Service Properties Trust Provides Business Update

Completed 66 Hotel Sales for Approximately $534 Million in Gross Proceeds during Fourth Quarter to Date

Announces Partial Early Redemption of Senior Unsecured Notes due February 2027

NEWTON, Mass.–(BUSINESS WIRE)–Service Properties Trust (Nasdaq: SVC) (“SVC”) today provided an update on its hotel dispositions and recent actions to strengthen its balance sheet.

Hotel Sales

During the 2025 fourth quarter to date, SVC has closed on the sales of 66 hotels with a total of 8,294 keys for aggregate gross proceeds of approximately $534 million. Year to date, SVC has sold 112 hotels with a total of 14,631 keys for aggregate gross proceeds of approximately $859 million. SVC remains under agreement to sell two additional hotels for a total sales price of approximately $12 million, and expects to complete one of those sales by year end and the other in January 2026.

An agreement for the sale of seven focused-service hotels totaling 890 keys for a total sales price of approximately $88 million has been terminated and SVC is evaluating sale alternatives for these hotels. Additionally, SVC intends to initiate marketing efforts in early 2026 to sell seven full-service hotels totaling 2,010 keys for projected gross proceeds of $90 million to $110 million.

Debt Redemption

SVC also announced today the early redemption of $300 million of its aggregate $400 million of outstanding unsecured senior notes due February 2027 at a redemption price equal to the redeemed principal amount plus accrued and unpaid interest thereon, to, but not including, the redemption date of January 16, 2026, and the applicable make-whole premium. SVC expects to fund this redemption with the proceeds from completed hotel sales.

Chris Bilotto, President and Chief Executive Officer of SVC, made the following statement:

“In 2025, we made strong progress on our strategic priorities, successfully selling non-core, focused-service hotel assets and reallocating capital to strengthen our balance sheet. Building on this track record, we enter 2026 targeting transactions with the remaining focused-service hotels while advancing our broader deleveraging strategy through planned dispositions of full-service assets. These actions, combined with our commitment to improving operating performance and reducing leverage, will best position us to create long-term value for shareholders.”

About Service Properties Trust

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with over $10 billion invested in two asset categories: service-focused retail net lease properties and hotels. As of September 30, 2025, SVC owned 752 service-focused retail net lease properties with over 13.1 million square feet throughout the United States. SVC also owned 160 hotels with over 29,000 guest rooms throughout the United States and in Puerto Rico and Canada. SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $39 billion in assets under management as of September 30, 2025, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever SVC uses words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may” and negatives or derivatives of these or similar expressions, SVC is making forward-looking statements. These forward-looking statements are based upon SVC’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by SVC’s forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond SVC’s control. For example:

• This press release states that SVC remains focused on targeting transactions on the remaining focused-service hotels while advancing SVC’s broader deleveraging strategy through planned dispositions of full-service assets, and that SVC is committed to improving operating performance and reducing leverage to best position SVC to create long-term value for its shareholders. The pending sales of hotels are subject to conditions and the contemplated sales of additional hotels may not occur in the expected time frames or at all; accordingly, SVC cannot be sure that it will complete these sales, that these sales will not be delayed, that the terms will not change or, if the sales are completed, that it will use the proceeds as currently expected. Further, SVC may not find buyers for hotels it is remarketing or marketing In addition, while SVC remains committed to improving operating performance and reducing leverage to best position SVC to create long-term value for its shareholders, SVC cannot be sure that its operating performance will improve, that it will be able to reduce its leverage or that it will be able to create long-term value for its shareholders.

The information contained in SVC’s filings with the Securities and Exchange Commission (the “SEC”), including under “Risk Factors” in SVC’s periodic reports, or incorporated therein, identifies other important factors that could cause SVC’s actual results to differ materially from those stated in or implied by SVC’s forward-looking statements. SVC’s filings with the SEC are available on the SEC’s website at www.sec.gov.

You should not place undue reliance upon forward-looking statements.

Except as required by law, SVC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

Contacts

Kevin Barry, Senior Director, Investor Relations

(617) 796-8232