Latest News on SVC

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Service Properties Trust (SVC) Expected to Announce Quarterly Earnings on Wednesday

https://www.marketbeat.com/instant-alerts/service-properties-trust-svc-expected-to-announce-quarterly-earnings-on-wednesday-2026-02-18/
Service Properties Trust (SVC) is anticipated to release its Q4 2025 earnings after market close on Wednesday, February 25th, with analysts projecting an EPS of $0.01 and revenue of $394.316 million. The company recently declared a quarterly dividend of $0.01 per share, offering a 1.8% yield, and has received cautious analyst ratings, including "Reduce" with an average target price of $2.50 due to recent downgrades. Institutional investors have adjusted their holdings in SVC, which specializes in service-oriented real estate, particularly in the lodging sector.

SVC Sells Down USD534m Portfolio

https://tophotel.news/svc-sells-down-usd534m-portfolio/
Service Properties Trust (SVC), a US REIT, has sold a portfolio of 66 hotels for USD534 million, as part of a larger strategy to reduce corporate debt and reposition its hotel holdings. This sale follows previous disposals and aims to generate USD1.1 billion to cover upcoming debt maturities. SVC plans further sales while maintaining its core hotel assets and focusing on full-service properties in urban leisure destinations.

Service Properties Trust $SVC Position Reduced by LSV Asset Management

https://www.marketbeat.com/instant-alerts/filing-service-properties-trust-svc-position-reduced-by-lsv-asset-management-2026-02-16/
LSV Asset Management significantly reduced its stake in Service Properties Trust (NASDAQ:SVC) by 16.2% in the third quarter of 2025, selling nearly 500,000 shares. Despite this, other institutions like Los Angeles Capital, Allianz, and AQR increased their holdings, with institutional ownership now standing at approximately 77.62%. The company's shares trade at $2.21, with a high debt-to-equity ratio and a "Reduce" consensus rating from analysts.

Service Properties Trust plans to sell 123 hotels for ~$1.1B

https://www.msn.com/en-us/money/companies/service-properties-trust-plans-to-sell-123-hotels-for-1-1b/ar-AA1ALFWF?apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1
Service Properties Trust (SVC) announced its intention to sell 123 hotels for approximately $1.1 billion. This strategic move aims to streamline its portfolio and generate significant capital.

How to join Service Properties Trust’s Q4 2025 results call

https://www.stocktitan.net/news/SVC/service-properties-trust-fourth-quarter-2025-conference-call-pijskag0jfb5.html
Service Properties Trust (Nasdaq: SVC) announced it will release its Q4 2025 financial results on Wednesday, February 25, 2026, after the Nasdaq market closes. The company will then host a conference call on Thursday, February 26, 2026, at 10:00 a.m. Eastern Time to discuss these results, led by President and CEO Christopher Bilotto, CFO Brian Donley, and VP Jesse Abair. Details for joining the call, including dial-in numbers and webcast information, have been provided for investors and interested parties.
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Service Properties Trust Fourth Quarter 2025 Conference Call Scheduled for Thursday, February 26th

https://www.businesswire.com/news/home/20260127627826/en/Service-Properties-Trust-Fourth-Quarter-2025-Conference-Call-Scheduled-for-Thursday-February-26th
Service Properties Trust (SVC) announced its fourth-quarter 2025 results will be released after market close on Wednesday, February 25, 2026. A conference call featuring company executives will be held on Thursday, February 26, 2026, at 10:00 a.m. Eastern Time to discuss these results. Details for accessing the call and a replay are provided, along with information about the company's real estate investment portfolio.

Service Properties Trust Fourth Quarter 2025 Conference Call Scheduled for Thursday, February 26th

https://sg.finance.yahoo.com/news/properties-trust-fourth-quarter-2025-130000721.html
Service Properties Trust (SVC) announced its fourth quarter 2025 results will be released after market close on Wednesday, February 25, 2026. A conference call to discuss these results will be held on Thursday, February 26, 2026, at 10:00 a.m. Eastern Time, featuring company executives. Details for accessing the call via telephone or webcast are provided for investors and interested parties.

