Tyler Batory

Dori Kesten

John Massocca

Meredith Prichard Jensen

Bryan Maher

Jack Armstrong

Jackson Armstrong

Jonathan Jenkins

- **Service Properties Trust (SVC)** completed the sale of **46 hotels** for approximately **$325 million** in gross proceeds through the third quarter of 2025, and remains on track to sell a total of **121 hotels** for approximately **$959 million** in gross proceeds for the full year 2025.  **[945394_116822224f21498594808ec99b0b57a0_0]** 
- SVC strengthened its balance sheet by redeeming **$350 million** of 5.25% senior unsecured notes due February 2026 and issuing **$580 million** of zero-coupon senior secured notes due September 2027, which generated approximately **$490 million** in net proceeds.  **[945394_116822224f21498594808ec99b0b57a0_0]** 
- The company also expects to complete the early redemption of **$450 million** of its 4.75% senior unsecured notes due October 2026 on October 16, 2025.  **[945394_116822224f21498594808ec99b0b57a0_0]**

Service Properties Trust Provides Business Update on Hotel Dispositions and Debt Management

- Service Properties Trust (SVC) completed the sale of **ten hotels** for **$71.1 million** on **September 25, 2025**, finalizing the **18 Hotel Sale Portfolio**.  **[945394_0000945394-25-000080_exhibit991-92525.htm:0]** 
- The **18 Hotel Sale Portfolio** consisted of **18 hotels** with **2,628 keys** sold for a combined **$142.5 million**.  **[945394_0000945394-25-000080_exhibit991-92525.htm:0]** 
- To date, SVC has sold **33 hotels** for **$229.3 million** and anticipates selling an additional **80 hotels** for **$684.0 million** by the end of **2025**, with proceeds earmarked for debt repayment.  **[945394_0000945394-25-000080_svc-20250925.htm:1]** 
- Unaudited pro forma financial statements are included, reflecting the sales as if completed on **June 30, 2025**, for the balance sheet and on **January 1, 2024**, for the statements of loss.  **[945394_0000945394-25-000080_exhibit991-92525.htm:0]**

Service Properties Trust completes 18-hotel sale and provides pro forma financials

- On **September 23, 2025**, Service Properties Trust (SVC) sold **three hotels** with **399 keys** for **$22.5 million**, excluding closing costs.  **[945394_0000945394-25-000074_svc-20250923.htm:1]** 
- This transaction is part of a larger agreement to sell **113 hotels** for a combined **$913.3 million**, with **23 hotels** sold to date for **$158.2 million**.  **[945394_0000945394-25-000074_svc-20250923.htm:1]** 
- SVC anticipates completing the sale of the remaining **90 hotels** by the **end of 2025** and expects to use the proceeds to **repay debt**.  **[945394_0000945394-25-000074_svc-20250923.htm:1]**

Service Properties Trust Announces Further Hotel Dispositions

- Service Properties Trust (SVC) completed the sale of **three hotels** for **$26.5 million** and **eight hotels** for **$20.3 million** on **September 18, 2025**.  **[945394_0000945394-25-000072_exhibit991.htm:0]** **[945394_0000945394-25-000072_exhibit992.htm:0]** **[945394_0000945394-25-000072_svc-20250918.htm:1]** 
- These sales are part of a larger agreement to sell **113 hotels** with a total of 14,803 keys for a combined **$913.3 million**.  **[945394_0000945394-25-000072_svc-20250918.htm:1]** 
- To date, SVC has sold **20 hotels** from this portfolio, totaling 2,767 keys, for a combined **$135.7 million**, excluding closing costs.  **[945394_0000945394-25-000072_svc-20250918.htm:1]** 
- SVC remains under agreement to sell **93 additional hotels** with 12,036 keys for **$777.6 million**, with these sales expected to be completed by the **end of 2025**.  **[945394_0000945394-25-000072_svc-20250918.htm:1]** 
- The proceeds from these sales are anticipated to be used to **repay debt**, including a portion of outstanding borrowings under its revolving credit facility.  **[945394_0000945394-25-000072_svc-20250918.htm:1]**

Service Properties Trust announces significant hotel dispositions

- Service Properties Trust (SVC) completed a private offering of **$580,155,000** in aggregate principal amount at maturity of **zero coupon senior secured notes due 2027** on **September 23, 2025**.  **[945394_0001104659-25-092764_tm2526693d1_8k.htm:1]** **[945394_0001104659-25-092764_tm2526693d1_ex4-1.htm:2]** 
- The offering generated approximately **$490.0 million in net proceeds**, which the company intends to use to **redeem all outstanding 4.750% senior notes due 2026** and to **reduce amounts outstanding under its revolving credit facility**.  **[945394_0001104659-25-092764_tm2526693d1_8k.htm:1]** 
- The Notes have an **initial accreted value of $861.84 per $1,000 principal amount at maturity** and will accrete at a rate of **7.50% per annum compounded semiannually** until the **September 30, 2027** maturity date.  **[945394_0001104659-25-092764_tm2526693d1_8k.htm:1]** 
- SVC has a **one-time option to extend the maturity date by one year to September 30, 2028**, during which cash interest would accrue at an initial rate of **7.50% per annum**.  **[945394_0001104659-25-092764_tm2526693d1_8k.htm:1]** 
- The Notes are **fully and unconditionally guaranteed** by certain subsidiaries and are **secured by first-priority liens on the equity interests of the TA Landlord Subsidiaries**.  **[945394_0001104659-25-092764_tm2526693d1_8k.htm:1]**

Service Properties Trust Completes Private Offering of Senior Secured Notes

- Service Properties Trust (SVC) entered into a new management agreement with **Sonesta International Hotels Corporation** for **59** of its retained hotels, effective **August 1, 2025**.  **[945394_0001104659-25-086013_tm2524729d1_8k.htm:1]** 
- The agreement has an initial **15-year term** expiring on **July 31, 2040**, and includes a base management fee of **3.0% of gross revenues** for full service hotels and **5.0%** for extended stay and select service hotels.  **[945394_0001104659-25-086013_tm2524729d1_8k.htm:1]** **[945394_0001104659-25-086013_tm2524729d1_ex10-1.htm:37]** 
- Additionally, the agreement provides for an incentive fee equal to **20% of EBITDA** in excess of the incentive threshold, commencing with the **2026 calendar year**.  **[945394_0001104659-25-086013_tm2524729d1_8k.htm:1]** **[945394_0001104659-25-086013_tm2524729d1_ex10-1.htm:37]** 
- Service Properties Trust is required to fund capital expenditures and maintain minimum working capital, such as **$2,000 per guestroom** for full service hotels.  **[945394_0001104659-25-086013_tm2524729d1_8k.htm:1]** **[945394_0001104659-25-086013_tm2524729d1_ex10-1.htm:15]** 
- As of **August 29, 2025**, SVC has sold **10** of the **122** previously identified hotels for disposition, with agreements to sell **111** more and one still being marketed.  **[945394_0001104659-25-086013_tm2524729d1_8k.htm:1]**