other material
confidence high
sentiment neutral
materiality 0.60
Service Properties Trust (SVC): M&A transaction — SVC completes sale of 10 hotels for $71.1M; 33 of 113 hotels sold to date
Service Properties Trust
- Sold 10 hotels (1,525 keys) across six states for $71.1M on Sept 25, 2025, completing the 18-hotel portfolio sale.
- Total 33 hotels sold for $229.3M; 80 hotels remain under agreement for $684.0M, expected to close by end of 2025.
- Proceeds from sales will be used to repay debt.
- Second Phase Closing resulted in an estimated net gain of $19.7M for first phase and $3.9M loss for second phase.
- Pro forma financials filed reflecting disposition of all 18 hotels as if completed on June 30, 2025.