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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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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Service Properties (SVC) delivered FFO and revenue surprises of 35.00% and -1.43%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Service Properties (SVC) Q3 FFO Top Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended September 30, 2021. John Murray, President and Chief Executive Officer of SVC, made the following statement: “The third quarter marked a period of continued recovery for SVC's hotel portfolio. SVC's monthly hotel EBITDA has been positive since April and increased 71.0% versus the second quarter. Over the same period, portfolio-wide occupancy increased to 60.1% from

Service Properties Trust Announces Third Quarter 2021 Results

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Small and midcap travel stocks have lagged larger mainstream travel companies by as much as -20% through October 2021.

Small And Midcap Travel Turnarounds

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it reached an agreement with a subsidiary of Radisson Hospitality, Inc., or Radisson, to amend their previous management agreement for nine hotels owned by subsidiaries of SVC. Under the amended agreement, Radisson will continue to manage eight of the hotels, including five Radisson Hotels and Resorts and three Country Inn & Suites by Radisson, for a 10-year term effective as of August 1, 20

Service Properties Trust Amends Management Agreement with Radisson

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its third quarter 2021 results after the Nasdaq closes on Thursday, November 4, 2021. On Friday, November 5, 2021 at 10:00 a.m. Eastern Time, President and Chief Executive Officer John Murray, Chief Financial Officer Brian Donley and Chief Investment Officer Todd Hargreaves will host a conference call to discuss these results. The conference call telephone number

Service Properties Trust Third Quarter 2021 Conference Call Scheduled for Friday, November 5th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, announced today that it has amended its business management agreement with The RMR Group LLC, or RMR LLC, a majority-owned subsidiary of The RMR Group Inc. (Nasdaq RMR), to replace the benchmark index used in the calculation of incentive management fees. Pursuant to the amendment, for periods beginning on and after August 1, 2021, the MSCI U.S. REIT/Hotel & Resort REIT Index will replace the discontinued SNL U.S

Service Properties Trust Announces Changes to the Benchmark Index for its Business Management Agreement with The RMR Group LLC

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The COVID delta variant has caused a slowdown in the August/September forward bookings for airlines and online travel agencies (OTAs).

Economic Recovery Stocks For A Turnaround

Service Properties Trust was hit hard by the COVID-19 pandemic, and the picture facing the company has been better.

Service Properties Trust: The Turnaround Is In Progress

Service Properties Trust (SVC) CEO John Murray on Q2 2021 Results - Earnings Call Transcript

Service Properties (SVC) delivered FFO and revenue surprises of -5.88% and 6.38%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Service Properties (SVC) Lags Q2 FFO Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended June 30, 2021. John Murray, President and Chief Executive Officer of SVC, made the following statement: “The second quarter marked a period of solid recovery for SVC's hotel portfolio. Despite the continued headwinds from the COVID-19 pandemic, and after the disruption of the past two quarters as a result of converting 200 hotels to Sonesta brands and management, we

Service Properties Trust Announces Second Quarter 2021 Results

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its second quarter 2021 results after the Nasdaq closes on Thursday, August 5, 2021. On Friday, August 6, 2021 at 10:00 a.m. Eastern Time, President and Chief Executive Officer John Murray, Chief Financial Officer Brian Donley and Chief Investment Officer Todd Hargreaves will host a conference call to discuss these results. The conference call telephone number is

Service Properties Trust Second Quarter 2021 Conference Call Scheduled for Friday, August 6th

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The REIT sector has achieved gains in every month of 2021 thus far, including a +1.77% average total return in May. Micro cap REITs (+12.2%) rebounded in May after a couple of rough months to significantly outperform their larger peers. Mid caps (-0.03%) narrowly failed to extend their gains.

The State Of REITs: June 2021 Edition

NEWTON, Mass., June 7, 2021 /PRNewswire/ -- Sonesta International Hotels Corporation (Sonesta) today announced the addition of five hotels to the Sonesta Select hotel brand and its global hotel portfolio.

