John G. Murray
Mr. Bilotto succeeds John G. Murray as a Managing Trustee, who resigned effective March 9, 2025
Highest-materiality recent filing
Service Properties Trust to offer 416.7M shares at $1.20, raising $500M to redeem senior notes
Offering of 416,666,667 common shares at $1.20/share for gross proceeds of $500 million; underwriter option for 62.5M additional shares.
Service Properties Trust sells 105 hotels for $820.3M; pro forma net loss widens to $228.2M
Sold 105 hotels (13,758 keys) for $820.3M; 8 hotels (1,045 keys) remain for sale.
SVC plans $745M ABS securitization to fund redemption of $700M 8.375% notes
Issuers to sell $745M ABS notes in three tranches: Class A $220M at 5.157%, Class B $375M at 5.795%, Class M $150M at 7.549%.
SVC completes sale of final hotel in 35-property portfolio; total proceeds $865.9M since Jan 2025
Sold one hotel with 133 keys for $7.1M on Jan 22, 2026, completing the 35 Hotel Sale Portfolio ($230.3M total).
SVC completes sale of 6 hotels for $90.5M; 44 of 45 hotel sale portfolio sold
Sold five hotels (732 keys) Dec 16 for $75.5M and one hotel (138 keys) Dec 17 for $15.0M, excluding closing costs.
SVC sells five more hotels for $47.2M; 98 of 113 Sale Hotels closed in 2025
As of Dec 10, 2025, SVC has sold 98 Sale Hotels (12,755 keys) for $722.7M in 2025.
SVC sells 8 hotels for $57M, contested termination on 7 remaining deals
On Dec 4, 2025 sold 8 hotels (1,038 keys) for $57M; total 93 of 113 Sale Hotels sold for $675.5M.
SVC sells 34 hotels for $224.7M; cumulative 85 of 113 hotels sold for $618.5M
Sold 31 hotels (3,734 keys) for $198.7M on Nov 18 and 3 hotels (357 keys) for $26.0M on Nov 19.
SVC sells 7 hotels for $48M; 51 of 113 Sale Hotels disposed for $393.8M
Sold seven hotels (839 keys) for $48.0M; cumulative 51 of 113 Sale Hotels sold for $393.8M.
SVC sells three hotels for $29M; 18 of 45 hotels in portfolio sold to date for $183M
Three hotels (390 keys) sold on Oct 29, 2025 for $29.0M, excluding closing costs.
SVC sells two hotels for $10M; cumulative 40 hotels sold for $289.3M in $913.3M disposition plan
Two hotels (235 keys) sold Oct 15, 2025 for $10M; estimated net proceeds $9.7M after $0.3M closing costs.
SVC completes sale of 10 hotels for $71.1M; 33 of 113 hotels sold to date
Sold 10 hotels (1,525 keys) across six states for $71.1M on Sept 25, 2025, completing the 18-hotel portfolio sale.
SVC sells 11 hotels for $46.8M on Sep 18; 20 sold YTD for $135.7M amid larger $913.3M portfolio sale
First Significant Disposition: 3 hotels (413 keys) sold for $26.5M; Second Significant Disposition: 8 hotels (1,041 keys) sold for $20.3M.
Service Properties Trust issues $580M zero-coupon secured notes due 2027, redeems $450M 2026 notes
Issued $580.155M aggregate principal at maturity of zero-coupon senior secured notes due September 30, 2027, with one-year extension option.
SVC sells 5 hotels for $44.9M; 106 hotels remain under agreement for $849.4M
Sold 5 hotels (690 keys) for $44.9M; total sales to date: 7 hotels for $63.9M.
SVC enters 15-year Sonesta management pacts for 59 hotels; 111 sale hotels under agreement
New 15-year management agreements for 59 retained hotels with Sonesta, effective Aug 1, 2025, with two 10-year renewal options.
Service Properties Trust appoints Christopher Bilotto as President/CEO and Managing Trustee
Christopher J. Bilotto appointed President, CEO, and Managing Trustee, effective March 10, 2025.
Ownership limit cut from 9.8% to 5% to preserve net operating loss tax benefits; transfers above 5% void.
Service Properties Trust issues $1.2B notes at 8.375%/8.875% to refinance $1.15B of 2025 maturities
Issued $700M 8.375% Senior Notes due 2029 and $500M 8.875% Senior Notes due 2032; net proceeds ~$1.16B.
Mr. Bilotto succeeds John G. Murray as a Managing Trustee, who resigned effective March 9, 2025
and succeeds Todd W. Hargreaves as President and Chief Investment Officer, who also resigned effective March 9, 2025.
On March 10, 2025, our Board of Trustees, or the Board, appointed Christopher J. Bilotto as a Managing Trustee and as our President and Chief Executive Officer, effective that day.
Max materiality 0.80 · Median 0.55 · Most common event other_material