Latest News

January 19, 2021
Service Properties Trust (Nasdaq: SVC) today announced that the characterization of dividends for 2020 income tax reporting purposes is as follows: Common Shares Dividend Allocation Per Share Section Total Unrecaptured Declaration Record Paid/Payable Dividends Ordinary 199A Qualified Capital Section 1250 Return of Dates Dates Dates Per Share...
January 14, 2021
Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to SVC’s common shareholders of record as of the close of business on January 25, 2021 and distributed on or about February 18, 2021. Service Properties Trust is a real estate investment trust 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. SVC is managed by the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR) , an alternative asset management company that is headquartered in Newton, Massachusetts. WARNING REGARDING FORWARD-LOOKING STATEMENTS This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon SVC’s present...
January 12, 2021
Hyatt’s Guaranty Is Now Fully Utilized Service Properties Trust (Nasdaq: SVC) , or SVC, today announced that it has received a notice of termination from a subsidiary of Hyatt Hotels Corporation, or Hyatt, with respect to the management agreement for 22 Hyatt Place hotels owned by subsidiaries of SVC. Hyatt’s obligations under the management agreement, which requires minimum returns of $22.0 million annually, is supported by a $50.0 million limited guaranty. While Hyatt is current on its payments to SVC at this time, it recently exhausted this $50.0 million guaranty and under the terms of the management agreement, Hyatt may terminate the agreement upon 90 days’ notice once the guaranty has been fully utilized. The effective date of the termination pursuant to Hyatt’s notice is April 8, 2021. SVC and Hyatt are currently in discussions regarding possible changes to the management agreement which may enable some or all of the hotels to remain Hyatt Place hotels managed by Hyatt. However,...

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

Stock Quote: NASDAQ

Price 10.83

Change -0.22

Volume 453,663

% Change -1.95%

Intraday High 11.00

52 Week High 23.38

Intraday Low 10.61

52 Week Low 3.59

Today's Open 10.90

Previous Close 11.05

01/22/2021 12:59 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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