Service Properties Trust

Service Properties Trust (NASDAQ: SVC) operates as a real estate investment trust focused on acquiring, owning and managing service-oriented properties across the United States and select international locations. The company maintains its principal web presence at www.svcreit.com.

The trust operates through two primary segments: net lease investments and hotel investments. As of December 31, 2025, Service Properties Trust owned 760 service-focused retail net lease properties comprising approximately 13.6 million square feet across 42 states, along with 94 hotels containing 21,243 rooms or suites located in 31 states, the District of Columbia, Ontario Canada, and San Juan, Puerto Rico. The company's total investment in these properties exceeds $9.9 billion.

The net lease portfolio generates annualized minimum rent of approximately $390 million from 181 tenants operating under 140 brands across 21 distinct industries. The portfolio emphasizes necessity-based and service-oriented retail properties including travel centers, quick service restaurants, health and fitness centers, casual dining establishments, grocery stores, medical and dental offices, and automotive services. TravelCenters of America represents the largest tenant concentration, with 175 travel center properties generating approximately $180 million in annualized minimum rent. The company also holds a 34 percent ownership stake in Sonesta International Hotels Corporation.

Hotel properties operate primarily under upscale and upper midscale brands including Royal Sonesta Hotels, Sonesta Hotels & Resorts, Hyatt Place, Sonesta ES Suites, and Radisson Hotels & Resorts. These properties are managed by subsidiaries of Sonesta, Hyatt Hotels Corporation, Radisson Hospitality, and InterContinental Hotels Group pursuant to management agreements typically expiring between 2026 and 2040.

During 2025, the company executed a portfolio rebalancing strategy, selling 112 hotels while acquiring 29 net lease properties. The trust maintains a weighted average lease term of 7.4 years across its net lease portfolio and employs no direct employees, relying instead on The RMR Group LLC for management and administrative services. The company's business strategy emphasizes geographic diversification, credit quality of tenants and operators, and long-term value creation through active asset management and strategic capital deployment.