Service Properties Trust (SVC) sold four hotels with a total of 459 keys for $23.5 million on November 13, 2025, as part of a larger agreement to sell 45 hotels with 5,997 keys for $432.0 million.
The unaudited pro forma condensed consolidated financial statements reflect SVC's financial position as if certain hotel sales were completed on specific dates.
Management confirms the adjustments made to reflect the effects of the hotel sales from January 1, 2025, through November 13, 2025, in the financial statements.
Hotel Sales
SVC sold four hotels for $23.5 million on November 13, 2025, as part of a larger sale of 45 hotels for $432.0 million.
Pro Forma Statements
The unaudited pro forma condensed consolidated financial statements show the financial impact of completed hotel sales on SVC's position and results.
Future Expectations
Actual future results may differ significantly from the presented pro forma financial statements due to various factors like changes in portfolio, expenses, revenues, and interest rates.
- The sale of the four hotels on November 13, 2025, contributes to SVC's ongoing divestment strategy to enhance its portfolio.
- The pro forma financial statements provide insights into SVC's potential financial position and performance after completing the planned hotel sales.
- Investors and stakeholders can assess the impact of the hotel sales on SVC's balance sheet and results based on the pro forma statements.
Service Properties Trust's proactive approach in selling hotels as per the disclosed agreements aims to optimize its portfolio and financial performance. The unaudited pro forma statements offer a glimpse into the potential outcomes of these transactions.