---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-086013"
form_type: "8-K"
ticker: "SVC"
cik: "0000945394"
company_name: "Service Properties Trust"
filed_at: "2025-09-02T23:59:59+00:00"
generated_at: "2026-05-17T09:08:01.478558+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SVC enters 15-year Sonesta management pacts for 59 hotels; 111 sale hotels under agreement

## Summary
- New 15-year management agreements for 59 retained hotels with Sonesta, effective Aug 1, 2025, with two 10-year renewal options.
- Base fee: 3% gross revenue (full-service), 5% (extended stay/select); incentive fee 20% of EBITDA above threshold, capped at 3% or 5% of gross revenue.
- Brand promotion fee 3.5% of gross room revenue; loyalty fee 1%-4.5% of room revenue; centralized service fee $1.1M (full-service) or $250K (others), CPI-adjusted.
- SVC has sold 10 of 122 sale hotels and entered agreements to sell 111 more; Sonesta waived termination fees on sale hotels.
- Owner can terminate if performance thresholds not met for two consecutive calendar years starting 2028.

## SEC filing metadata
- accession: 0001104659-25-086013
- form_type: 8-K
- ticker: SVC
- cik: 0000945394
- company_name: Service Properties Trust
- filed_at: 2025-09-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945394/000110465925086013/0001104659-25-086013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945394/000110465925086013/tm2524729d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-086013
- JSON: https://secwatch.observer/filing/0001104659-25-086013.json
- Plain text: https://secwatch.observer/filing/0001104659-25-086013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.