CORRECTING and REPLACING Service Properties Trust Announces Annual Meeting Results and Officer Promotion

June 10, 2020

NEWTON, Mass.--(BUSINESS WIRE)--Sixth paragraph of release should read: Shareholders ratified the appointment of Ernst & Young LLP as SVC’s independent auditors for the 2020 fiscal year:

The corrected release reads:

SERVICE PROPERTIES TRUST ANNOUNCES ANNUAL MEETING RESULTS AND OFFICER PROMOTION

Service Properties Trust (Nasdaq: SVC) today announced the results of its 2020 Annual Meeting of Shareholders, which was held earlier today, as follows.

John L. Harrington was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Independent Trustee is as follows:

Independent Trustee		Percentage of Shares Voted For
John L. Harrington		69.6%

John G. Murray was re-elected as Managing Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Managing Trustee as follows:

Managing Trustee		Percentage of Shares Voted For
John G. Murray		96.2%

Shareholders approved an amendment to the Company’s Declaration of Trust to provide for the annual election of all trustees beginning in 2023:

Amendment		Percentage of Shares Outstanding Voted For
Amended Company’s Declaration of Trust		73.2%

Shareholders voted to approve executive compensation by means of an advisory vote:

Proposal		Percentage of Shares Voted For
Approval of Executive Compensation		88.1%

Shareholders ratified the appointment of Ernst & Young LLP as SVC’s independent auditors for the 2020 fiscal year:

Proposal		Percentage of Shares Voted For
Ratification of Independent Auditors		97.8%

In addition, the Board of Trustees promoted Todd Hargreaves, the company's Vice President to the offices of Vice President and Chief Investment Officer. Mr. Hargreaves is also the Vice President of The RMR Group LLC and is responsible for all hospitality, office, industrial and net lease acquisitions. Prior to joining RMR in 2010, Mr. Hargreaves worked at AIG Investments, where he was responsible for life insurance and CMBS loan origination.

About Service Properties Trust:
Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 148 distinct brands across 23 industries. SVC’s properties are operated under long term management or lease agreements. SVC is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

Contacts

Kristin Brown, Director, Investor Relations
(617) 796-8251
https://www.svcreit.com

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Cautionary Language

The information appearing on SVC’s website includes statements which constitute forward looking statements. These forward looking statements are based upon SVC’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. SVC’s actual results may differ materially from those contained in SVC’s forward looking statements. The information contained in SVC’s filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in SVC’s periodic reports and other filings, identifies important factors that could cause SVC’s actual results to differ materially from those stated in SVC’s forward looking statements. SVC’s filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on SVC’s website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements.

The documents provided in this archived section are provided for historical purposes only. The information contained in each document is accurate only as of the date each document was originally issued or such earlier date stated in those documents. Except as required by law, Service Properties Trust does not undertake any obligation to update any information contained in these documents. For current information about the company, please refer to our most recent public SEC Filings.