Service Properties Trust recently completed the sale of 31 hotels, comprising a total of 3,734 keys across 18 states, for a sum of $198.7 million, as part of a broader divestiture strategy.
With 34 out of the 35 hotels in its portfolio already sold for a total of $223.2 million, Service Properties Trust has one remaining hotel earmarked for sale at $7.1 million.
The unaudited pro forma financial statements have been prepared to illustrate the effects of these recent sales on SVC's financial standing and operational performance.
Significant Asset Disposition
Service Properties Trust has successfully executed the sale of 31 hotels for $198.7 million, representing a substantial divestment of assets for SVC.
Pro Forma Balance Sheet
The pro forma balance sheet portrays SVC's financial position accounting for the hypothetical sale of 34 hotels as of September 30, 2025.
Pro Forma Statement of Loss
The pro forma statement of loss showcases the financial outcomes if the 34 hotels were sold between January 1, 2025, and November 18, 2025.
- The recent hotel sales have triggered material alterations to SVC's balance sheet and income statement, given the scale of the asset dispositions.
- Service Properties Trust's financial standing and future performance could witness fluctuations influenced by variables such as portfolio modifications, operational expenditures, and interest rate fluctuations.
The strategic sale of hotels has redefined Service Properties Trust's financial landscape, signifying a deliberate shift in its asset mix. Through the pro forma financial statements, a clearer picture emerges of SVC's financial standing post-sales.