Service Properties Trust Elects Hospitality Executive Jeanmarie Cooney as Independent Trustee

Service Properties Trust (SVC) elected hospitality executive Jeanmarie Cooney as an Independent Trustee, effective immediately, expanding its Board to eight members.

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09/17/2026 - 04:15 PM

Expanded Board Now Comprised of 75% Independent Trustees

NEWTON, Mass.--(BUSINESS WIRE)-- Service Properties Trust (Nasdaq: SVC) today announced that its Board of Trustees has elected Jeanmarie Cooney as an Independent Trustee, effective immediately. Ms. Cooney was elected in accordance with SVC’s previously announced plan to expand the size of its Board to add an Independent Trustee with significant hospitality experience.

From 2022 to 2025, Ms. Cooney served on the board of directors of Playa Hotels & Resorts N.V., a public company with hotel assets in Mexico, Jamaica and the Dominican Republic (“Playa”), where she served as chair of its audit committee from 2023 until Playa’s sale to Hyatt Hotels Corporation in 2025. From 2009 to 2018, Ms. Cooney worked at Wyndham Worldwide, where she most recently served as Executive Vice President and Chief Financial Officer for Wyndham Hotel Group and previously as Senior Vice President, Global Financial Planning & Analysis for Wyndham Worldwide. While at Wyndham, Ms. Cooney worked closely on the spin-out of Wyndham’s hotel business from its time-share business in 2018. Since 2020, Ms. Cooney has served as the Chief Financial Officer of New York Road Runners, a nonprofit organization best known for organizing the New York City Marathon and its year round running and community programs.

Adam D. Portnoy, Chair of SVC’s Board of Trustees, made the following statement:

“We are pleased to welcome Jeanmarie to SVC's Board as we further strengthen our strategic oversight capabilities. Her extensive hospitality industry experience and financial expertise will bring valuable perspectives to our Board as we focus on improving the performance of our hotel portfolio to create long-term value for SVC's shareholders.”

With the addition of Ms. Cooney, SVC now has an eight-member board comprised of 75% Independent Trustees. Korn Ferry assisted SVC’s Nominating and Governance Committee in placing Ms. Cooney on SVC’s Board of Trustees.

About Service Properties Trust

SVC is a real estate investment trust with $9.7 billion invested in two asset categories: service-focused retail net lease properties and hotels. As of June 30, 2026, SVC owned 745 service-focused retail net lease properties with over 13.5 million square feet throughout the United States and 93 hotels with over 21,000 guest rooms throughout the United States, including Puerto Rico, and Canada. SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of June 30, 2026, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA. For more information, visit www.svcreit.com.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever SVC uses words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may” and negatives or derivatives of these or similar expressions, SVC is making forward-looking statements. These forward-looking statements are based upon SVC’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by SVC’s forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond SVC’s control. For example, this press release states that SVC is focused on improving the performance of its hotel portfolio to create long-term value for SVC’s shareholders. However, SVC may not be able to successfully improve the performance of its hotel portfolio or create long-term value for its shareholders.

The information contained in SVC’s filings with the Securities and Exchange Commission (the “SEC”), including under “Risk Factors” in SVC’s periodic reports, or incorporated therein, identifies other important factors that could cause SVC’s actual results to differ materially from those stated in or implied by SVC’s forward-looking statements. SVC’s filings with the SEC are available on the SEC's website at www.sec.gov.

You should not place undue reliance upon forward-looking statements.

Except as required by law, SVC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.