Service Properties Trust (NASDAQ:SVC) Price Target Cut to $2.00 by Analysts at Wells Fargo & Company

https://www.marketbeat.com/instant-alerts/service-properties-trust-nasdaqsvc-price-target-cut-to-200-by-analysts-at-wells-fargo-company-2026-01-22/
Wells Fargo & Company analysts reduced their price target for Service Properties Trust (NASDAQ:SVC) from $2.50 to $2.00, maintaining an "equal weight" rating, which suggests a 6.3% potential downside. Despite mixed analyst ratings, the consensus remains "Hold" with a $2.50 target price. The company currently trades at $2.14, with significant leverage and weak liquidity indicating elevated financial risk.

Service Properties Trust (NASDAQ:SVC) Plans Quarterly Dividend of $0.01

https://www.marketbeat.com/instant-alerts/service-properties-trust-nasdaqsvc-plans-quarterly-dividend-of-001-2026-01-15/
Service Properties Trust (NASDAQ:SVC) has declared a quarterly dividend of $0.01 per share, with an annualized yield of about 1.9%. The ex-dividend date is January 26th and payment is scheduled for February 19th. Despite a negative payout ratio, analysts project earnings of $1.14 per share next year, which should cover the annual dividend.

Service Properties Trust Announces Quarterly Dividend on Common Shares

https://www.businesswire.com/news/home/20260114380567/en/Service-Properties-Trust-Announces-Quarterly-Dividend-on-Common-Shares
Service Properties Trust (SVC) has announced a regular quarterly cash distribution of $0.01 per share ($0.04 per share per year) to its common shareholders. This dividend will be paid on or about February 19, 2026, to shareholders of record as of January 26, 2026. SVC is a real estate investment trust managed by The RMR Group, focusing on service-oriented retail net lease properties and hotels.
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Service Properties Trust Announces Quarterly Dividend on Common Shares

https://www.stocktitan.net/news/RMR/service-properties-trust-announces-quarterly-dividend-on-common-7ykritah1tpy.html
Service Properties Trust (SVC) announced a regular quarterly cash distribution of $0.01 per common share, totaling $0.04 per share annually. This dividend will be paid to shareholders of record as of January 26, 2026, and distributed on or about February 19, 2026. The company, a real estate investment trust managed by The RMR Group, invests in service-focused retail net lease properties and hotels.

New co-CEOs at Sonesta

https://www.hotelinvestmenttoday.com/Development/Franchising/New-co-CEOs-at-Sonesta
Sonesta International Hotels Corp. has appointed Keith Pierce and Jeff Leer as co-CEOs, effective April 1, 2026, replacing the retiring John Murray. Pierce, previously leading Sonesta's global franchising business, and Leer, from RMR Group, will focus on an "asset-right," franchise-focused growth strategy. Sonesta currently manages over 1,000 properties across 13 brands in 10 countries.

Service Properties Trust Updates Management Fee Benchmark Index

https://www.theglobeandmail.com/investing/markets/stocks/SVC/pressreleases/36905404/service-properties-trust-updates-management-fee-benchmark-index/
Service Properties Trust (SVC) and its external manager, The RMR Group LLC, amended their management agreement, effective January 1, 2026. The change involves updating the benchmark index for calculating incentive management fees and assessing termination for performance from the MSCI U.S. REIT/Hotel & Resort REIT Index to the MSCI US REIT Diversified Index. This adjustment, approved by the company's independent Compensation Committee, aims to align management incentives with a broader diversified REIT market benchmark.

Service Properties Trust Updates Management Fee Benchmark Index

https://www.theglobeandmail.com/investing/markets/stocks/SVC-Q/pressreleases/36905404/service-properties-trust-updates-management-fee-benchmark-index/
Service Properties Trust (SVC) has amended its management agreement with The RMR Group LLC, changing the benchmark index for calculating incentive management fees and assessing termination for performance. Effective January 1, 2026, the agreement will reference the MSCI US REIT Diversified Index instead of the prior MSCI U.S. REIT/Hotel & Resort REIT Index. This change, approved by independent trustees, aims to align incentives with a broader diversified REIT market benchmark and impacts how management performance is measured.

