Service Properties Trust Sells 3 Hotels For $29M

Author: Benzinga Newsdesk | November 04, 2025 05:47pm

On October 29, 2025, Service Properties Trust, or SVC, sold three hotels with a total of 390 keys located in two states for a combined sales price of $29.0 million, excluding closing costs, or the Last Closing, 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 44 of the Sale Hotels with a total of 6,108 keys for a combined sales price of $345.8 million, excluding closing costs, and SVC remains under agreement to sell 69 Sale Hotels with a total of 8,695 keys for a combined sales price of $567.5 million, excluding closing costs. The remaining 69 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