Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Service Properties Trust reports a disclosed 55,700,000-share ownership stake. Helix Strategic Fund directly holds 55,700,000 Common Shares, representing 8.6% of the class based on 647,221,237 shares outstanding. The outstanding total is described as 584,721,237 plus 62,500,000 shares issued upon exercise of the underwriters' option.
The filing lists Helix Partners Management, MMD Holdings Ltd and Jonathan Heller as related reporting persons and shows shared voting and dispositive power over the disclosed shares.
Key Figures
Reported holding:55,700,000 sharesPercent of class:8.6%Shares outstanding (total):647,221,237 shares+2 more
5 metrics
Reported holding55,700,000 sharesDirectly held by Helix Strategic Fund
Percent of class8.6%Based on 647,221,237 shares outstanding
Shares outstanding (total)647,221,237 sharesComposite of prospectus supplement and underwriter option exercise
Prospectus supplement outstanding584,721,237 sharesReported in Issuer's prospectus supplement
Underwriters' option shares62,500,000 sharesIssued upon exercise of underwriters' option per press release
"the names of the persons filing this report (collectively, the "Reporting Persons") with respect to the Common Shares"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
underwriters' optionmarket
"62,500,000 Common Shares issued upon the exercise of the underwriters' option"
An underwriters' option is a short-term right given to the banks handling a new stock or bond sale to buy extra shares from the issuer, usually up to a fixed percentage, to stabilize the price after the offering. For investors this acts like a safety valve: it can reduce wild price swings by allowing underwriters to add or return shares as demand changes, which helps prevent a newly issued security from falling or spiking sharply.
beneficially ownedregulatory
"Amount beneficially owned: The information required by this item with respect to each Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Helix Strategic Fund report in Service Properties Trust (SVC)?
Helix Strategic Fund reports ownership of 55,700,000 Common Shares, equal to 8.6% of the class based on 647,221,237 shares outstanding described in the filing.
How is the 647,221,237 shares outstanding figure composed in the SCHEDULE 13G?
The filing states outstanding shares comprise 584,721,237 reported in the prospectus supplement and 62,500,000 issued upon exercise of the underwriters' option, totaling 647,221,237.
Which entities or individuals are named as reporting persons for the SVC 13G?
The report names Helix Partners Management LP, Helix Strategic Fund LP, MMD Holdings Ltd, and Jonathan Heller as the collective Reporting Persons.
What voting and dispositive powers are disclosed over the 55,700,000 shares?
The cover rows show 0 sole voting/dispositive power and 55,700,000 shared voting and shared dispositive power for the reporting group over the disclosed shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SERVICE PROPERTIES TRUST
(Name of Issuer)
Common Shares of Beneficial Interest
(Title of Class of Securities)
81761L102
(CUSIP Number)
04/01/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
81761L102
1
Names of Reporting Persons
Helix Partners Management LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
55,700,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
55,700,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
55,700,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
81761L102
1
Names of Reporting Persons
Helix Strategic Fund LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
55,700,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
55,700,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
55,700,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
81761L102
1
Names of Reporting Persons
MMD Holdings Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
55,700,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
55,700,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
55,700,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
81761L102
1
Names of Reporting Persons
Jonathan Heller
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
55,700,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
55,700,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
55,700,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
SERVICE PROPERTIES TRUST
(b)
Address of issuer's principal executive offices:
Two Newton Place, 255 Washington Street, Suite 300, Newton, MA 02458
Item 2.
(a)
Name of person filing:
The names of the persons filing this report (collectively, the "Reporting Persons") with respect to the Common Shares of Beneficial Interest (the "Common Shares") of SERVICE PROPERTIES TRUST (the "Issuer") are:
(i) Helix Partners Management LP ("Helix Partners")
(ii) Helix Strategic Fund LP ("Helix Strategic Fund")
(iii) MMD Holdings Ltd ("MMD")
(iv) Jonathan Heller
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is:
Helix Partners and Mr. Heller: 545 Madison Avenue, 8th Floor, New York, NY 10022
Helix Strategic Fund and MMD: Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands
(c)
Citizenship:
Helix Partners is a Delaware limited partnership. Helix Strategic Fund is a Cayman Islands exempted limited partnership. MMD is an exempted limited company organized under the law of the Cayman Islands. Mr. Heller is a United States citizen.
(d)
Title of class of securities:
Common Shares of Beneficial Interest
(e)
CUSIP Number(s):
81761L102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by this item with respect to each Reporting Person is set forth in rows 5 through 9 of the cover pages to this Schedule 13G. Helix Strategic Fund directly holds 55,700,000 Common Shares. MMD is the general partner of Helix Strategic Fund. Helix Partners is the investment manager of Helix Strategic Fund. Mr. Heller is the Chief Executive Officer of Helix Partners.
(b)
Percent of class:
The information required by this item with respect to each Reporting Person is set forth in row 11 of the cover pages to this Schedule 13G. The ownership percentages are based on 647,221,237 Common Shares outstanding, comprised of (i) 584,721,237 Common Shares outstanding, as reported in the Issuer's prospectus supplement filed pursuant to Rule 424(b)(5) with the Securities and Exchange Commission on April 2, 2026, and (ii) 62,500,000 Common Shares issued upon the exercise of the underwriters' option, as reported in the Issuer's press release dated April 2, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by this item with respect to each Reporting Person is set forth in row 5 of the cover pages to this Schedule 13G.
(ii) Shared power to vote or to direct the vote:
The information required by this item with respect to each Reporting Person is set forth in row 6 of the cover pages to this Schedule 13G.
(iii) Sole power to dispose or to direct the disposition of:
The information required by this item with respect to each Reporting Person is set forth in row 7 of the cover pages to this Schedule 13G.
(iv) Shared power to dispose or to direct the disposition of:
The information required by this item with respect to each Reporting Person is set forth in row 8 of the cover pages to this Schedule 13G.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
