Service Properties Trust 8-K

What Happened
Service Properties Trust (SVC) filed an 8‑K (Dec. 22, 2025) reporting the completion of multiple hotel sales tied to its previously announced disposition program. On December 16, 2025 SVC sold five hotels (732 keys across four states) for $75.5 million (excluding closing costs) under one agreement in the 45‑Hotel Sale Portfolio, and on December 17, 2025 it sold an additional hotel (138 keys) for $15.0 million (excluding closing costs).

Key Details

• December sales: five hotels for $75.5M (Dec 16, 2025) and one hotel for $15.0M (Dec 17, 2025) — $90.5M combined (excl. closing costs).
• Year-to-date disposals: since Jan. 1, 2025 SVC has sold 104 of the Sale Hotels (13,625 keys) for $813.2M (excl. closing costs), plus eight other hotels (1,006 keys) for $45.6M.
• Remaining portfolio: seven Sale Hotels (representing $88.2M of the portfolio price) are being evaluated for alternate buyers or remarketing in early 2026. Two Sale Hotels (288 keys) remain under agreement for $11.9M; SVC expects one to close by end of 2025 and the other in early 2026.
• Proceeds use and totals: upon completion of the two pending sales, aggregate proceeds from the hotel dispositions would total $870.7M (excluding closing costs). SVC has said it expects to use proceeds to repay debt.

Why It Matters
These asset sales are part of a large, ongoing portfolio disposition that materially reduces SVC’s hotel holdings and generates cash proceeds the company intends to use to pay down debt. For investors, the updates provide clarity on timing and amounts of realized proceeds, the remaining assets to be sold or remarketed, and the near-term impact on the company’s balance sheet and leverage.