Every 8-K that Service Properties Trust (SVC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SVC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SVC filings page.
Service Properties Trust, a REIT focused on service-oriented net lease properties and hotels, reported results for the quarter ended June 30, 2026. It recorded a net loss of $223.8 million, or $1.75 per share, largely due to a $189.1 million impairment on hotels being marketed for sale. Normalized FFO was $55.0 million, or $0.43 per share, and Adjusted EBITDAre was $145.8 million. The board declared a quarterly common distribution of $0.05 per share.
The net lease portfolio generated NOI of $94.9 million, up 1.4% year over year, with occupancy of 96.6% and rent coverage of 2.09x. For retained hotels, RevPAR was $134.53, a 6.6% year-over-year increase, and Adjusted Hotel EBITDA was $56.9 million, up 4.2%, reflecting benefits from recent renovations.
Capital recycling remained active: during the second quarter SVC sold 17 net lease properties for $12.2 million, invested $30.5 million in capital expenditures and acquired one net lease asset. Since July 1, 2026 it sold one 133-key hotel for $18.4 million and agreed to sell 13 additional hotels for $98.4 million. SVC raised $541.8 million of net proceeds in a common share offering and used this, with cash on hand, to redeem $550.0 million of 2027 senior notes, and had no borrowings under its $650 million revolving credit facility as of August 5, 2026. Full-year 2026 guidance includes Normalized FFO per share of $1.20–$1.35.
Service Properties Trust implemented a reverse share split of its common shares on July 6, 2026. Every five common shares of beneficial interest, par value $0.01 per share, were converted into one common share of beneficial interest, par value $0.05 per share, effective at 4:01 p.m. Eastern Time, with cash paid in lieu of fractional shares.
At 4:02 p.m. Eastern Time, the par value of the common shares was changed back to $0.01 per share. The transaction reduced the number of issued and outstanding common shares from approximately 647.64 million to approximately 129.53 million, while leaving each record holder’s percentage ownership generally unchanged, other than minor effects from cash in place of fractional shares. The common shares now trade under a new CUSIP number, 81761L 201.
Service Properties Trust reported that shareholders approved the Third Amended and Restated 2012 Equity Compensation Plan. The plan increases by 4,000,000 the common shares available for equity awards and extends the plan’s term until June 11, 2036. Trustees, officers, employees of The RMR Group LLC, and certain service providers are eligible for awards.
At the same annual meeting, shareholders elected seven trustees to one‑year terms. They also approved a non-binding advisory vote on executive compensation with 93,864,625 votes for and ratified Deloitte & Touche LLP as independent auditors with 117,966,231 votes for. The equity plan itself received 90,434,074 votes in favor.
Service Properties Trust furnished an investor presentation detailing its strategic shift toward a predominantly necessity-based retail net lease REIT and updated 2026 outlook. The company highlighted a total portfolio of 854 properties, including 761 net lease assets generating $392 million of annualized minimum rent and 93 hotels with $1.3 billion of annual revenues for the LTM ended March 31, 2026.
Management reported that year‑to‑date RevPAR through April rose 6.8%, with its 78 retained hotels up 7.5%. For full year 2026, guidance calls for Adjusted EBITDAre between $500 million and $520 million and Normalized FFO between $110 million and $130 million, implying $0.24–$0.27 per share after the April equity offering. The presentation also notes about $1.6 billion of 2026 capital markets activity to date, including a $542 million common equity raise and $1.55 billion of unsecured debt redemptions, driving projected annual cash interest savings of $59 million and expected positive 2026 cash available for distribution.
Service Properties Trust reported a first quarter 2026 net loss of $151.2 million, or $(0.91) per share, on total revenues of $364.5 million. Normalized FFO was $7.4 million, or $0.04 per share, and Adjusted EBITDAre reached $107.5 million.
The REIT declared a quarterly common distribution of $0.01 per share. Hotel performance produced RevPAR of $103.90 and Adjusted Hotel EBITDA of $17.9 million, while the net lease portfolio generated NOI of $92.4 million with 96.6% occupancy and 2.01x rent coverage.
To reshape its balance sheet, SVC completed a $745 million net lease asset-backed securitization at a 5.96% weighted average coupon and redeemed $1.0 billion of higher-coupon notes in the quarter. In April 2026, it issued 479.2 million common shares at $1.20, raising about $542.3 million used to retire an additional $550 million of notes. The company now has no borrowings on its $650 million revolver and guides 2026 Adjusted EBITDAre of $500–$520 million and Normalized FFO of $124–$144 million, or $0.24–$0.27 per share.
