other material
confidence high
sentiment neutral
materiality 0.60
Service Properties Trust sells 105 hotels for $820.3M; pro forma net loss widens to $228.2M
Service Properties Trust
- Sold 105 hotels (13,758 keys) for $820.3M; 8 hotels (1,045 keys) remain for sale.
- Pro forma net loss for FY 2025 is $228.2M ($1.37/sh) vs historical $202.3M ($1.22/sh).
- Pro forma total revenues $1.51B vs historical $1.81B from removing sold hotels.
- One hotel closed Jan 2026 for $7.1M (133 keys), reflected in pro forma balance sheet.
- Transaction related costs of $10.0M incurred for sale and renovation of certain hotels.