Latest News

November 19, 2020
Service Properties Trust (Nasdaq:SVC) today announced that it has completed the previously announced sale of eight TownePlace Suites branded hotels with 834 rooms and a net carrying value of $35.0 million for an aggregate sales price of $45.3 million, excluding closing costs. The proceeds from the sale will be used for the repayment of debt. John Murray , President and Chief Executive Officer of SVC, made the following statement: “Given current market conditions, we are pleased to complete the sale of this hotel portfolio, which we had identified for disposition in late 2019. We were successful in achieving pricing consistent with pre-pandemic valuations, demonstrating extended stay lodging’s outperformance versus other hospitality segments, both operationally and in terms of asset value retention during the pandemic.” 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...
November 17, 2020
Service Properties Trust (Nasdaq: SVC) , or SVC, today announced that it has priced an underwritten public offering of $450 million aggregate principal amount of 5.50% unsecured senior notes due 2027 guaranteed by certain of SVC’s subsidiaries. The settlement of this offering is expected to occur on November 20, 2020, subject to the satisfaction of customary closing conditions. SVC expects to use the net proceeds from this offering to repay amounts outstanding under its revolving credit facility. The joint book-running managers for this offering were BofA Securities, Inc., RBC Capital Markets, LLC, Wells Fargo Securities, LLC, BMO Capital Markets Corp., Citigroup Global Markets Inc. and PNC Capital Markets LLC. The joint lead managers for this offering were Mizuho Securities USA LLC, Regions Securities LLC, SMBC Nikko Securities America, Inc. and U.S. Bancorp Investments, Inc. The co-managers for this offering were Barclays Capital Inc., FHN Financial Securities Corp., Morgan Stanley...
November 12, 2020
Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Executive Officer John Murray , Chief Financial Officer Brian Donley and Chief Investment Officer Todd Hargreaves will be presenting at Nareit’s REITworld: 2020 Virtual Investor Conference on Wednesday, November 18, 2020 at 9:30 a.m. Eastern Time. To access the Company’s live presentation, please complete the complimentary registration for the conference at the following link: Nareit’s REITworld Registration . An on-demand recording will be available in the REITworld virtual environment for the remainder of the conference. 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 149 distinct brands across 23 industries. SVC’s properties are primarily operated under long-term management or lease agreements. SVC is managed by the...

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11/09/2020 10:00 AM EST
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Stock Quote

Stock Quote: NASDAQ

Price 12.16

Change +0.62

Volume 1,280,307

% Change +5.37%

Intraday High 12.48

52 Week High 24.47

Intraday Low 11.75

52 Week Low 3.59

Today's Open 11.84

Previous Close 11.54

11/23/2020 04:00 PM Delayed 20 minutes
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Contacts

Investor Relations Email: IR@svcreit.com Phone: 617-796-8232

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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