Service Properties Trust entered an underwriting agreement for an underwritten public offering of 416,666,667 common shares at $1.20 per share, for aggregate gross proceeds of $500,000,000. The company plans to use the net proceeds, with cash on hand, to redeem $100 million of its 4.95% Senior Notes due 2027 and $370 million of its 5.50% Senior Notes due 2027 if the underwriters do not exercise their option for 62,500,000 additional shares.
The company increased its authorized common shares from 200 million to 900 million and granted underwriters a 30-day option to purchase the additional shares. Key investors and insiders, including Helix Partners, The RMR Group LLC and certain trustees and executives, agreed to buy specified portions of the offering at the public price. Officers, directors and the manager are subject to 90-day lock-up restrictions on share sales.
Service Properties Trust filed updated unaudited pro forma financial statements reflecting the sale of 105 hotels with 13,758 keys for a combined sales price of $820.3 million, excluding closing costs. These hotels are part of previously announced agreements to sell 113 hotels for $913.3 million.
The pro forma balance sheet as of December 31, 2025 assumes one additional hotel sale from the 35-hotel portfolio had closed by that date, while the statement of loss for 2025 assumes all 105 hotel sales were effective from January 1, 2025. Pro forma net loss for 2025 is $228,154,000, or $1.37 per share, compared with a historical net loss of $202,321,000, or $1.22 per share.
SVC is also remarketing eight remaining hotels with 1,045 keys that had been under contract for $93.0 million, excluding closing costs. Management emphasizes that the pro forma figures are for informational purposes only and are not necessarily indicative of future results.
Service Properties Trust reported fourth quarter 2025 total revenues of $397.5 million and a small net loss of $0.8 million, or $0.00 per share. Normalized FFO was $27.5 million, or $0.17 per share, and Adjusted EBITDAre reached $125.6 million.
The hotel portfolio generated RevPAR of $99.24 and Adjusted Hotel EBITDA of $27.9 million, while the net lease portfolio was 96.6% occupied with rent coverage of 1.98x as of December 31, 2025. In 2025 the company sold 112 hotels for $858.8 million and used these proceeds and cash to redeem all $800 million of 2026 debt maturities and $300 million of February 2027 notes.
For full year 2026, guidance calls for Hotel EBITDA of $124–$144 million, net lease NOI of $380–$386 million, Adjusted EBITDAre of $500–$520 million, and Normalized FFO of $110–$130 million, or $0.65–$0.77 per share, with planned capital expenditures of $120–$140 million. As of December 31, 2025, SVC had approximately $10 billion invested in 760 service-focused net lease properties and 94 hotels totaling over 21,000 rooms.
Service Properties Trust announced a new asset-backed financing and a major debt redemption. Its special purpose subsidiaries agreed to sell $745.0 million of Net-Lease Mortgage Notes – Series 2026-1 in three classes, with interest rates of 5.157% for Class A, 5.795% for Class B and 7.549% for Class M. The notes are expected to mature in March 2031 and may be redeemed at par beginning in March 2029.
The notes will be non-recourse and secured by 472 net lease retail properties, including 158 properties contributed in connection with this transaction. Net proceeds are expected to be about $730.0 million, to be used for debt repayment and general corporate purposes. The company also delivered notice to redeem all outstanding 8.375% Senior Guaranteed Unsecured Notes due 2029, totaling $700.0 million, with redemption expected on or about March 7, 2026, funded from the ABS transaction.
Service Properties Trust reports the sale of one hotel with 133 keys for $7.1 million, continuing its broader hotel disposition strategy. This sale is part of previously announced agreements to sell 113 hotels with 14,803 keys for a combined $913.3 million, excluding closing costs.
Since January 1, 2025, the company has sold 105 of these hotels with 13,758 keys for $820.3 million and eight additional hotels with 1,006 keys for $45.6 million. As of January 22, 2026, aggregate hotel disposition proceeds total $865.9 million, which the company has previously stated it expects to use to repay debt.
The company has sold all 35 hotels in a defined 35-hotel portfolio considered significant dispositions and has filed unaudited pro forma condensed consolidated financial statements as Exhibit 99.1 to show how its balance sheet and results of operations would look as if these sales had occurred earlier.
Service Properties Trust sold five hotels with a total of 679 keys on December 10, 2025 for a combined sales price of $47.2 million, excluding closing costs. This transaction is part of previously agreed sales of 113 hotels, or the Sale Hotels, for a combined $913.3 million, excluding closing costs.
Since January 1, 2025 the company has sold 98 of the Sale Hotels with 12,755 keys for $722.7 million and eight other hotels with 1,006 keys for $45.6 million, all excluding closing costs. It remains under agreement to sell eight Sale Hotels with 1,158 keys for $102.4 million, which are expected to close in phases, with seven hotels by the end of 2025 and one in early 2026.
