other_material
confidence high
sentiment neutral
materiality 0.50
SVC sells two hotels for $25M as part of 113-hotel disposition plan; 104 hotels remain under agreement for $824.4M
Service Properties Trust
- On Sept 16, 2025, SVC sold two hotels (318 keys) for $25.0M, excluding closing costs.
- Total disposition: 113 hotels for $913.3M; to date 9 hotels sold for $88.9M.
- Remaining 104 hotels (13,490 keys) under agreement for $824.4M; sales expected by end of 2025.
- Proceeds from sales will be used to repay debt, including revolver borrowings.
item 2.01