Latest News

December 30, 2020
Enters Short-Term Lease for Five Additional Hotels Until Expected Sale in Mid-2021 for $22.3 Million Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has completed the previously announced sale of ten Hawthorn Suites branded hotels with 1,212 rooms and a net carrying value of $30.4 million for an aggregate sales price of $41.0 million, excluding closing costs. The proceeds from the sale will be used for the repayment of debt. SVC also entered a short-term lease and revised purchase agreement for its five remaining Hawthorn Suites branded hotels with the same buyer. SVC has agreed to sell these five hotels with 430 rooms and a net carrying value of $10.7 million for $22.3 million and expects to complete the sale of these hotels by the end of the second quarter of 2021. John Murray , President and Chief Executive Officer of SVC, made the following statement regarding today’s announcement: “We are pleased to have reached this restructured agreement for the sale and...
December 16, 2020
Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has completed the previously announced transition of branding and management for 12 hotels to Sonesta International Hotels Corporation, or Sonesta. This includes three hotels from InterContinental Hotels Group, plc, or IHG, located in Canada and Puerto Rico and nine hotels from Marriott International, Inc., or MAR. SVC entered short term agreements with Sonesta to manage these 12 hotels that expire on December 31, 2021. The three hotels transitioned from IHG are now operated under the Royal Sonesta and Sonesta ES Suites brands. The nine hotels transitioned from MAR are now operated under the recently launched Sonesta Select brand, a new, upscale select-service hotel concept. John Murray , President and Chief Executive Officer of SVC, made the following statement regarding today’s announcement: “We are excited about the launch of the Sonesta Select brand and the transitioning of 12 additional hotels to Sonesta,...
December 2, 2020
Three Additional Hotels Will Convert in Mid-December Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has completed the transition of branding and management for 99 hotels to subsidiaries of Sonesta International Hotels Corporation, or Sonesta, from InterContinental Hotels Group plc, or IHG. Three additional hotels located in Canada and Puerto Rico will transition to Sonesta in mid-December and one hotel located in Atlanta, GA will continue to be managed by IHG. SVC entered short term agreements with Sonesta to manage the 99 hotels that expire on December 31, 2021. These 99 hotels are now operated under the Royal Sonesta, Sonesta and Sonesta ES Suites brands. Sonesta has also launched Sonesta Simply Suites, a new extended-stay hotel concept with 61 initial locations, making it one of the largest U.S. hotel brand launches in history. The three hotels scheduled to be transitioned to Sonesta in mid-December will enter similar management agreements with Sonesta and...

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Price 11.75

Change +0.45

Volume 543,801

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52 Week High 15.39

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09/27/2021 02:36 PM Delayed 20 minutes
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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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