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On October 15, 2025, SVC sold two hotels with a total of 235 keys located in two states for a combined sales price of $10.0 million, excluding closing costs, pursuant to one of the agreements that SVC previously entered into to sell 113 hotels with a total of 14,803 keys for a combined sales price of $913.3 million, excluding closing costs, or the Sale Hotels. To date, SVC has sold 40 of the Sale Hotels with a total of 5,566 keys for a combined sales price of $289.3 million, excluding closing costs, and SVC remains under agreement to sell 73 Sale Hotels with a total of 9,237 keys for a combined sales price of $624.0 million, excluding closing costs. The remaining 73 Sale Hotels will be sold in phases, expected to be completed by the end of 2025. As previously disclosed, SVC expects to use the proceeds from the sales of the Sale Hotels to repay debt.
Posted In: SVC
