Hotel & Retail Focused Net Lease Real Estate

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August 25, 2020
Rebranding Hotels to Sonesta Expected to Improve SVC Operating Results IHG Failed to Pay Owner’s Priority Returns to SVC for July and August Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it will transfer the branding and management of 103 hotels to Sonesta International Hotels Corporation, or Sonesta, from InterContinental Hotels Group plc (NYSE: IHG), or IHG. As previously announced, SVC sent notices of termination to IHG for failure to pay SVC’s minimum returns and rents due for July and August 2020 totaling $26.4 million, plus accrued interest, and IHG had until August 24, 2020 to avoid termination by making payment to SVC. SVC did not receive any payment from IHG by August 24, 2020, nor does SVC expect to receive any payments from IHG in the future, and the management agreements with IHG will be terminated. The effective date of the termination is November 30, 2020, which is the same date that SVC currently plans to transfer the branding and management of...
August 7, 2020
Second Quarter Net Loss of $0.23 Per Common Share Second Quarter Normalized FFO of $0.48 Per Common Share Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter and six months ended June 30, 2020: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 ($ in thousands, except per share data) Net income (loss) $ (37,349 ) $ 8,782 $ (70,999 ) $ 234,569 Net income (loss) per common share $ (0.23 ) $ 0.05 $ (0.43 ) $ 1.43 Adjusted EBITDA re (1) $ 152,166 $ 218,972 $ 347,303 $ 414,873 Normalized FFO (1) $ 78,158 $...

Hotel Brands

candlewood Suites logo Country Inn and Suites logo Courtyard logo Crowne Plaza logo hawthorn Suites By Wyndham logo holiday Inn Hotel sand Resorts logo hyatt Place logo intercontinental hotels resorts logo kimpton logo marriott Hotels and Resorts logo park Plaza Hotel and Resorts logo radisson Hotels and Resorts logo Residence Inn Marriott logo royal Sonesta Hotel logo sonesta Collection Hotels Resorts Suites logo sonesta ESSuites logo Spring Hill Suites logo Staybridge logo Towne Place Suites Marriott logo wyndham Hotels and resorts logo

Representative Net Lease Retail Brands

petro Stopping Centers logo travel Centers of America logo Heartland Dental logo Pizza Hut logo Churchs Chicken logo Uncle Ed's Oil Shoppe logo Express Oil Change logo Popeyes logo Burger King logo Hardees logo Arbys logo

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.

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