secwatch.observer — SEC 8-K summary
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Issuer:     Service Properties Trust (SVC)
CIK:        0000945394
Form:       8-K
Filed at:   2025-09-24T23:59:59+00:00
Accession:  0000945394-25-000072
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945394/000094539425000072/0000945394-25-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945394/000094539425000072/svc-20250918.htm
  HTML page:      https://secwatch.observer/filing/0000945394-25-000072

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