other material
confidence high
sentiment neutral
materiality 0.60
SVC sells three hotels for $29M; 18 of 45 hotels in portfolio sold to date for $183M
Service Properties Trust
- Three hotels (390 keys) sold on Oct 29, 2025 for $29.0M, excluding closing costs.
- Cumulative sales from 45-hotel portfolio: 18 hotels (2,439 keys) for $183M ($154M prior + $29M).
- Remaining 27 hotels (3,558 keys) under agreement for $249M; closings expected by end of 2025.
- Proceeds from hotel sales are expected to be used to repay debt.
- Pro forma financials filed reflecting removal of sold hotels' revenues and expenses.