{"schema_version":"secwatch.filing_event.v1","accession":"0000945394-25-000072","form_type":"8-K","ticker":"SVC","cik":"0000945394","company_name":"Service Properties Trust","filed_at":"2025-09-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.750168+00:00","generated_at":"2026-05-17T05:51:17.003279+00:00","sec_items":["2.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SVC sells 11 hotels for $46.8M on Sep 18; 20 sold YTD for $135.7M amid larger $913.3M portfolio sale","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000945394-25-000072","json":"https://secwatch.observer/filing/0000945394-25-000072.json","markdown":"https://secwatch.observer/filing/0000945394-25-000072.md","text":"https://secwatch.observer/filing/0000945394-25-000072.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/945394/000094539425000072/0000945394-25-000072-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/945394/000094539425000072/svc-20250918.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:51:17.003279+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"de6698d01ea17ef04cf89aa7efbc2ae241b47b16","claim":"Service Properties Trust completed a disposition for aggregate sales price of $26.5 million, excluding closing costs, and $20.3 million, excluding closing costs (closed 2025-09-18).","evidence_excerpt":"On September 18, 2025, SVC sold three hotels with a total of 413 keys located in three states for a combined sales price of $26.5 million, excluding closing costs, or the First Significant Disposition, pursuant to one of the agreements that SVC previously entered into to sell 113 hotels with a total of 14,803 keys for a combined sales price of $913.3 million, excluding closing costs, or the Sale Hotels.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/945394/000094539425000072/0000945394-25-000072-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Consideration","value":"aggregate sales price of $26.5 million, excluding closing costs, and $20.3 million, excluding closing costs"},{"label":"Closing","value":"2025-09-18"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}