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.
Headquarters
United States of America
Address
255 Washington St Ste 300, Newton, Massachusetts, 02458-1634
Website
www.svcreit.com
Telephone
1 617 9648389
Industry
Construction
Ticker Symbol & Exchange
SVC (NASD)
Revenue (2022)
$1.9B
24.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
75.7%
(2022 vs 2021)
Market Cap*
$1.0B
Net Profit Margin (2022)
XYZ
80.5%
(2022 vs 2021)
* As of and is in US$
Service Properties Trust premium industry data and analytics
Products and Services
| Services |
|---|
| 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 |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward