secwatch.observer — SEC 8-K summary
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Issuer:     Service Properties Trust (SVC)
CIK:        0000945394
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0000945394-25-000124
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SVC completes sale of 6 hotels for $90.5M; 44 of 45 hotel sale portfolio sold
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- Sold five hotels (732 keys) Dec 16 for $75.5M and one hotel (138 keys) Dec 17 for $15.0M, excluding closing costs.
- Since Jan 1, 2025, sold 104 Sale Hotels (13,625 keys) for $813.2M and eight other hotels (1,006 keys) for $45.6M.
- Remains under agreement to sell two Sale Hotels (288 keys) for $11.9M; one expected by year-end 2025, one in early 2026.
- One hotel remaining in 45 Hotel Sale Portfolio under agreement for $4.8M; proceeds from hotel sales to repay debt.
- Pro forma balance sheet shows cash & equivalents of $718.8M and net debt of $5.77B after adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945394/000094539425000124/0000945394-25-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945394/000094539425000124/svc-20251216.htm
  HTML page:      https://secwatch.observer/filing/0000945394-25-000124

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