Hotel & Retail Focused Net Lease Real Estate

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February 26, 2021
Completes the Sale of 24 Properties Raising $104.3 Million During the Fourth Quarter Rebranded 112 Hotels to Sonesta During the Fourth Quarter Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended December 31, 2020. John Murray , President and Chief Executive Officer of SVC, made the following statement: “Our fourth quarter operating results reflect the continuing impact of the COVID-19 pandemic on the overall lodging industry, as well as changes specific to the SVC hotel portfolio. We successfully transitioned 112 hotels to Sonesta brands and management during the quarter, as well as 78 additional hotels so far in 2021. Although this transition is accompanied by short-term disruption reflected in our fourth quarter results, we believe that the rebranding will benefit SVC in the long term by creating more flexibility with respect to capital investments, possibly repurposing hotels to other uses, or sales. SVC also benefits from its 34%...
February 12, 2021
Ten Additional Hotels Will Convert by the End of March Service Properties Trust (Nasdaq: SVC) , or SVC, today announced that it has completed the transition of branding and management for 78 hotels to subsidiaries of Sonesta International Hotels Corporation, or Sonesta, from Marriott International, Inc., or MAR. Ten additional hotels are expected to transition to Sonesta by the end of March. SVC entered short-term management agreements with Sonesta to manage the 78 hotels on terms substantially consistent with its legacy management agreements with Sonesta that expire on December 31, 2021. SVC will enter similar management agreements with Sonesta for the ten hotels scheduled to be transitioned to Sonesta by the end of March. These 88 hotels include one Royal Sonesta hotel, two Sonesta hotels, 32 Sonesta ES Suites, four Sonesta Simply Suites and 49 Sonesta Select brands. John Murray , President and Chief Executive Officer of SVC, made the following statement regarding today’s...

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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