{"id":947749,"date":"2026-03-30T16:49:11","date_gmt":"2026-03-30T20:49:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/service-properties-trust-announces-500-million-underwritten-public-offering-of-common-shares\/"},"modified":"2026-03-30T16:49:11","modified_gmt":"2026-03-30T20:49:11","slug":"service-properties-trust-announces-500-million-underwritten-public-offering-of-common-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/service-properties-trust-announces-500-million-underwritten-public-offering-of-common-shares\/","title":{"rendered":"Service Properties Trust Announces $500 Million Underwritten Public Offering of Common Shares"},"content":{"rendered":"

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Service Properties Trust Announces $500 Million Underwritten Public Offering of Common Shares<\/b><\/p>\n

NEWTON, Mass.–(BUSINESS WIRE<\/a>)–Service Properties Trust (Nasdaq: SVC)<\/a> today announced that it has commenced a $500.0 million underwritten public offering of its common shares of beneficial interest. SVC expects to use the net proceeds of this proposed offering to redeem all or a portion of the $100.0 million principal amount outstanding of its 4.95% senior notes due 2027 and\/or the $450.0 million principal amount outstanding of its 5.50% senior notes due 2027. It is contemplated that the underwriters will also be granted a 30-day option to purchase up to an additional 15% of the number of common shares to be issued and sold in the proposed offering at the public offering price, less underwriting discounts and commissions.<\/p>\n

\nHelix Partners (Helix) and The RMR Group (Nasdaq: RMR), SVC\u2019s manager, have provided indications of interest to purchase up to $100.0 million and $50.0 million, respectively, of common shares in the proposed offering at the public offering price. In addition, SVC\u2019s President and Chief Executive Officer and its Chief Financial Officer and Treasurer, as well as certain members of SVC\u2019s Board of Trustees, have provided indications of interest to purchase common shares in the offering at the public offering price. Because these indications of interest are not binding agreements or commitments to purchase, any of these investors may determine to purchase more, fewer or no common shares in the proposed offering, or the underwriters may determine to sell more, fewer or none of our common shares to any of these investors.<\/p>\n

\nIn connection with the proposed offering, SVC will expand the size of the Board of Trustees to add an Independent Trustee with hotel experience in the near term, which is intended to enhance governance as SVC seeks to improve the performance of its hotel portfolio. Moreover, the entire SVC Board of Trustees is committed to maximizing shareholder value through thoughtful capital allocation between and amongst SVC\u2019s hotel and net lease retail real estate portfolios, as SVC continues to transition its portfolio to be more focused on net lease retail real estate in the future.<\/p>\n

\nYorkville Securities is acting as lead bookrunner and Jones is acting as bookrunning manager of the proposed offering.<\/p>\n

\nThe offering is being made pursuant to SVC\u2019s effective shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”), including the base prospectus therein. A preliminary prospectus supplement relating to the offering is being filed with the SEC. When available, a copy of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained by contacting Yorkville Securities, LLC at Capitalmarkets@yorkvilleglobal.com<\/a> or JonesTrading Institutional Services LLC at ECM@Jonestrading.com<\/a> or by visiting the EDGAR database on the SEC’s web site at www.sec.gov<\/a>.<\/p>\n

\nThis press release is neither an offer to sell nor a solicitation of an offer to buy common shares, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.<\/p>\n

About Service Properties Trust<\/b><\/p>\n

\nService Properties Trust (Nasdaq: SVC) is a real estate investment trust with approximately $10 billion invested in two asset categories: service-focused retail net lease properties and hotels. As of December 31, 2025, SVC owned 760 service-focused retail net lease properties with over 13.6 million square feet throughout the United States. As of December 31, 2025, SVC also owned 94 hotels with over 21,000 guest rooms throughout the United States and in Puerto Rico and Canada. SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of December 31, 2025, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA.<\/p>\n

WARNING REGARDING FORWARD-LOOKING STATEMENTS<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon SVC\u2019s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond SVC\u2019s control. For example:<\/p>\n