#148; shall mean the current assets less the current liabilities
of the Company and the Company Subsidiaries, all as determined in accordance
with GAAP applied in a manner consistent with the Company Balance Sheet; <u>provided</u>
that, in determining Net Working Capital, the following shall be excluded: (i)
the current portion of any Indebtedness; (ii) Company Closing Costs to the
extent a deduct in calculating the Merger Consideration pursuant to Section
3.01(x) and (iii) the Closing Transaction Bonus Payout Amount; and <u>provided
further</u>, that notwithstanding anything herein to the contrary, if any
portion of the Funded Unpaid Company Closing Cost Amount and/or the Closing
Transaction Bonus Payout Amount funded by Parent is not used to satisfy Company
Closing Costs or the Closing Transaction Bonus Payment Amount, as applicable,
on the Closing Date, such unused portion of the Funded Unpaid Company Closing
Cost Amount and/or Closing Transaction Bonus Payout Amount shall not be deemed
a current asset for any calculation of Net Working Capital hereunder.&#148;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Amendment to Section
3.02(b) of the Merger Agreement</i>.&#160;
The first three sentences of Section 3.02(b) of the Merger Agreement are
hereby amended and restated as follows:</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Within forty-five
(45)&nbsp;days following the Closing Date, Parent shall deliver to the
Stockholders Representative and the Escrow Agent a consolidated balance sheet
of the Company and the Company Subsidiaries as of the close of business on the
Closing Date prepared in accordance with GAAP applied on a basis consistent
with the Company Balance Sheet and shall reflect a pro rata portion of all
known adjustments which would be required in a year-end closing of the books of
the Company and the Company Subsidiaries but shall not give effect to any
changes in accruals (including tax accruals with respect to the exercise or
cancellation of Company Stock Options between January 1, 2006 and the Effective Time)&nbsp;for any items
resulting from the transactions contemplated hereby (the &#147;<u>Actual Balance
Sheet</u>&#148;).&#160; The Actual Balance Sheet
shall be accompanied by a statement, certified by the Chief Financial Officer
of the Surviving Corporation (the &#147;<u>Working Capital Statement</u>&#148;), that
sets forth in reasonable detail the Actual Net Working Capital, the Working
Capital Adjustment Amount, and the final calculation of the Merger
Consideration.&#160; The &#147;<u>Actual Net
Working Capital</u>&#148; shall mean the Net </font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='4',FILE='C:\fc\32144420922_D11086_1663942\3288-1-kk.htm',USER='jmsproofassembler',CD='Feb  1 14:44 2007' -->
<br clear="all" style="page-break-before:always;">



<p style="margin:0pt 0pt 12.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Working Capital of the Company and the Company
Subsidiaries as of the close of business on the Closing Date.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Amendment to Section 6.07(c) of the Merger
Agreement.&#160; </i>The first sentence
of Section 6.07(c) of the Merger Agreement is hereby amended and restated as
follows:</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;At or prior to the
Effective Time, the Company shall obtain &#147;tail&#148; or &#147;runoff&#148; insurance policies
with a claims period of at least six years from the Effective Time with respect
to directors&#146; and officers&#146; liability insurance, in either case in an amount
and scope at least as favorable as the Company&#146;s existing policies from an
insurance carrier with the same or better credit rating as the Company&#146;s current
insurance carrier for the Covered Parties; <u>provided</u> that any costs
incurred by the Company in connection with obtaining such insurance, to the
extent not in excess 300% of the current annual premium paid by the Company for
its existing coverage in the aggregate, shall be deemed to be a Special Cost.&#148;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Amendment to Section
6.17(a) of the Merger Agreement.</i>&#160;
Section 6.17(a) of the Merger Agreement is hereby amended by adding the
following sentence at the end thereof:&#160; &#147;For
the avoidance of doubt, it is understood and agreed among the parties that
except with respect to&#160; form(s)
(reasonably acceptable to the Company) of estoppel certificate provided to the
Company by Parent in respect of particular leases identified by Parent prior to
Closing (or Parent providing written instruction to the Company to use a
general form and indicating the particular leases and landlords from or with
respect to which the Company should seek an estoppel certificate), the Company
shall be under no obligation to request estoppel certificates from the lessor
of the property underlying any lease.&#148;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Amendment to
Schedules to the Merger Agreement.</i></font></p>

<h3 style="font-weight:normal;margin:0pt 0pt 12.0pt 36.0pt;page-break-after:auto;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Schedule 4.06 of the
Merger Agreement is hereby amended and restated in its entirety as set forth on
<u>Annex A</u> hereto.</font></h3>

