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Company:
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SERVICE PROPERTIES TRUST (SVC)
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Form Type:
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8-K
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Filing Date:
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6/10/2020
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CIK:
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0000945394
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Address:
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C/O THE RMR GROUP
TWO NEWTON PL., 255 WASH. ST., STE. 300
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City, State, Zip:
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NEWTON, Massachusetts 02458
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Telephone:
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(617) 964-8389
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$10.54
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Change:
-0.26 (-2.41%)
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Trade Time:
Jan 27
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Market Cap:
$1.74B
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Description of Business
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The Company. We are a real estate investment trust, or REIT, formed in 1995
under the laws of the State of Maryland. As of December 31, 2019, we owned 329
hotels with 51,349 rooms or suites and 816 service-oriented retail properties
with approximately 14.9 million square feet. Our principal place of business is
Two Newton Place, 255 Washington Street, Suite 300, Newton, Massachusetts
02458-1634, and our telephone number is (617) 964-8389.
On September 20, 2019, we acquired a 767-property net lease portfolio located in
45 states from Spirit MTA REIT, a Maryland REIT, (NYSE: SMTA), or SMTA, for an
aggregate transaction value of $2.5 billion, or the SMTA Transaction. The
portfolio consisted of 767 service-oriented retail properties net leased to
tenants in 23 distinct industries and 163 brands that include quick service and
casual dining restaurants, movie theaters, health and fitness, automotive parts
and services and other service-oriented and necessity-based industries.
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