Service Properties Trust Overview
Pro stress-test →Service Properties Trust is a real estate investment trust (REIT) with over $10 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of September 30, 2025, SVC owned 160 hotels with over 29,000 guest rooms throughout the United States and in Puerto Rico and Canada, and 752 service-focused retail net lease properties with over 13.1 million square feet throughout the United States.
Strategic Profile
Pro stress-test →The company is focused on reshaping its portfolio, reducing leverage, and improving its debt maturity profile, with recent hotel dispositions and refinancing actions intended to strengthen cash flows and lower borrowing costs. SVC is managed by The RMR Group, a leading alternative asset management company with approximately $39 billion in assets under management as of September 30, 2025, and over 35 years of institutional experience in commercial real estate.
Competitive Landscape
Pro stress-test →SVC competes in the REIT sector against other hotel and retail net lease REITs. The hospitality REIT space includes competitors like Apple Hospitality REIT and Xenia Hotels. SVC's differentiation lies in its mix of branded hotel operators (Sonesta, Hyatt, Radisson, IHG) and resilient service-focused retail (travel centers, automotive, dining). Management by RMR Group with $39B AUM provides operational expertise, though the company's modest market cap reflects leverage concerns and lodging sector cyclicality.
Industry Context
Service Properties Trust operates in Hotel and Resort REITs / Retail Net Lease REITs.
Key facts
Founded: 1995 · Headquarters: Newton, MA · Market cap: $292.5M