secwatch.observer — SEC 8-K summary
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Issuer:     Service Properties Trust (SVC)
CIK:        0000945394
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0000945394-25-000080
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01, 2.0
LLM model:  deepseek-v4-flash:cloud@v2

SVC completes sale of 10 hotels for $71.1M; 33 of 113 hotels sold to date
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945394/000094539425000080/0000945394-25-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945394/000094539425000080/svc-20250925.htm
  HTML page:      https://secwatch.observer/filing/0000945394-25-000080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer