Business Wire·Nov 13, 2026, 6:01 PM ET

Service Properties Trust Receives Statement of Support from Shareholder Flat Footed LLC

Flat Footed LLC, an institutional shareholder of Service Properties Trust (SVC), expressed support for the Board's plan to transition the company into a pure-play triple net lease REIT.
SVC intends to begin selling its 77 retained hotels in 2027 with the goal of selling substantially all of them by the end of 2028.
The hotel sales strategy aims to maximize shareholder value through growing EBITDA & reduce SVC's leverage to no more than five times net debt to Adjusted EBITDA.
As of September 30, 2026, SVC manages $9.6 billion across 740 service-focused retail net lease properties & 87 hotels.
The RMR Group manages SVC & held approximately $37 billion in assets under management as of September 30, 2026.
Flat Footed noted that RMR-related entities have sold $3.6 billion in assets since 2021, with SVC alone selling over $1.9 billion.