Latest News

May 16, 2023
SVC Received $379.3 Million in Cash Minimum Annual Cash Rents for 176 Travel Centers Set at $254 Million with 2% Annual Increases Amended Leases Guaranteed by BP Corporation North America Inc. (A3 / A- Ratings) Service Properties Trust (Nasdaq: SVC) announced today that BP p.l.c. (NYSE: BP) completed its acquisition of TravelCenters of America Inc. on May 15, 2023, and the previously announced amended lease terms between SVC and BP are now in effect. SVC received $379.3 million in cash as part of the transaction, including $188.0 million in prepaid rent from BP, $101.9 million in merger consideration for the 7.8% of the outstanding TA shares owned by SVC, and $89.4 million for certain tradenames and trademarks associated with TA’s business previously owned by SVC. Annual minimum cash rents under the amended leases are $254.0 million, with annual 2% increases throughout the initial 10-year term and the five 10-year extension options. BP will receive monthly rent credits totaling $25.0...
May 8, 2023
Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended March 31, 2023 which can be found at the Quarterly Results section of SVC’s website at https://www.svcreit.com/investors/financial-information/default.aspx . A conference call will be held on Tuesday, May 9, 2023 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. A replay of the conference call will be available for one week by dialing (412) 317-0088; the replay pass code is 2049718. A live audio webcast of the conference call will also be available in a listen-only mode on SVC’s website, www.svcreit.com . The archived webcast will be available for replay on SVC’s website after the call. The transcription, recording and retransmission in any way of SVC’s first quarter conference call is strictly...
April 26, 2023
Service Properties Trust (Nasdaq: SVC) today announced that it has rescheduled the release of its first quarter 2023 financial results, previously scheduled for Tuesday, May 9, 2023, to after the Nasdaq close on Monday, May 8, 2023. It will now host a conference call on Tuesday, May 9, 2023 at 10:00 a.m. Eastern Time, with President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer Brian Donley discussing first quarter results. The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through Tuesday, May 16, 2023. To hear the replay, dial (412) 317-0088. The replay pass code is 2049718. A live audio webcast of the conference call will also be available in a listen-only mode...

Recent Events

05/09/2023 10:00 AM EST

Dial-in Numbers:
U.S./Canada: (877) 329-3720
International: (412) 317-5434
No pass code required.
Call replay available until May 16, 2023 at 1-412-317-0088; pass code: 2049718

 

Investor Presentation

Stock Quote

Stock Quote: NASDAQ

Price 8.24

Change +0.21

Volume 670,809

% Change +2.62%

Intraday High 8.25

52 Week High 11.57

Intraday Low 8.02

52 Week Low 4.65

Today's Open 8.03

Previous Close 8.03

05/26/2023 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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