{"schema_version":"secwatch.filing_event.v1","accession":"0000945394-25-000087","form_type":"8-K","ticker":"SVC","cik":"0000945394","company_name":"Service Properties Trust","filed_at":"2025-10-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.688568+00:00","generated_at":"2026-05-17T03:10:32.445137+00:00","sec_items":["2.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SVC sells two hotels for $10M; cumulative 40 hotels sold for $289.3M in $913.3M disposition plan","bullets":["Two hotels (235 keys) sold Oct 15, 2025 for $10M; estimated net proceeds $9.7M after $0.3M closing costs.","To date, 40 of 113 planned hotels sold for $289.3M; 73 remaining under agreement for $624M, expected to close by end-2025.","Sale resulted in an estimated loss of ~$9.5M (net book value $19.2M vs net proceeds $9.7M).","Proceeds from the disposition program are used to repay debt.","Pro forma financial statements filed reflect removal of sold hotels' historical operations."],"urls":{"canonical":"https://secwatch.observer/filing/0000945394-25-000087","json":"https://secwatch.observer/filing/0000945394-25-000087.json","markdown":"https://secwatch.observer/filing/0000945394-25-000087.md","text":"https://secwatch.observer/filing/0000945394-25-000087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/945394/000094539425000087/0000945394-25-000087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/945394/000094539425000087/svc-20251015.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:10:32.445137+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":"45752c3fc3e50cac18d85fb7ac84519199343918","claim":"Service Properties Trust completed a disposition for $10.0 million, excluding closing costs (closed 2025-10-15).","evidence_excerpt":"On October 15, 2025, Service Properties Trust, or SVC, sold two hotels with a total of 235 keys located in two states for a combined sales price of $10.0 million, excluding closing costs, or the Second Phase Closing, pursuant to a previously disclosed agreement","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/945394/000094539425000087/0000945394-25-000087-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Consideration","value":"$10.0 million, excluding closing costs"},{"label":"Closing","value":"2025-10-15"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}