Service Properties Trust (SVC) is a publicly traded real estate investment trust (REIT) that primarily invests in two asset categories: hotels and service-focused retail net lease properties. The company's portfolio includes hundreds of properties spread across the United States, Puerto Rico, and Canada. SVC's hotel segment, which generates the majority of its revenue (approximately 73% as of Q1 2026), consists of properties managed by leading hospitality groups such as Sonesta, Hyatt, Radisson, and InterContinental Hotels Group. The net lease segment comprises service-focused retail properties, including travel centers, as well as other freestanding properties that are generally subject to triple-net leases. The company is externally managed by The RMR Group, a leading alternative asset management firm. SVC's strategy involves rebalancing its portfolio through strategic sale-leaseback transactions, targeted property acquisitions, and selective dispositions to optimize its asset mix and reduce leverage.
