Hotel & Retail Focused Net Lease Real Estate

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July 23, 2020
IHG Failed to Pay Owner’s Priority Return for July Termination Date Set at November 30, 2020 IHG Has 30 Days to Avoid Termination Service Properties Trust (Nasdaq: SVC) , or SVC, today sent a notice of event of default and termination to InterContinental Hotels Group plc (NYSE: IHG), or IHG, as a result of IHG’s failure to pay SVC approximately $8.4 million of required priority return for the month of July 2020. IHG has 30 days, or until Monday, August 24, 2020, to make the payment plus accrued interest to avoid termination of its operating agreements with SVC. The effective date of the termination set in the notice is November 30, 2020. IHG’s priority return payment of approximately $17.4 million is also due on August 1, 2020 and failure to pay such amounts will be an additional event of default, which would increase the amount IHG is required to pay to avoid termination. SVC’s agreements with IHG covering 103 hotels (three InterContinental®, five Kimpton® Hotels & Restaurants,...
July 16, 2020
Service Properties Trust (Nasdaq:SVC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to SVC’s common shareholders of record as of the close of business on July 27, 2020 and distributed on or about August 20, 2020. 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 185 distinct brands across 24 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. WARNING REGARDING FORWARD-LOOKING STATEMENTS This press release contains forward looking statements within the meaning of the Private Securities Litigation...

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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