Hotel & Retail Focused Net Lease Real Estate

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May 23, 2022
Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer and Treasurer Brian Donley will be participating in meetings with investors at the 22nd Annual B. Riley Securities Institutional Investor Conference in Los Angeles, CA on Wednesday, May 25th, 2022. For additional information or to schedule a one-on-one meeting with SVC management, please contact your B. Riley Securities representative. About Service Properties Trust Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with more than $12 billion invested in two asset categories: hotels and service-focused retail net lease properties. SVC owns 298 hotels with over 47,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service. SVC also owns nearly 800 retail service focused net lease properties totaling over 13.5 million square feet throughout...
May 23, 2022
Brings Total to 42 Hotels Sold for Aggregate Proceeds of Nearly $400 Million 22 Additional Hotels Under Purchase and Sale Agreements Expected to Close in the Second Quarter Service Properties Trust (Nasdaq: SVC) today announced progress on its previously announced plan to sell 68 Sonesta branded hotels. To date, 42 hotels totaling 6,348 keys have been sold for aggregate proceeds of $397.6 million. An additional 22 hotels totaling 1,781 keys are under purchase and sale agreements for an aggregate sales price of $141.0 million. SVC continues to market four additional hotels for sale. SVC currently expects the majority of the 22 hotels under purchase and sale agreements to close in the second quarter of 2022. Todd Hargreaves, President and Chief Investment Officer of SVC, made the following statement: “The hotels we are selling are non-core to SVC. We expect that upon completion of this disposition initiative, SVC will have a higher quality lodging portfolio and enhanced liquidity.”...

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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 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.