Service Properties Trust (SVC) Company Report

Service Properties Trust (SVC) sold five hotels on December 16, 2025, for $75.5 million and an additional hotel on December 17, 2025, for $15.0 million, as part of its 45 Hotel Sale Portfolio.
Since January 1, 2025, SVC has completed the sale of 104 hotels from its larger 113-hotel portfolio for a combined $813.2 million, and an additional eight other hotels for $45.6 million.
SVC expects to use the proceeds from these hotel sales to repay debt.
The company remains under agreement to sell two more Sale Hotels for $11.9 million, with total expected proceeds from hotel dispositions reaching $870.7 million upon their completion.

7 days ago

8-K

SVC Updates on Hotel Dispositions and Debt Redemption

SVC

M&A

Debt Issuance

Guidance Update

Service Properties Trust (SVC) completed the sale of 66 hotels for approximately $534 million in gross proceeds during the fourth quarter of 2025 to date.
Year-to-date 2025, SVC has sold a total of 112 hotels for aggregate gross proceeds of approximately $859 million.
SVC announced the early redemption of $300 million of its outstanding senior unsecured notes due February 2027, with the redemption expected on January 16, 2026, funded by hotel sale proceeds.
The company intends to initiate marketing efforts in early 2026 to sell seven full-service hotels for projected gross proceeds of $90 million to $110 million.

Dec 18, 2025, 9:45 PM

Press Release

SVC Continues Hotel Dispositions and Updates Financial Guidance

SVC

M&A

Guidance Update

Legal Proceedings

Service Properties Trust (SVC) is actively executing its strategy to transform into a majority net lease REIT by divesting hotel assets.
As of December 5, 2025, SVC has closed the sale of 101 hotels for $721 million, and has an additional 20 hotels under contract for $238 million, bringing year-to-date total sales to 121 hotels for $959 million, excluding closing costs.
The proceeds from these hotel dispositions are expected to be used to repay debt, including the $400 million of 4.95% senior unsecured notes due in February 2027.
SVC has reduced its capital expenditure guidance, with 2025 full-year CapEx now projected at approximately $200 million (down from $250 million) and 2026 full-year CapEx at $125 million to $150 million (down from $170 million to $180 million).
A buyer has purportedly terminated the agreement for seven of the 20 hotels under contract, representing $88.2 million of the purchase price, which SVC is contesting.

Dec 9, 2025, 2:02 PM

8-K

Service Properties Trust announces hotel dispositions and pro forma financial impact

SVC

M&A

Debt Issuance

On November 18 and 19, 2025, Service Properties Trust (SVC) completed the sale of 34 hotels for a combined $224.7 million.
To date, SVC has sold 85 hotels for a total of $618.5 million and anticipates selling an additional 28 hotels for $294.8 million by the end of 2025, with proceeds expected to repay debt.
Pro forma financial statements, reflecting these dispositions, indicate a net loss of $(271,493) thousand or $(1.64) per common share for the year ended December 31, 2024.
For the nine months ended September 30, 2025, the pro forma net loss is $(205,909) thousand or $(1.24) per common share.

Nov 24, 2025, 9:50 PM

8-K

SVC Announces Further Hotel Sales and Pro Forma Financials

SVC

M&A

Service Properties Trust (SVC) completed the sale of four hotels for $23.5 million on November 13, 2025, as part of its 45 Hotel Sale Portfolio.
To date, SVC has sold 22 hotels from this portfolio and remains under agreement to sell the remaining 23 hotels for $225.5 million.
Overall, SVC has sold 51 hotels for $393.8 million and expects to sell an additional 62 hotels for $519.5 million by the end of 2025, with proceeds intended for debt repayment.
Unaudited pro forma financial statements reflect these sales, with the balance sheet as of September 30, 2025, and statements of loss for the year ended December 31, 2024, and the nine months ended September 30, 2025.

Nov 18, 2025, 9:24 PM

8-K

Service Properties Trust Announces Q3 2025 Financial Results

SVC

Earnings

Debt Issuance

M&A

Service Properties Trust reported a net loss of $46.9 million, or $0.28 per common share, and Normalized FFO of $33.9 million, or $0.20 per common share, on total revenues of $478.8 million and Adjusted EBITDAre of $145.0 million for the third quarter ended September 30, 2025.
The company completed a zero-coupon bond offering that raised $490.0 million in net proceeds and generated nearly $300 million through hotel asset sales, utilizing these funds to reduce near-term debt and extend significant maturities until February 2027.
During Q3 2025, SVC sold 40 hotels for $292.4 million and acquired 13 net lease properties for $24.8 million.
SVC declared a quarterly distribution of $0.01 per common share to shareholders of record as of October 27, 2025.

