-

Service Properties Trust Completes the Sale of an Industrial Property for $51 Million

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has completed the sale of a 674,143 square foot property located at 555 Turnpike Street, Canton, MA for $51 million, excluding closing costs. The proceeds from the sale will be used for the repayment of debt.

John Murray, President and Chief Executive Officer of SVC, made the following statement:

“Given current market volatility, we are pleased to complete the sale of this property, a non-core industrial property acquired as part of our SMTA net lease portfolio acquisition in September 2019.”

Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 148 distinct brands across 23 industries. SVC’s properties are operated under long term management or lease agreements. SVC is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

Contacts

Kristin Brown, Director, Investor Relations
(617) 796-8232
www.svcreit.com

Industry:

Service Properties Trust

NASDAQ:SVC
Release Versions
English

Contacts

Kristin Brown, Director, Investor Relations
(617) 796-8232
www.svcreit.com

More News From Service Properties Trust

Service Properties Trust Announces 2025 Dividend Allocation

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that the characterization of dividends for 2025 income tax reporting purposes is as follows: SVC Common Shares Dividend Allocation Per Share Section Total Unrecaptured Section 897 Record Paid/Payable Dividends Ordinary 199A Qualified Capital Section 1250 Capital Return of Dates Dates Per Share Income Dividend(1) Dividend(2) Gain Gain(3) Gain Capital 01/27/25 02/20/25 $0.01 $0.0000 $0.0000 $0.0000 $0.0000 $0.0...

Service Properties Trust Announces Quarterly Dividend on Common Shares

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.01 per share ($0.04 per share per year). This distribution will be paid to SVC’s common shareholders of record as of the close of business on January 26, 2026 and distributed on or about February 19, 2026. About Service Properties Trust Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with over $10 billion invested in two...

Service Properties Trust Provides Business Update

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) (“SVC”) today provided an update on its hotel dispositions and recent actions to strengthen its balance sheet. Hotel Sales During the 2025 fourth quarter to date, SVC has closed on the sales of 66 hotels with a total of 8,294 keys for aggregate gross proceeds of approximately $534 million. Year to date, SVC has sold 112 hotels with a total of 14,631 keys for aggregate gross proceeds of approximately $859 million. SVC remains...
Back to Newsroom