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.

Earnings data Q1 2021

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Earnings data Q4 2024

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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Sweden's Central Bank reported a higher than expected 9.7% inflation rate in May, partly attributed to the impact of Beyonce's Renaissance Tour on hotel prices. The article explores the potential for hotel REITs to benefit from major concert tours, citing evidence of increased occupancy and room rates during Taylor Swift's Eras Tour. The article identifies Service Properties Trust and Apple Hospitality as the REITs with the most exposure to Swift's tour, suggesting they may see enhanced demand and profitability.

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NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its second quarter 2023 results after the Nasdaq closes on Monday, August 7, 2023. On Tuesday, August 8, 2023 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 f.

Service Properties Trust Second Quarter 2023 Conference Call Scheduled for Tuesday, August 8th

Service Properties (SVC) enters into a new secured $650 million revolving credit facility set to expire on Jun 29, 2027. The move replaces its prior $800 million facility and boosts financial flexibility.

Service Properties (SVC) Ups Flexibility With New Credit Facility

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has entered into a new $650 million secured revolving credit facility. The maturity date of the new facility is June 29, 2027, and includes two six-month extensions at the borrower's option. Interest paid on drawings under the new facility will be based on SOFR plus a margin ranging from 1.50% to 3.00% based on SVC's leverage ratio as defined in the agreement and will initially be 2.50%. The new facil.

Service Properties Trust Enters New $650 Million Credit Facility

Service Properties Trust is a REIT with a hotel portfolio and a net lease portfolio, offering a high dividend yield of 9.69%. The company has a high leverage with a net debt to EBITDA ratio of 9x and significant debt maturing in the next couple of years, raising concerns about its ability to meet debt obligations. However, the high dividend might appeal to potential investors who are willing to take the risk.

Service Properties Trust: High Dividend But Balance Sheet A Concern

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has elected Rajan Penkar to its Board as an Independent Trustee, effective immediately. With the addition of Mr. Penkar, SVC's Board now has eight Trustees, including six independent Trustees, two of whom are women, and two of whom are members of underrepresented communities. Mr. Penkar has served as president and founder of Supply Chain Advisory Services, LLC, which provides e-commerce and omni-chann.

Service Properties Trust Elects Rajan Penkar to Board of Trustees

Service Properties (SVC) expands into Miami's South Beach market by acquiring Nautilus Hotel for $165.4 million or roughly $661,600 per key as part of its portfolio expansion strategy.

Service Properties (SVC) Expands Miami Footprint With Buyout

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NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) announced today that it has acquired the 250-room Nautilus Hotel located at 1825 Collins Avenue, Miami Beach, FL for $165.4 million, or approximately $661,600 per key. The Nautilus is a lifestyle oceanfront hotel located in Miami's South Beach neighborhood with 250 guestrooms, including 55 suites, four food and beverage outlets, outdoor pool, spa, fitness center and 17,500 SF of flexible outdoor and indoor event space. The h.

Service Properties Trust Acquires Nautilus Hotel in South Beach Miami

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer and Treasurer Brian Donley will be presenting at Nareit's REITweek 2023 Investor Conference in New York, NY on Wednesday, June 7, 2023 at 11:00 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-and-present.

Service Properties Trust to Present at Nareit's REITweek 2023 Investor Conference on Wednesday, June 7th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) announced today that BP p.l.c. (NYSE: BP) completed its acquisition of TravelCenters of America Inc. on May 15, 2023, and the previously announced amended lease terms between SVC and BP are now in effect. SVC received $379.3 million in cash as part of the transaction, including $188.0 million in prepaid rent from BP, $101.9 million in merger consideration for the 7.8% of the outstanding TA shares owned by SVC, and $89.4 mill.

Service Properties Trust Completes Transaction with BP in Connection with BP's Acquisition of TravelCenters of America Inc.

Service Properties (SVC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -16.41% in 4 Weeks, Here's Why Service Properties (SVC) Looks Ripe for a Turnaround

Service Properties Trust (NASDAQ:SVC ) Q1 2023 Earnings Conference Call May 9, 2023 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 Operator Good morning, and welcome to the Service Properties Trust First Quarter 2023 Earnings Conference Call.

Service Properties Trust (SVC) Q1 2023 Earnings Call Transcript

Service Properties (SVC) came out with quarterly funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to loss of $0.02 per share a year ago.

Service Properties (SVC) Q1 FFO Lag Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended March 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 will be held on Tuesday, May 9, 2023 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720. Participants calling from outside the United States and Canada sh.

Service Properties Trust Announces First Quarter 2023 Results

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NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has rescheduled the release of its first quarter 2023 financial results, previously scheduled for Tuesday, May 9, 2023, to after the Nasdaq close on Monday, May 8, 2023. It will now host a conference call on Tuesday, May 9, 2023 at 10:00 a.m. Eastern Time, with President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer Brian Donley discussing first quarter results. The conferen.

Service Properties Trust First Quarter 2023 Conference Call Rescheduled for Tuesday, May 9th at 10:00 a.m. ET

Hotel RevPAR continues to grow, with occupancy and room rates on the rise. Net lease portfolio gets a timely boost from the acquisition of TravelCenters by BP.

Service Properties Trust: Switching To Buy Mode

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2023 results after the Nasdaq closes on Tuesday, May 9, 2023. On Wednesday, May 10, 2023 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.

Service Properties Trust First Quarter 2023 Conference Call Scheduled for Wednesday, May 10th

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Here Is Why Bargain Hunters Would Love Fast-paced Mover Service Properties (SVC)

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Service Properties Trust (NASDAQ:SVC ) Q4 2022 Earnings Conference Call March 1, 2023 10:00 AM ET Company Participants Stephen Colbert - Director of Investor Relations Todd Hargreaves - President and Chief Investment Officer Brian Donley - Treasurer and Chief Financial Officer Conference Call Participants Bryan Maher - B. Riley Securities Tyler Batory - Oppenheimer Dori Kesten - Wells Fargo Operator Good morning, and welcome to the Service Properties Trust Fourth Quarter 2022 Earnings Conference Call.

Service Properties Trust (SVC) Q4 2022 Earnings Call Transcript

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended December 31, 2022. Todd Hargreaves, President and Chief Investment Officer of SVC, made the following statement: “We are encouraged by the improved hotel fundamentals that we experienced throughout 2022 and expect that further progress will occur in 2023. Comparable hotel RevPAR for the fourth quarter increased by 21.

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