Service Properties Trust expects $69 million in cash available for distribution in 2026
SVC•Service Properties Trust projects 2026 cash available for distribution of $69 million, or $79 million excluding $10 million in hotel EBITDA losses from properties being exited. It also projects $109 million in additional EBITDA potential at retained hotels within 12 to 24 months and $97 million in retained-hotel capital spending.
1. 2026 outlook
Service Properties Trust projects $69 million in cash available for distribution in 2026, based on the midpoint of normalized funds from operations guidance of $120 million. The figure rises to $79 million excluding $10 million in hotel EBITDA losses from properties being exited.
2. Hotel plans
The trust sees approximately $109 million in additional EBITDA potential from retained hotels within 12 to 24 months, supported by renovation benefits and operating initiatives. It targets hotel EBITDA margins of approximately 20%, up from approximately 14%, and projects $97 million in retained-hotel capital spending, down from $197 million in 2025 after substantial renovation investment.