<h3 style="font-weight:normal;margin:0pt 0pt 12.0pt 36.0pt;page-break-after:auto;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Schedule 4.05 of the
Merger Agreement is hereby amended by deleting the words &#147;Schedule 4.06 (Cont&#146;d)
Approvals&#148; at the top of such Schedule.</font></h3>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Consent to Certain
Actions.</i>&#160; Pursuant to Section
6.01 of the Merger Agreement, Parent hereby agrees that the payment of certain
additional fees to Oak Hill Capital Management, Inc. and Olympus Growth Fund
III, L.P. as Company Closing Costs and the forgiveness of certain indebtedness
of management stockholders in connection with the Merger as described in the
Unanimous Written Consent of the Board of Directors of the Company dated as of
January 30, 2007, a counterpart of which is attached hereto as <u>Annex B</u>
will not constitute a breach of any representation or covenant of the Company
under the Merger Agreement.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Closing.</i>&#160; Pursuant to Section 8.01 of the Merger
Agreement, Parent and the Company mutually agree that the Closing shall take
place at the offices of Sullivan &amp; Worcester LLP, One Post Office Square,
Boston, Massachusetts on January 31, 2007; provided that if for any reason the
Closing does not occur on such date, the Merger Agreement shall remain in full
force and effect in accordance with its terms, including without limitation,
Section 8.01(b), provided the notice required in Section 8.01(b)(B) may be
given on February 1, 2007.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='5',FILE='C:\fc\32144420922_D11086_1663942\3288-1-kk.htm',USER='jmsproofassembler',CD='Feb  1 14:44 2007' -->
<br clear="all" style="page-break-before:always;">



<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Interpretation.</i>&#160; The term &#147;Agreement&#148; as used in the Merger
Agreement shall be deemed to refer to the Merger Agreement as amended hereby.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Effectiveness</i>.&#160;&#160; This Amendment shall be deemed effective as
of the date first written above.&#160; Except
as expressly amended herein, all other terms and conditions of the Merger
Agreement shall remain in full force and effect and are hereby ratified and
confirmed.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Governing
Law</i>. This Amendment shall be deemed a contract made under the laws
of the State of Delaware, and for all purposes of this Amendment shall be
governed by and construed in accordance with the laws of such State applicable
to contracts made and to be performed entirely within such State.&#160; This Amendment shall be binding upon the
successors and permitted assigns of the Parties.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Counterparts.</i>&#160; This Amendment may be executed in any number
of counterparts, each of which shall be an original and all of which shall
constitute one and the same document.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Nonliability
of Trustees.</i>&#160; THE DECLARATION
OF TRUST ESTABLISHING PARENT, A COPY OF WHICH, TOGETHER WITH ALL AMENDMENTS
THERETO (THE &#147;<u>DECLARATION</u>&#148;), IS DULY FILED WITH THE DEPARTMENT OF
ASSESSMENTS AND TAXATION OF THE STATE OF MARYLAND, PROVIDES THAT THE NAME &#147;HOSPITALITY PROPERTIES TRUST&#148; REFERS
TO THE TRUSTEES UNDER THE DECLARATION COLLECTIVELY AS TRUSTEES, BUT NOT
INDIVIDUALLY OR PERSONALLY, AND THAT NO TRUSTEE OFFICER, SHAREHOLDER, EMPLOYEE
OR AGENT OF THE PARENT SHALL BE HELD TO ANY PERSONAL LIABILITY, JOINTLY OR
SEVERALLY, FOR ANY OBLIGATION OF, OR CLAIM AGAINST, THE PARENT.&#160; ALL PERSONS DEALING WITH THE PARENT, IN ANY
WAY, SHALL LOOK ONLY TO THE ASSETS OF PARENT FOR THE PAYMENT OF ANY SUM OR THE
PERFORMANCE OF ANY OBLIGATION.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:72.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS WHEREOF, the parties have caused this
Amendment to be duly executed as of the day and year first above written.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:50.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TRAVELCENTERS OF AMERICA, INC.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="45%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;/s/ Timothy
  L. Doane</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name: Timothy L. Doane</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title: President and CEO</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:50.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">HOSPITALITY PROPERTIES TRUST</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="45%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ John G. Murray</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name: John G. Murray</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title: President</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:50.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">HPT TA MERGER SUB INC.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="45%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ John G. Murray</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name: John G. Murray</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title: President</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:50.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SOLELY IN ITS CAPACITY AS &#147;STOCKHOLDERS
  REPRESENTATIVE&#148; FOR PURPOSES OF SECTIONS 3.02, 3.03, 3.04, 9.04, 9.08 AND
  9.09 OF THE MERGER AGREEMENT:</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:50.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OAK HILL CAPITAL PARTNERS, L.P.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OHCP GenPar, L.P., its General Partner</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OHCP MGP, LLC, its General Partner</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="45%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Kevin G. Levy</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name: Kevin G. Levy</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.5%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title: Vice President</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt 12.0pt 235.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='6',FILE='C:\fc\32144420922_D11086_1663942\3288-1-kk.htm',USER='jmsproofassembler',CD='Feb  1 14:44 2007' -->



<br clear="all" style="page-break-before:always;">

<div>


<p align="right" style="margin:0pt 0pt 12.0pt 235.35pt;text-align:right;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ANNEX A</font></u></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Schedule&nbsp;4.06</font></u></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approvals</font></u></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[The Schedule to this amendment has been omitted and
will be supplementally furnished to the Securities and Exchange Commission upon
request.]</font></p>



</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\33145349188_D11089_1668621\3288-1-km.htm',USER='jmsproofassembler',CD='Feb  2 14:54 2007' -->


</body>

</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
