other material
confidence high
sentiment neutral
materiality 0.65
Service Properties Trust (SVC): M&A transaction — SVC sells 7 hotels for $48M; 51 of 113 Sale Hotels disposed for $393.8M
Service Properties Trust
- Sold seven hotels (839 keys) for $48.0M; cumulative 51 of 113 Sale Hotels sold for $393.8M.
- Remaining 62 Sale Hotels (7,856 keys) under agreement for $519.5M; closings expected by end of 2025.
- Proceeds from sales to be used to repay debt.
- Pro forma financials filed reflecting 22 hotels from 45 Hotel Sale Portfolio sold through Nov 13.
- Pro forma net loss per share improved to ($1.64) for FY 2024; ($1.24) for 9M 2025.