Service Properties Trust

Service Properties Trust is a real estate investment trust, which engages in the provision of hospitality and travel services. It operates through the following Hotel Investments and Net Lease Investments segments. The firm owns hotels and travel centers located throughout the U.S., Ontario, Canada, and Puerto Rico. The company was founded by Barry M. Portnoy on February 7, 1995 and is headquartered in Newton, MA.

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Service Properties Trust (SVC) reports strong Q4 performance and eyes growth opportunities in key markets

Service Properties Trust (SVC) delivered strong financial results in Q4 2022, driven by robust performance in its hotel portfolio and strategic initiatives to enhance operational efficiency.
Despite facing challenges in market conditions and operational transitions, SVC remains focused on capitalizing on growth opportunities through acquisitions and property renovations.
With a solid financial foundation and a proactive approach to managing assets, SVC is well-positioned to navigate market challenges and drive sustainable growth in the hospitality sector.

Service Properties Trust reports strong Q1 results amidst market challenges

SVC's Q1 2023 performance reflected strength in the hotel portfolio and operational improvements.
Challenges include tenant vacates impacting net lease rents and pending acquisitions.
Opportunities lie in exploring growth avenues, financing options, and market trends.
Overall, SVC showcased positive market positioning and financial resilience in Q1 2023.

Service Properties Trust (SVC) reports strong Q2 performance and strategic growth plans

Service Properties Trust (SVC) demonstrated robust performance in Q2, driven by strong hotel portfolio results and strategic financial management.
While facing challenges like inflation and labor costs, SVC's proactive approach to acquisitions and debt management positions them well for future growth.
Opportunities lie in optimizing operations, exploring growth in urban markets, and addressing financial concerns to sustain positive momentum.
Overall, SVC's focus on stability, growth, and financial prudence sets a solid foundation for continued success in the market.

Service Properties Trust (SVC) posts strong Q3 results amid evolving market dynamics

Service Properties Trust (SVC) reported solid Q3 results driven by hotel performance and positive business travel trends.
While facing challenges like debt maturities and operational integration, the company is leveraging strengths in brand loyalty and financial stability.
Opportunities lie in growing direct bookings, franchising efforts, and strategic debt management for long-term success.
Overall, SVC's focus on customer engagement and financial resilience positions them well for future growth and profitability.

Service Properties Trust reports mixed Q4 results, eyes growth opportunities

SVC navigated industry challenges with mixed performance across hotel segments.
Maintained strong financial metrics with a focus on operational efficiency and capital structure.
Balancing operational costs and revenue generation remains crucial for sustained growth.
Strategic initiatives and market positioning will be key to capitalizing on growth opportunities.

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NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today announced that Jesse Abair has been appointed as Vice President. Mr. Abair is a Vice President of The RMR Group (Nasdaq: RMR), where he leads a team responsible for the sourcing, underwriting, design, entitlement and leasing of all development projects managed by RMR. He has more than 15 years of experience in commercial real estate development. Prior to joining RMR in 2017, Mr. Abair was a partner at a Boston.

Service Properties Trust Appoints Jesse Abair as Vice President

Service Properties Trust's first quarter financial results showed a slight uptick in revenue, but a $72 million loss before taxes. The hotel segment is dragging due to declining occupancy rates, while the net lease portion is performing well but not enough to support corporate costs. The company's ability to generate cash flow and sustain its dividend is a primary concern, as operating cash flow dropped below zero in the first quarter.

Service Properties Trust: Lower Hotel Occupancy Renewing Dividend Concerns

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Investment Officer Todd Hargreaves together with Treasurer and Chief Financial Officer Brian Donley will be presenting at Nareit's REITweek 2024 Investor Conference in New York, NY on Wednesday, June 5, 2024 at 10:15 a.m. Eastern Time. A live audio webcast of the presentation will be available in a listen-only mode on the company's website at https://www.svcreit.com/investors/events-a.

Service Properties Trust to Present at Nareit's REITweek 2024 Investor Conference on Wednesday, June 5th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced the pricing of its previously announced cash tender offer, or the Offer, to purchase any and all of its outstanding $350,000,000 aggregate principal amount of 4.50% Senior Notes due 2025 (CUSIP No. 44106MAT9), or the Notes. The terms and conditions of the Offer are described in an Offer to Purchase and Consent Solicitation Statement, dated May 15, 2024. The total consideration, or the Total Consideration, for.

