secwatch.observer — SEC 8-K summary
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Issuer:     Service Properties Trust (SVC)
CIK:        0000945394
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0000945394-25-000087
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SVC sells two hotels for $10M; cumulative 40 hotels sold for $289.3M in $913.3M disposition plan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945394/000094539425000087/0000945394-25-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945394/000094539425000087/svc-20251015.htm
  HTML page:      https://secwatch.observer/filing/0000945394-25-000087

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