SVC has terminated the agreement to sell seven Sale Hotels representing $88.2 million of the aggregate Sale Hotels price and is evaluating alternative buyers or potential remarketing. Upon completion of the remaining eight sales, aggregate proceeds from hotel dispositions would total $870.7 million, excluding closing costs, which SVC expects to use to repay debt. The company also provided unaudited pro forma financial statements reflecting these significant hotel dispositions.
Service Properties Trust reports completion of major hotel sales under previously announced disposition agreements. On November 18, 2025, the company sold 31 hotels with 3,734 keys in 18 states for $198.7 million, excluding closing costs, from its 35 Hotel Sale Portfolio, and on November 19, 2025 it sold three hotels with 357 keys in three states for $26.0 million, excluding closing costs, from its 45 Hotel Sale Portfolio. In total, SVC has sold 85 of the Sale Hotels with 11,038 keys for $618.5 million, excluding closing costs, and remains under agreement to sell 28 additional Sale Hotels with 3,765 keys for $294.8 million, expected to close in phases by the end of 2025. The company reiterates that it expects to use sale proceeds to repay debt and provides unaudited pro forma financial statements for each sale portfolio as exhibits to illustrate the impact as if the sales had occurred earlier.
Service Properties Trust (SVC) completed the sale of seven hotels with a total of 839 keys in five states for $48.0 million, excluding closing costs, under its broader plan to dispose of 113 hotels. To date, it has sold 51 of these hotels with 6,947 keys for a combined $393.8 million, and remains under agreement to sell 62 additional hotels with 7,856 keys for $519.5 million, for total planned sales of $913.3 million, all figures excluding closing costs.
The remaining 62 hotels are expected to be sold in phases by the end of 2025, and SVC reiterates that it expects to use the sale proceeds to repay debt. Because 22 hotel sales within a 45-hotel portfolio meet the definition of significant dispositions, SVC has provided unaudited pro forma condensed consolidated financial statements as of September 30, 2025 and for earlier periods to show how these sales would have affected its balance sheet and results of operations.
Service Properties Trust furnished materials announcing its financial results for the quarter and nine months ended September 30, 2025. The company issued a summary press release and a detailed earnings presentation on November 5, 2025.
The documents were provided as Exhibits 99.1 (summary press release) and 99.2 (earnings presentation) to the Form 8-K. The company’s common shares trade on Nasdaq under the symbol SVC.
Service Properties Trust (SVC) completed the sale of three hotels totaling 390 keys for $29.0 million, excluding closing costs. The transactions are part of previously announced agreements to sell 113 hotels with 14,803 keys for $913.3 million, excluding closing costs. To date, SVC has sold 44 hotels with 6,108 keys for $345.8 million, and remains under agreement to sell 69 hotels with 8,695 keys for $567.5 million, with remaining sales expected to be completed by the end of 2025.
SVC states it expects to use sale proceeds to repay debt. The company also filed unaudited pro forma financial information for the 45 Hotel Sale Portfolio reflecting sales completed through October 29, 2025, to help illustrate the potential effects on its balance sheet and operating results.
Service Properties Trust (SVC) reported the sale of one California hotel with 152 keys for $27.5 million, excluding closing costs. The transaction is part of previously announced agreements to sell 113 hotels with a total of 14,803 keys for a combined $913.3 million, excluding closing costs.
To date, SVC has sold 41 of these hotels totaling 5,718 keys for $316.8 million. The company remains under agreement to sell the remaining 72 hotels with 9,085 keys for $596.5 million, with sales to be completed in phases and expected by the end of 2025. SVC expects to use sale proceeds to repay debt.
Fifteen sales within the 45 Hotel Sale Portfolio constitute significant dispositions, and SVC filed unaudited pro forma financial statements as Exhibit 99.1, presenting a pro forma balance sheet as of June 30, 2025 and pro forma statements of loss for the year ended December 31, 2024 and the six months ended June 30, 2025.
Service Properties Trust (SVC) reported the sale of two hotels totaling 235 keys for $10.0 million, excluding closing costs. This transaction is part of previously announced agreements to sell 113 hotels with 14,803 keys for a combined $913.3 million, excluding closing costs.
To date, SVC has sold 40 hotels with 5,566 keys for $289.3 million, and remains under agreement to sell 73 hotels with 9,237 keys for $624.0 million. The remaining sales will occur in phases and are expected to be completed by the end of 2025. As previously disclosed, SVC expects to use the proceeds to repay debt. SVC also filed unaudited pro forma financial information for a subset of these sales (the 45 Hotel Sale Portfolio) as Exhibit 99.1 to help illustrate the financial impact of completed dispositions.
