Service Properties Trust plans shift to pure-play triple net lease REIT
SVC•Service Properties Trust plans to begin selling its 77 retained hotels in 2027 and target selling substantially all of them by the end of 2028. The sales aim to maximize shareholder value and reduce leverage to no more than five times net debt to Adjusted EBITDA.
1. Hotel sales plan
Service Properties Trust plans to transition into a pure-play triple-net lease REIT. It plans to begin selling its 77 retained hotels in 2027, with substantially all targeted for sale by the end of 2028. The sales aim to maximize shareholder value while reducing leverage to no more than five times net debt to Adjusted EBITDA.
