---
schema_version: "secwatch.filing_event.v1"
accession: "0000945394-23-000013"
form_type: "8-K"
ticker: "SVC"
cik: "0000945394"
company_name: "Service Properties Trust"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T23:10:31.127873+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SVC Q4 net loss $(0.19)/share; Normalized FFO $0.44 (+162% YoY); $610M ABS financing; BP/TA lease amendment

## Summary
- Net loss per share $(0.19) vs $(1.21) prior year; Normalized FFO per share $0.44 vs $0.17 (+162%).
- Comparable hotel RevPAR +21.4% YoY; hotel EBITDA +98.3% to $55.0M; occupancy +3.3 pts to 58.7%.
- Completed $610.2M ABS facility (5.60% weighted avg coupon, 5-year) to redeem $500M 4.50% Senior Notes due 2023.
- Agreed to amend TA leases with BP: annual min rent $254M, 2% annual increases, $188M prepaid rent; SVC expects $379.3M total cash from TA shares, tradenames, prepaid rent.
- Sold 8 hotels in Jan-Feb 2023; under agreement to sell 9 remaining Marriott hotels for $88.5M.

## SEC filing metadata
- accession: 0000945394-23-000013
- form_type: 8-K
- ticker: SVC
- cik: 0000945394
- company_name: Service Properties Trust
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945394/000094539423000013/0000945394-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945394/000094539423000013/svc-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000945394-23-000013
- JSON: https://secwatch.observer/filing/0000945394-23-000013.json
- Plain text: https://secwatch.observer/filing/0000945394-23-000013.txt

## Key facts
- Earnings Releases
  Service Properties Trust reported financial results for quarter and year ended December 31, 2022.
  - Period: quarter and year ended December 31, 2022
  - Result: reported results
  source text: On February 28, 2023, Service Properties Trust, or the Company, issued a press release regarding the Company’s results of operations and financial condition for the quarter and year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/945394/000094539423000013/0000945394-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.