Service Properties Trust (SVC) filed an 8-K reporting unaudited pro forma condensed consolidated financial statements related to the 45 Hotel Sale Portfolio. The pro forma balance sheet is presented as of June 30, 2025 and the pro forma statements of loss cover the year ended December 31, 2024 and the six months ended June 30, 2025. The pro forma figures treat the 12 hotels that sold through September 30, 2025 as if those dispositions were completed on the earlier measurement dates to show the company’s financial position and results had the sales occurred earlier. SVC notes these statements are unaudited and not necessarily predictive of future results, and it warns the pending sales remain subject to conditions so timing, terms and the use of proceeds may change.
Service Properties Trust (SVC) filed a Current Report disclosing unaudited pro forma condensed consolidated financial statements that treat the pending sales of certain hotels as if they were completed as of June 30, 2025 for the balance sheet and as if completed as of January 1, 2024 for the statements of loss. The filing notes these pro forma statements are included as Exhibit 99.1 and are intended to show SVC's financial position and results on a sale-completed basis, but stresses they are not necessarily indicative of future actual results. The report also warns the pending hotel sales remain subject to conditions and may be delayed, altered or not completed, and that actual results could differ materially for many reasons.
Service Properties Trust filed a Current Report on Form 8-K disclosing forward-looking statements and noting that the sales of its remaining "Sale Hotels" are pending and subject to conditions. The company warns those sales may be delayed, may not occur, the terms could change, and proceeds may not be used as currently expected. The filing emphasizes reliance on risks described in the company's annual report for the fiscal year ended 2024 and tells readers not to place undue reliance on forward-looking statements.
Service Properties Trust filed an 8-K reporting two material hotel dispositions and attached unaudited pro forma condensed consolidated statements showing how SVC's financials would look if those sales had closed earlier. The filings include Exhibit 99.1 (reflecting the First Significant Disposition) and Exhibit 99.2 (reflecting the Second Significant Disposition), each prepared on a pro forma basis: balance sheet effects as of June 30, 2025 and results of operations as if the sales occurred beginning January 1, 2024 (with pro forma results through the six months ended June 30, 2025 and for the year ended December 31, 2024). The exhibits are explicit that each pro forma statement omits the other disposition and that these statements are not necessarily predictive of future financial position or operating results.
Service Properties Trust completed a private offering of zero coupon senior secured notes due 2027 with an aggregate principal amount at maturity of $580,155,000. The notes were sold at an initial accreted value of $861.84 per $1,000 principal amount, generating approximately $490.0 million in net proceeds.
The company intends to use these proceeds to redeem in full its outstanding 4.750% senior notes due 2026 with principal of $450.0 million and to reduce borrowings under its revolving credit facility. The notes accrete at 7.50% per year to maturity on September 30, 2027, and the company may extend maturity to September 30, 2028, in which case cash interest of 7.50% to 8.00% per annum would be payable. The notes are fully and unconditionally guaranteed by specified subsidiaries and secured by first-priority liens on the equity of certain property-owning subsidiaries, and include restrictive financial and operating covenants.
Service Properties Trust completed the sale of two hotels with a total of 318 keys on September 16, 2025 for a combined sales price of $25.0 million, excluding closing costs. These properties are part of a broader plan to sell 113 hotels with 14,803 keys for $913.3 million, excluding closing costs. To date, SVC has sold nine of these hotels with 1,313 keys for $88.9 million and remains under agreement to sell 104 hotels with 13,490 keys for $824.4 million, excluding closing costs. The remaining hotels are expected to be sold in phases by the end of 2025, and SVC has previously stated it expects to use the sale proceeds to repay debt, including amounts outstanding under its revolving credit facility.
Service Properties Trust entered a material management agreement with Sonesta International Hotels Corporation to manage certain hotel subsidiaries. The agreement sets a base management fee of 3.0% of gross revenues for full-service hotels and 5.0% for extended stay and select service hotels. Sonesta will also receive an incentive fee equal to 20% of EBITDA above an incentive threshold (subject to a cap) beginning with the 2026 calendar year, a 3.5% brand promotion fee on gross room revenues, a loyalty fee based on gross or qualified room revenues (tiered by hotel type), annual centralized service fees of $1,100,000 (full-service) or $250,000 (extended/select) adjusted by CPI, and a 3% construction management fee on managed capital expenditures.
The trust must fund hotel capital expenditures and maintain minimum working capital tied to room counts. Termination rights exist for events of default, casualty/condemnation, and if minimum performance thresholds are missed for two consecutive years starting with the measurement period beginning in 2028. The representative form of the management agreement is filed as Exhibit 10.1.