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Industry Diversification

Diversified Across Industries and Economic Drivers1

SVC's portfolio spans 22 industries, reducing dependence on the performance of any single business sector. SVC's net lease investments include travel centers, quick-service restaurants, casual dining, grocery stores, health and fitness facilities, automotive services, medical offices and entertainment venues. Combined with our strategic lodging portfolio, this diversification enhances portfolio resilience and supports more stable cash flow generation. By maintaining exposure to a broad range of industries and consumer needs, SVC is better positioned to navigate changing market conditions.
No. Industry No. of Properties Rooms/Square Footage Investment % of Total Investment
01 Hotels 93 21,110 $4,654,831 47.9%
02 Travel Centers 178 5,099,794 $3,311,787 34.1%
03 Restaurants - Quick Service 211 653,991 $297,129 3.1%
04 Restaurants - Casual Dining 58 499,135 $207,505 2.1%
05 Health and Fitness 15 969,041 $204,048 2.1%
06 Movie Theaters 14 747,904 $134,514 1.4%
07 Grocery Stores 19 1,020,819 $129,152 1.3%
08 Automotive Equipment and Services 65 466,692 $109,145 1.1%
09 Home Goods and Leisure 14 542,6669 $98,242 1.0%
10 Medical, Dental Office 55 283,307 $80,117 0.8%
11 Automotive Dealers 8 177,433 $62,656 0.6%
12 General Merchandise Stores 4 381,193 $56,570 0.6%
13 Entertainment 3 164,113 $51,473 0.5%
14 Educational Services 5 137,412 $39,921 0.4%
15 Car Washes 7 55,951 $36,125 0.4%
16 Building Materials 30 488,885 $35,554 0.4%
17 Sporting Goods 4 184,255 $29,386 0.3%
18 Miscellaneous Manufacturing 5 538,932 $24,355 0.3%
19 Dollar Stores 7 72,052 $10,253 0.1%
20 Drug Stores and Pharmacies 3 32,036 $9,699 0.1%
21 Legal Services 3 17,029 $7,609 0.1%
22 Other 12 288,006 $68,532 0.6%
23 Vacant 25 732,863 $65,901 0.7%
Total 838 21,110 / 13,553,509 $9,724,504 100%

1 As of June 30, 2026 (dollars in thousands, except per room or suite data).