SVC sells 11 hotels for $46.8M on Sep 18; 20 sold YTD for $135.7M amid larger $913.3M portfolio sale

Service Properties Trust

First Significant Disposition: 3 hotels (413 keys) sold for $26.5M; Second Significant Disposition: 8 hotels (1,041 keys) sold for $20.3M.
Proceeds used to repay revolving credit facility debt; 93 hotels with 12,036 keys remain under agreement for $777.6M, expected close by end-2025.
Exhibit 99.1 shows estimated net proceeds of $69.3M from 8 hotels (18 Hotel Portfolio) with a $19.7M gain; Exhibit 99.2 shows $16.9M net proceeds from 8 hotels (15 Hotel Portfolio) with a $28.7M loss.
Pro forma adjustments reduce hotel operating revenues by $34.8M (2024) and $17.3M (H1 2025) for the 15 Hotel Portfolio sales.
To date, 20 hotels (2,767 keys) sold for $135.7M, excluding closing costs.

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