Service Properties Trust Amends Management Agreement

https://br.tradingview.com/news/tradingview:04304c2a3b74f:0-service-properties-trust-amends-management-agreement/
Service Properties Trust (SVC) announced an amendment to its Business Management Agreement with The RMR Group LLC, effective January 1, 2026. The key change involves adopting the MSCI US REIT Diversified Index as the new index for incentive fees. This amendment was approved by Independent Trustees.
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Service Properties Trust atualiza índice de acordo de gestão para taxas de incentivo

https://br.investing.com/news/sec-filings/service-properties-trust-atualiza-indice-de-acordo-de-gestao-para-taxas-de-incentivo-93CH-1789560
Service Properties Trust (SVC) announced an amendment to its business management agreement with The RMR Group LLC, effective January 1, 2026. The index used to calculate incentive management fees and performance-based termination provisions will switch to the MSCI US REIT Diversified Index from the previous MSCI U.S. REIT/Hotel & Resort REIT Index. The company has also been actively engaged in selling hotels, having sold 98 properties for $722.7 million as part of a larger plan to divest 113 hotels by the end of 2025.

Service Properties Trust: High Yield, Heavy Luggage – Can SVC’s Stock Turn A Value Trap Into A Comeback Story?

https://www.ad-hoc-news.de/boerse/ueberblick/service-properties-trust-high-yield-heavy-luggage-can-svc-s-stock/68455540
Service Properties Trust (SVC) stock has declined over the past year, raising concerns among investors about whether its generous dividend yield signifies a contrarian income opportunity or a value trap. Wall Street maintains a cautious, neutral stance on SVC, with modest price targets, while the company's future hinges on interest rates, hotel performance, and capital allocation strategies. The stock's current position highlights the tension between its high yield appeal and unease around long-term growth and potential capital erosion.

Service Properties Trust (NASDAQ:SVC) Stock Rating Upgraded by Zacks Research

https://www.marketbeat.com/instant-alerts/service-properties-trust-nasdaqsvc-stock-rating-upgraded-by-zacks-research-2026-01-03/
Zacks Research has upgraded Service Properties Trust (NASDAQ:SVC) from a "hold" to a "strong-buy" rating. Despite this, overall analyst sentiment for SVC averages to a "Hold" with an average price target of $2.75. The real estate investment trust currently trades around $1.90, has a market cap of approximately $319 million, carries a high debt-to-equity ratio, and is largely institutionally owned.

Warehouse District hotel sold for $29M is latest deal in growing list of New Orleans sell-offs

https://www.nola.com/news/business/real_estate/sonesta-near-convention-center-sells-for-29m-in-soft-market/article_be8a32d1-9ddc-43b2-9dd7-2777c3bf7d51.amp.html
A 231-room Sonesta Extended Stay hotel near the Ernest N. Morial Convention Center in New Orleans has been sold for $29 million, indicative of a significant slump in commercial property values across the city. This sale, at approximately $125,500 per room, is attributed to rising costs, high interest rates, and a slower-than-expected recovery in group travel post-pandemic, making it an attractive buying opportunity for investors despite the challenges faced by current hotel owners. The sale is also part of a broader national strategy by Service Properties Trust to sell off Sonesta-branded hotels to reduce debt.

Service Properties Trust Sees Unusually High Options Volume (NASDAQ:SVC)

https://www.marketbeat.com/instant-alerts/service-properties-trust-sees-unusually-high-options-volume-nasdaqsvc-2025-12-26/
Service Properties Trust (NASDAQ:SVC) experienced unusually high options trading volume with investors buying 2,400 put options, a 547% increase over typical daily volume, signaling potential bearish sentiment or hedging activity. Despite a "Reduce" average analyst rating and a $2.75 price target, institutional ownership in the company is high at 77.62%, with several funds recently increasing or opening positions. The REIT, trading at $1.76 with a market cap of $295M, carries significant leverage and pays a small quarterly dividend.
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Service Properties Trust completes sale of six hotels for $90.5 million

https://www.investing.com/news/sec-filings/service-properties-trust-completes-sale-of-six-hotels-for-905-million-93CH-4420326
Service Properties Trust (SVC) has sold six hotels for $90.5 million as part of its ongoing disposition program to reduce its $5.77 billion debt. This sale contributes to a larger initiative to sell 113 hotels, with 104 already sold, generating $813.2 million. The company, which has maintained dividend payments for 31 years, plans to use the proceeds to repay debt.

