Service Properties Trust (SPT) owns and operates hotels and travel centers. It is manage by RMR Group Inc. The company's hotels are operated by range of hotel management companies such as Marriott International, InterContinental Hotels Group, Sonesta International Hotels Corporation, Wyndham Hotel Group and Hyatt Hotels Corporation. SPT's properties are operated under various brands including Royal Sonesta Hotels, Simply Suites, Radisson Blu, Country Inns & Suites, Marriott, Sonesta ES Suites and Sonesta Hotels & Resorts. The company operates in the US, Puerto Rico and Canada. SPT is headquartered in Newton, Massachusetts, the US.
Service Properties Trust premium industry data and analytics
Products and Services
Services |
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Leasing Services |
Operation of Hotels and Travel Centers |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Financing Agreements | In July, the company entered into a new US$650 million secured revolving credit facility. |
2023 | Asset Purchase | In June, the company acquired the 250-room Nautilus in Miami Beach, Florida, the US for US$165.4 million. |
2022 | Contracts/Agreements | In September, the company entered into a purchase and sale agreement to sell 16 Marriott branded hotels for US$137.3 million. |
Competitor Comparison
Key Parameters | Service Properties Trust | Host Hotels & Resorts Inc | DiamondRock Hospitality Co | Hersha Hospitality Trust | Sotherly Hotels Inc |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | Newton | Bethesda | Bethesda | Harrisburg | Williamsburg |
State/Province | Massachusetts | Maryland | Maryland | Pennsylvania | Virginia |
No. of Employees | - | 165 | 30 | 27 | 9 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Adam D Portnoy | Chairman | Executive Board | 2019 | 52 |
Brian Donley | Chief Financial Officer; Treasurer | Senior Management | 2019 | 48 |
Todd W Hargreaves | President; Chief Investment Officer | Senior Management | 2022 | 43 |
Jennifer B Clark | Secretary | Senior Management | 2008 | - |
Vern D Larkin | Director - Internal Audit | Senior Management | 2012 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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