Service Properties Trust Sells Another 66 Hotels For $534M

Barchart·12/19/2025 13:44:15

A Newton, Massachusetts-based REIT is continuing to sell off more of its assets to pay down its debts. Service Properties Trust announced it closed on the sale of 66 hotels totaling 8,294 keys for $534M. SVC has sold 112 hotels totaling 14,631 keys for a total of $859M in 2025. The sales are part of the REIT's shift to more full-service, urban and leisure-oriented properties in strong markets. SVC aims to sell two additional hotels for $12M, with one sale expected to close by the end of the year and the other by January. Another $88M deal for seven hotels fell through, but the REIT now says...