Service Properties Trust unloads 66 hotels for $534M as debt pressure mounts

https://therealdeal.com/national/boston/2025/12/22/service-properties-trust-unloads-66-hotels-for-534m/
Service Properties Trust (SVC) has sold 66 hotels for $534 million, part of a plan to address $5.8 billion in debt maturities over the next five years. This brings their total hotel sales for the year to 112 properties, generating $859 million, as the REIT shifts towards full-service, urban, and leisure-oriented hotels in stronger markets. The move comes as SVC faces significant debt and an 18 percent revenue drop since 2019.

Service Properties Trust Sells Another 66 Hotels For $534M

https://www.bisnow.com/national/news/hotel/service-properties-trust-sells-another-66-hotels-for-534m-132458
Service Properties Trust (SVC) has sold 66 hotels for $534 million, continuing its strategy to divest assets and reduce debt. These sales are part of a larger plan to shift towards full-service, urban, and leisure-oriented properties in strong markets, with SVC having sold 112 hotels this year for a total of $859 million. The REIT faces $5.8 billion in debt coming due within the next five years and is working to address post-pandemic revenue declines.

Service Properties Trust sells 66 hotels for $534 million in Q4

https://in.investing.com/news/company-news/service-properties-trust-sells-66-hotels-for-534-million-in-q4-93CH-5160331
Service Properties Trust (SVC) has completed the sale of 66 hotels for approximately $534 million in Q4, bringing its year-to-date sales to 112 hotels for $859 million. The company plans to redeem $300 million of its unsecured senior notes using proceeds from these sales and is evaluating options for further hotel divestments to strengthen its balance sheet.

Service Properties Trust Provides Business Update

https://www.businesswire.com/news/home/20251218199657/en/Service-Properties-Trust-Provides-Business-Update
Service Properties Trust (SVC) has provided an update on its hotel dispositions and actions to strengthen its balance sheet, including the sale of 66 hotels for approximately $534 million in Q4 2025 to date, bringing the year-to-date total to 112 hotels sold for $859 million. The company also announced a partial early redemption of $300 million of its senior unsecured notes due February 2027, funded by hotel sale proceeds, and plans further hotel dispositions in early 2026. These strategic moves aim to improve operating performance, reduce leverage, and create long-term shareholder value.
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Service Properties Trust Sells Five Hotels for $47 Million

https://dlr.skift.com/2025/12/17/service-properties-trust-sells-five-hotels-for-47-million/
Service Properties Trust sold five hotels totaling 679 keys for $47 million, as part of a larger trend of significant transactions and expansions in the lodging sector. While the broader market experienced a downturn, lodging stocks performed relatively well, with analysts forecasting a continued divergence between high-end and lower-end segments in 2026. Major brands like Hilton and Hyatt are also actively involved in new projects and strategic partnerships, shaping the industry's future landscape.

Service Properties Trust completes sale of five hotels for $47.2 million

https://www.investing.com/news/sec-filings/service-properties-trust-completes-sale-of-five-hotels-for-472-million-93CH-4411687
Service Properties Trust (NASDAQ:SVC) has finalized the sale of five hotels across four states for $47.2 million, as part of a larger plan to divest 113 hotels. The company has now sold 98 of these hotels for $722.7 million and 8 additional hotels for $45.6 million, aiming to use the proceeds to reduce its substantial debt. Despite high debt, the company maintains a healthy current ratio, and InvestingPro suggests SVC is currently undervalued.

Service Properties Sells Eight Hotels in Strategic Move

https://www.theglobeandmail.com/investing/markets/stocks/SVC/pressreleases/36552276/service-properties-sells-eight-hotels-in-strategic-move/
Service Properties (SVC) announced it recently sold eight hotels as part of its strategy to sell 113 hotels for $913.3 million, with 93 hotels sold so far for $675.5 million. The company aims to complete all sales by the end of 2025 to repay debt and transition to a majority net lease REIT. Despite some positive developments in debt management, TipRanks’ AI Analyst, Spark, rates SVC as Neutral due to significant financial challenges and high leverage.

