Service Properties Trust receives unsolicited $2 billion bid for hotel portfolio from TKO Hotels
SVC•TKO Hotels submitted an unsolicited proposal to buy Service Properties Trust’s hospitality portfolio for $2 billion in cash. Service Properties Trust’s board plans to review the proposal and weigh options it deems best for the company.
1. Unsolicited cash proposal
TKO Hotels submitted an unsolicited proposal to buy Service Properties Trust’s hospitality portfolio for $2 billion in cash. The offer arrived without prior contact between the parties. Service Properties Trust’s board plans to review the proposal and weigh options it deems best for the company.
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