An update from Service Properties ( (SVC) ) is now available.
On March 12, 2025, Service Properties Trust announced its strategic initiatives aimed at optimizing its portfolio and financial position. The company reported a 4.2% growth in comparable Hotel RevPAR in Q4 2024 and completed the sale of eight hotels and three net lease properties for $51.1 million. Service Properties Trust plans to sell an additional 115 hotels, expecting to generate approximately $1.1 billion in proceeds, which will be used to address its 2026 debt maturities. The company also completed renovations at 28 hotels and appointed Chris Bilotto as President and CEO.
More about Service Properties
Service Properties Trust is a publicly traded real estate investment trust (REIT) primarily focused on investments in hotels and service-focused retail net lease properties. The company operates a diversified portfolio that includes 948 properties across 46 states, Washington, D.C., Puerto Rico, and Canada, generating significant cash flows from 22 industries and 145 brands.
YTD Price Performance: -5.14%
Average Trading Volume: 3,124,638
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $399.9M
For an in-depth examination of SVC stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com