Service Properties Trust Divests Hotels To Streamline Operations

https://www.travelandtourworld.com/news/article/service-properties-trust-divests-hotels-to-streamline-operations/
Service Properties Trust (SVC) has sold 34 hotels for $224.7 million as part of a larger divestment of 113 properties to streamline operations and address debt. This move aims to reposition SVC to meet its financial objectives, reduce debt, and concentrate on properties with more predictable returns in an evolving tourism market. The company has already completed the sale of 85 hotels, generating $618.5 million, with the remaining 28 properties expected to be sold by the end of 2025.

Service Properties Trust completes sale of 34 hotels for $224.7 million

https://www.investing.com/news/sec-filings/service-properties-trust-completes-sale-of-34-hotels-for-2247-million-93CH-4376137
Service Properties Trust (NASDAQ:SVC) has announced the completion of two agreements for the sale of 34 hotels, totaling $224.7 million. These sales are part of a larger plan to divest 113 hotels for $913.3 million, with 85 properties already sold. The company intends to use the proceeds for debt repayment and expects to finalize the remaining sales by the end of 2025.
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News | Noble to buy 31 Sonesta Simply Suites from Service Properties Trust

https://www.costar.com/article/1956440253/noble-to-buy-31-sonesta-simply-suites-from-service-properties-trust
Noble Investment Group is acquiring a portfolio of 31 Sonesta Simply Suites hotels from Service Properties Trust. This sale aligns with Service Properties Trust's strategy to reduce debt and increase liquidity by divesting Sonesta-branded hotels. The acquired hotels will transition from brand managed to a franchise model and be operated by J&P Asset Management.

Service Properties Trust sells seven hotels for $48 million as part of broader portfolio sale

https://www.investing.com/news/sec-filings/service-properties-trust-sells-seven-hotels-for-48-million-as-part-of-broader-portfolio-sale-93CH-4366333
Service Properties Trust (SVC) has sold seven hotels for $48 million, part of a larger plan to sell 113 hotels to repay debt. The company has already sold 51 hotels for $393.8 million and expects to complete the remaining sales by the end of 2025. This move comes as SVC trades near its 52-week low and recently reported a Q3 2025 EPS miss but a revenue beat.

Service Properties Trust Announces Third Quarter 2025 Results

https://www.businesswire.com/news/home/20251105376486/en/Service-Properties-Trust-Announces-Third-Quarter-2025-Results
Service Properties Trust (Nasdaq: SVC) announced its financial results for the quarter ended September 30, 2025. The company will host a conference call on Thursday, November 6, 2025, to discuss these results. SVC, a real estate investment trust, also provided an update on its hotel disposition program and recent actions to strengthen its balance sheet.

Q3 2025 results after Nasdaq close — Service Properties Trust schedules Nov. 6 call at 10 AM ET; replay to Nov. 13

https://www.stocktitan.net/news/SVC/service-properties-trust-third-quarter-2025-conference-call-w2l8bddn17rm.html
Service Properties Trust (SVC) announced its Q3 2025 results will be released after the Nasdaq closes on November 5, 2025. A conference call to discuss these results will be held on Thursday, November 6, 2025, at 10:00 a.m. Eastern Time, featuring President and CEO Christopher Bilotto, CFO Brian Donley, and VP Jesse Abair. A replay of the call will be available until November 13, 2025, and a live audio webcast will also be accessible on the company's website.