Service Properties Trust Announces Pricing of Tender Offer for its $350,000,000 Outstanding 4.50% Senior Notes Due 2025

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced the early tender results as of 5:00 p.m. Eastern Time on May 29, 2024, of its previously announced cash tender offer, or the Offer, to purchase any and all of its outstanding $350,000,000 aggregate principal amount of 4.50% Senior Notes due 2025 (CUSIP No. 44106MAT9), or the Notes, and a related consent solicitation, or the Consent Solicitation, for certain proposed amendments to the indenture governing the N.

Service Properties Trust Announces Early Tender Offer Results for its $350,000,000 Outstanding 4.50% Senior Notes Due 2025

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has priced underwritten public offerings of $700.0 million of 8.375% Senior Guaranteed Unsecured Notes due 2029 and $500.0 million of 8.875% Senior Guaranteed Unsecured Notes due 2032. Both series of notes will be guaranteed by certain of SVC's subsidiaries. The settlement of the offerings is expected to occur on June 3, 2024, subject to the satisfaction of customary closing conditions. SVC e.

Service Properties Trust Prices an Aggregate of $1.2 Billion of Senior Unsecured Notes

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has commenced a cash tender offer, or the Offer, to purchase any and all of its outstanding $350,000,000 aggregate principal amount of 4.50% Senior Notes due 2025 (CUSIP No. 44106MAT9), or the Notes, and a related consent solicitation for certain proposed amendments to the indenture governing the Notes, or the Indenture, as described below. The following table sets forth certain terms of the Offer: Ti.

Service Properties Trust Announces a Tender Offer for its $350,000,000 Outstanding 4.50% Senior Notes Due 2025

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Service Properties Trust (NASDAQ:SVC ) Q1 2024 Earnings Call Transcript May 8, 2024 10:00 AM ET Company Participants Stephen Colbert - Director of IR Todd Hargreaves - President and CIO Brian Donley - Treasurer and CFO Conference Call Participants Bryan Maher - B. Riley Securities Dori Kesten - Wells Fargo Tyler Batory - Oppenheimer Operator Good morning, and welcome to the Service Properties Trust First Quarter 2024 Earnings Conference Call.

Service Properties Trust (SVC) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Service Properties (SVC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Service Properties (SVC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended March 31, 2024, which can be found at the Quarterly Results section of SVC's website at https://www.svcreit.com/investors/financial-information/default.aspx. A conference call to discuss SVC's first quarter results will be held on Wednesday, May 8, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-5434 (if ca.

Service Properties Trust Announces First Quarter 2024 Results

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2024 results after the Nasdaq closes on Tuesday, May 7, 2024. On Wednesday, May 8, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer Brian Donley will host a conference call to discuss these results. The conference call telephone number is (877) 329-3720. Participants calling from.

Service Properties Trust First Quarter 2024 Conference Call Scheduled for Wednesday, May 8th

Service Properties Trust is a hybrid hotel and triple net REIT trading at a deep value multiple of 4.4X forward consensus FFO. Service Properties' interest expense will increase as cheap fixed rate debt matures and gets refinanced. Sonesta International Hotel Corporation is undervalued and underappreciated.

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Service Properties Trust (NASDAQ:SVC) Q4 2023 Earnings Conference Call February 29, 2024 11:00 AM ET

Service Properties Trust (SVC) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Service Properties (SVC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Service Properties (SVC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Service Properties (SVC) came out with quarterly funds from operations (FFO) of $0.30 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.44 per share a year ago.

Service Properties (SVC) Lags Q4 FFO Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended December 31, 2023, which can be found at the Quarterly Results section of SVC's website at https://www.svcreit.com/investors/financial-information/default.aspx. A conference call to discuss SVC's fourth quarter results will be held on Thursday, February 29, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-54.

Service Properties Trust Announces Fourth Quarter 2023 Results

Get a deeper insight into the potential performance of Service Properties (SVC) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Service Properties (SVC) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its fourth quarter 2023 results after the Nasdaq closes on Wednesday, February 28, 2024. On Thursday, February 29, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer Brian Donley will host a conference call to discuss these results. The conference call telephone number is (877) 329-3720. Participants.

Service Properties Trust Fourth Quarter 2024 Conference Call Scheduled for Thursday, February 29th

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News for Service Properties Trust Stock (SVC)