Service Properties Trust (NASDAQ: SVC) has new sales agreement
The company is under agreements to sell two more hotels with 288 rooms for $11.9 million, with transactions expected to close by early 2026.
Total hotel-sale proceeds are expected to reach about $870.7 million, excluding closing costs, if all pending transactions close as planned.
Proceeds from hotel sales are earmarked primarily for debt reduction.
Service Properties still carries substantial leverage with total debt of about $5.77 billion and an equity market capitalization near $311 million.
Q3 2025 results show EPS of -$0.28, slightly below the -$0.25 consensus, while revenue of $478.77 million modestly exceeded the $477.97 million expectation.