Service Properties Trust Provides Business Update

https://www.businesswire.com/news/home/20251005861030/en/Service-Properties-Trust-Provides-Business-Update
Service Properties Trust (SVC) announced significant progress in its hotel disposition program, completing 46 hotel sales through Q3 2025, generating approximately $325 million in gross proceeds, and remaining on track for $959 million in total hotel sales proceeds for 2025. The company also strengthened its balance sheet by redeeming $350 million in senior unsecured notes and issuing $580 million in zero-coupon senior secured notes, with plans to redeem an additional $450 million in notes in October 2025. These actions are part of SVC's strategic transformation to enhance its financial profile and reduce debt maturities.
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SVC signs 15-year agreement with Sonesta

https://www.hotelinvestmenttoday.com/Deals/Management/SVC-signs-15-year-agreement-with-Sonesta
Service Properties Trust (SVC) has signed a new 15-year management agreement with Sonesta International for 59 of its hotels, extending until 2040 with renewal options. Under the agreement, SVC will pay Sonesta various fees including a base management fee, an incentive fee, brand promotion fees, and centralized service fees. SVC also reported selling 10 hotels and having agreements to sell 111 more, as part of a disposition plan for properties previously managed by Sonesta.

JPMorgan tells investors to avoid commercial real estate debt

https://www.crainsnewyork.com/real-estate/jpmorgan-downgrades-commercial-real-estate-debt
JPMorgan has advised investors to avoid commercial real estate debt, downgrading its recommendation on REIT credit to "underweight" from "neutral" due to an anticipated recession. The bank warns of increasing pressure on landlords needing to refinance mortgages, higher borrowing costs, and potential defaults, particularly for warehouse space owners. While most commercial real estate faces challenges, JPMorgan suggests office tower owners might see a silver lining due to already weak demand.

Service Properties Trust auf Upgrade von Wells Fargo

https://br.tradingview.com/news/reuters.com%2C2025%3Anewsml_L8N3Q21MF%3A0/
Shares of Service Properties Trust (SVC.O) surged 18% to $2.94 following an upgrade from Wells Fargo. Wells Fargo upgraded the stock from "underweight" to "overweight" and raised its price target from $2.50 to $4. The brokerage firm anticipates progress on SVC's $1.1 billion asset divestitures within the next month and finds the valuation of hotels attractive.

Sonesta CEO: Bookings Are ‘Still Strong’ as it Aims to Sell 114 Hotels

https://skift.com/2025/03/19/sonesta-ceo-bookings-are-still-strong-as-it-aims-to-sell-114-hotels/
Sonesta International Hotels plans to sell 114 properties to transition to a franchise model, with CEO John Murray reporting strong booking demand despite economic uncertainty. The company is investing $250 million in renovations and focusing on improving its technology and franchisee support. Murray is confident in the sales and aims to differentiate Sonesta through a flexible, people-centered approach.

Service Properties Trust Appoints Chris Bilotto as CEO

https://www.citybiz.co/article/669868/service-properties-trust-appoints-chris-bilotto-as-ceo/
Service Properties Trust (SVC) has appointed Chris Bilotto as its new Managing Trustee, President, and Chief Executive Officer, effective March 10, 2025. Bilotto, an Executive Vice President at The RMR Group, will also retain his leadership roles at Diversified Healthcare Trust. He succeeds John Murray and Todd Hargreaves, who resigned from their positions at SVC.
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Service Properties Trust Announces Actions to Improve Liquidity and Reduce Leverage

https://www.businesswire.com/news/home/20241015799982/en/Service-Properties-Trust-Announces-Actions-to-Improve-Liquidity-and-Reduce-Leverage
Service Properties Trust (SVC) has announced comprehensive measures to enhance liquidity and reduce leverage. These include a significant reduction in its quarterly cash distribution to $0.01 per share, projected to save $127 million annually, and the planned sale of 114 Sonesta-managed focused service hotels in 2025. The hotel sales are expected to generate additional liquidity, repay debt, and result in $725 million in capital expenditure savings over six years, aiming to improve portfolio performance and better position SVC's hotel assets long-term.

Service Properties Trust Announces First Quarter 2024 Results

https://www.businesswire.com/news/home/20240507445673/en/Service-Properties-Trust-Announces-First-Quarter-2024-Results
Service Properties Trust (SVC) announced its financial results for the first quarter ended March 31, 2024. The company will host a conference call on May 8, 2024, to discuss the results, which are available on its website. SVC is a real estate investment trust with over $11 billion in hotels and service-focused retail net lease properties, managed by The RMR Group.

