Service Properties Trust Announces $500 Million Public Offering

04:48 PM EDT, 03/30/2026 (MT Newswires) -- Service Properties Trust (SVC) said late Monday it has commenced a $500 million underwritten public offering of its common shares.

The company said it expects to use the net proceeds to redeem all or part of the $100 million principal amount outstanding of its 4.95% senior notes due 2027 and/or the $450 million principal amount outstanding of its 5.50% senior notes due 2027.

The underwriters will also be offered a 30-day option to buy up to an additional 15% of the amount of shares to be issued and sold in the proposed offering, less underwriting discounts and commissions, according to the company.

Helix Partners and The RMR Group (RMR) have given indications of interest to buy up to $100 million and $50 million, respectively, of common shares in the proposed offering, the company said.

The company added that its president and chief executive officer, its chief financial officer and treasurer, as well as some members of its board of trustees, have also expressed interest.

Service Properties Trust (SVC) said it will expand its board of trustees to add an experienced independent trustee in the near term.

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