Nov 6, 2025, 3:00 PM

Presentation

Service Properties Trust Reports Q3 2025 Results, Advances Strategic Dispositions and Debt Repayment

SVC

Earnings

Guidance Update

Debt Issuance

Service Properties Trust (SVC) reported Q3 2025 Normalized FFO of $0.20 per share and Adjusted EBITDA RE of $145 million, a $10 million decrease year-over-year. Adjusted Hotel EBITDA was $44.3 million, an 18.9% decline from the prior year.
The company raised over $850 million through asset sales and zero-coupon bonds, which was used to fully repay its revolving credit facility and retire all 2026 senior notes. SVC remains on track to complete the sale of 121 hotels for $959 million, with 69 sales expected to close in November and December for $567.5 million.
The net lease portfolio expanded with the acquisition of 13 properties for $24.8 million in Q3 2025, bringing year-to-date investments to $70.6 million. At quarter-end, the portfolio comprised 752 properties with $389 million in annual minimum rents and was over 97% leased.
For Q4 2025, SVC projects REVPAR between $86 and $89 and Adjusted Hotel EBITDA in the range of $20 million to $25 million. Full-year 2025 Capital Expenditures guidance was lowered to approximately $200 million.

Nov 6, 2025, 3:00 PM

Transcript

Service Properties Trust Reports Q3 2025 Earnings and Strategic Capital Initiatives

SVC

Earnings

Guidance Update

Debt Issuance

Service Properties Trust (SVC) reported Q3 2025 Normalized FFO of $33.9 million, or $0.20 per share, and Adjusted EBITDAre of $145 million, a decrease of $10 million year-over-year, primarily impacted by a $13.1 million decline in adjusted hotel EBITDA and an $8.7 million increase in interest expense.
The company raised over $850 million in proceeds during the quarter, including $295 million from asset sales and $490 million from new zero coupon bonds. These proceeds were used to fully repay the revolving credit facility and retire all 2026 senior notes.
SVC remains on track to complete the sale of 121 hotels for $959 million, with 69 hotel sales expected to close in November and December for $567.5 million. Proceeds from these remaining sales are intended to repay the February 2027 senior unsecured notes.
For Q3 2025, RevPAR for 160 comparable hotels increased by 20 basis points year-over-year, but Adjusted Hotel EBITDA declined by 18.9% to $44.3 million due to softer demand and expense pressures, including elevated labor costs and insurance deductibles. Q4 2025 guidance projects RevPAR of $86 to $89 and Adjusted Hotel EBITDA of $20 million to $25 million.
The net lease portfolio expanded with the acquisition of 13 properties for $24.8 million in Q3, bringing year-to-date investments to $70.6 million. The portfolio now consists of 752 properties with $389 million in annual minimum rents and is over 97% leased.

Nov 6, 2025, 3:00 PM

Transcript

Service Properties Trust Announces Third Quarter 2025 Results

SVC

Earnings

Debt Issuance

New Projects/Investments

Service Properties Trust reported a net loss of $(46.9) million, or $(0.28) per common share, and Normalized FFO of $33.9 million, or $0.20 per common share, for the third quarter ended September 30, 2025.
The company was active in capital markets, successfully completing a zero-coupon bond offering that raised $490 million in net proceeds and generating nearly $300 million from hotel asset sales. These proceeds were used to reduce near-term debt, resulting in no significant debt maturities until 2027.
During Q3 2025, SVC sold 40 hotels for $292.4 million and anticipates total hotel sales proceeds to reach $958.9 million in 2025. As of September 30, 2025, the company had $650.0 million of available borrowing capacity under its revolving credit facility.

Nov 5, 2025, 9:24 PM

8-K

Service Properties Trust Updates on Hotel Dispositions

SVC

M&A

Service Properties Trust (SVC) completed the sale of three hotels with 390 keys for $29.0 million on October 29, 2025, as part of its 45 Hotel Sale Portfolio.
As of October 29, 2025, SVC has sold a total of 18 hotels from the 45 Hotel Sale Portfolio, comprising 2,439 keys, for a combined sales price of $183.0 million.
SVC remains under agreement to sell the remaining 27 hotels in this portfolio, with 3,558 keys, for $249.0 million.
More broadly, SVC has sold 44 of 113 planned hotels for a total of $345.8 million to date, with the remaining 69 hotels expected to be sold by the end of 2025 for $567.5 million.
The proceeds from these sales are anticipated to be used for debt repayment.