Service Properties Trust (SVC): Among the Biggest Dividend Cuts and Suspensions of 2024

https://finance.yahoo.com/news/properties-trust-svc-among-biggest-170051897.html
Service Properties Trust (SVC) cut its dividends by 95% to $0.01 per share due to a gradual recovery of its hotel portfolio, ongoing capital improvement projects, and weakening leverage metrics. This decision is aimed at bolstering liquidity and improving financial flexibility, saving approximately $127 million annually. SVC plans to sell 114 hotels to reduce debt, expecting these actions to enhance liquidity and focus investments on high-growth full-service hotels.

News | Service Properties Trust makes first progress with hotel sales plans

https://www.costar.com/article/1214237261/service-properties-trust-makes-first-progress-with-hotel-sales-plans
Service Properties Trust (SVC) has made initial progress on its plan to sell 114 hotels to pay down debt, with eight hotels currently under contract for $44.2 million. The REIT expects to sell the full 14,925-room portfolio, primarily Sonesta-branded select-service and extended-stay hotels, in 2025, which is projected to save $725 million in capital expenditures over six years. Despite a third-quarter loss of $46.9 million and a drop in RevPAR for its comparable hotel portfolio, officials expressed comfort with their ability to manage maturing debt through strategic asset sales.

Sonesta to add 114 hotels to franchise portfolio

https://www.hoteldive.com/news/sonesta-hotel-franchise-portfolio/730257/
Sonesta plans to add 114 hotels to its franchise portfolio. This move follows current owner Service Properties Trust's decision to sell these properties in 2025 to repay debt, converting existing management agreements into long-term franchise agreements. The deal is expected to expand Sonesta's franchise presence and aligns with SVC's strategy to focus on full-service and higher-performing focused service hotels.
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Sonesta to franchise 114 hotels upon SVC sale

https://www.hotelmanagement.net/transactions/sonesta-franchise-114-hotels-upon-svc-sale
Service Properties Trust (SVC) plans to sell 114 Sonesta-managed hotels with an aggregate value of $850 million to repay debt and save on capital expenditures. This move is part of SVC's strategy to enhance liquidity, improve financial flexibility, and concentrate their portfolio on full-service and higher-performing focused-service hotels. After the sales, SVC will continue to own 34 percent of Sonesta and have Sonesta manage 59 of its remaining hotels.

Sonesta to franchise 114 hotels upon their sale by SVC

https://hotelsmag.com/news/sonesta-to-franchise-114-hotels-upon-their-sale-by-svc/
Sonesta International Hotels plans to franchise 114 hotels in the U.S. after their sale is finalized by Service Properties Trust (SVC). These hotels, currently managed by Sonesta, will transition to long-term franchise agreements to help SVC lower its leverage, improve liquidity, and reduce capital expenditures. SVC will continue to own 34% of Sonesta and manage a remaining portfolio of hotels.

News | Service Properties Trust Sells More Hotels

https://www.costar.com/article/1984277043/service-properties-trust-sells-more-hotels
Service Properties Trust (NASDAQ: SVC) is continuing to shed lower-performing hotels, announcing deals to sell 16 hotels for $113.2 million after closing on two other sales in July. This move aims to improve the overall quality of its hotel portfolio, focusing on leisure-driven properties that align with Sonesta Hotels International brands. The company reported a marginal drop in revenue per available room and a net loss in the second quarter, alongside significant capital expenditures.

Todd Hargreaves has been appointed President and Chief Investment Officer (CIO) at Service Properties Trust

https://www.hospitalitynet.org/appointment/79023587.html
Service Properties Trust (SVC) announced the appointment of Todd Hargreaves as President and Chief Investment Officer, effective April 1, 2022. Mr. Hargreaves previously served as Vice President at SVC and Senior Vice President of The RMR Group, bringing over 15 years of experience in commercial real estate. He succeeds John Murray, who is becoming President and CEO of Sonesta International Hotels Corporation.

Sonesta Announces New President and CEO

https://hospitalitydesign.com/news/business-people/sonesta-announces-new-president-and-ceo/
Sonesta International Hotels Corporation has appointed John Murray as its new president and CEO, effective April 1st, 2022. Murray, a Sonesta director since 2018, succeeds Carlos Flores, who led the company for seven years. He plans to focus on Sonesta's continued growth, brand awareness, and guest experience.
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