Sonesta's Growth Continues With Addition Of Five U.S. Hotels

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it reached an agreement with a subsidiary of Hyatt Hotels Corporation, or Hyatt, to amend their previous management agreement for 22 Hyatt Place hotels owned by subsidiaries of SVC. Under the amended agreement, Hyatt will continue to manage 17 of the hotels for a 10-year term effective as of April 1, 2021. Among other terms, the new agreement with Hyatt provides as follows: SVC's owner's priorit

Service Properties Trust Amends Management Agreement with Hyatt

Shares are still trading about where they were on the day after Pfizer announced their vaccine results, simply remarkable given the huge moves by virtually every other travel stock since. Since then, we've vaccinated 62% of adults, TSA numbers have doubled, COVID-19 cases have dropped by 80%, and May occupancy has reached Q1-2020 levels, yet this stock has not moved.

Service Properties Trust: The Last Undervalued Travel Stock

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Executive Officer John Murray, Chief Financial Officer and Treasurer Brian Donley and Vice President and Chief Investment Officer Todd Hargreaves will be presenting at Nareit's REITweek: 2021 Virtual Investor Conference on Wednesday, June 9, 2021 at 8:00 a.m. Eastern Time. To access the Company's live presentation, please complete the complimentary registration for the conference at t

Service Properties Trust to Present at Nareit's REITweek: 2021 Virtual Investor Conference on Wednesday, June 9th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has completed the previously announced sale of five former Hawthorn Suites branded hotels with 430 rooms and a net carrying value of $10.7 million for an aggregate sales price of $22.3 million, excluding closing costs. The proceeds from the sale will be used for general business purposes. About Service Properties Trust Service Properties Trust is a real estate investment trust which owns a di

Service Properties Trust Completes the Sale of Five Hotels for $22.3 Million

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that Chief Executive Officer John Murray, Chief Financial Officer Brian Donley and Chief Investment Officer Todd Hargreaves will be presenting at the Janney Montgomery Scott Virtual Real Estate & Lodging Conference on Wednesday, May 26, 2021, at 1:45 p.m. Eastern Time. The presentation will be webcast live and available for replay here and via the investor relations section of the Company's website at htt

Service Properties Trust to Present at the Janney Montgomery Scott Virtual Real Estate & Lodging Conference on May 26th

Service Properties Trust (SVC) CEO John Murray on Q1 2021 Results - Earnings Call Transcript

Service Properties (SVC) delivered FFO and revenue surprises of -1400.00% and -6.23%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Service Properties (SVC) Reports Q1 Loss, Lags Revenue Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended March 31, 2021. John Murray, President and Chief Executive Officer of SVC, made the following statement: “The first quarter marked a continued period of transition for SVC's hotel portfolio. We converted an additional 88 hotels to Sonesta brands and management during the first quarter, following the conversion of 112 hotels during the fourth quarter of 2020. We expe

Service Properties Trust Announces First Quarter 2021 Results

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2021 results after the Nasdaq closes on Friday, May 7, 2021. On Monday, May 10, 2021 at 10:00 a.m. Eastern Time, President and Chief Executive Officer John Murray, Chief Financial Officer Brian Donley and Chief Investment Officer Todd Hargreaves will host a conference call to discuss these results. The conference call telephone number is (877) 32

Service Properties Trust First Quarter 2021 Conference Call Scheduled for Monday, May 10th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has reached an agreement with a subsidiary of Hyatt Hotels Corporation, or Hyatt, to extend the termination date of the management agreement for 22 Hyatt Place hotels to May 22, 2021, versus April 8, 2021, previously. SVC and Hyatt remain in discussions regarding possible changes to the management agreement which may enable some or all of the hotels to remain Hyatt Place hotels managed by Hya

Service Properties Trust and Hyatt Agree to Extend Termination Date

Service Properties Trust has seen a lot of pain as a result of the COVID-19 pandemic. Even so, the company is holding up fairly well, and it should eventually recover.

Service Properties Trust: A Value Play For Long-Term Investors

News for Service Properties Trust Stock (SVC)