Service Properties Trust is a real estate investment trust that primarily owns hotel properties in the United States, as well as Canada, and Puerto Rico. The company operates through its hotel investment unit and net lease investments. Most of the company’s revenue comes from the hotel real estate investments unit.
Hotels are categorized by two factors: service level (full service, select service, and extended stay) and chain scale (luxury, upper upscale, upscale, upper midscale, and midscale). The majority of hotels fall under the extended stay or upscale categories. Popular hotel brands include Courtyard by Marriott, Royal Sonesta, Crowne Plaza Hotels & Resorts, and Hyatt Place.
SVC has an investment portfolio of over $11 billion in hotels and service-focused retail net lease properties, as of March 31, 2023. The company owns 220 hotels with over 37,000 guest rooms across the United States and Canada, and Puerto Rico. Additionally, SVC holds 765 retail service-focused net lease properties totaling over 13 million square feet throughout the United States.
As of March 31, 2023, SVC is included in 165 market indices and comprises more than 1% of the following indices: Bloomberg Reit Hotels Index (BBREHOTL), Invesco S&P SmallCap Financials ETF INAV Index (PSCFIV), Invesco S&P SmallCap 600® Equal Weight ETF INAV Index (EWSCIV), Hoya Capital High Dividend Yield Index (GTR) (RIET), Solactive US Small Cap High Dividend Index (SOLSMHD) and Bloomberg US 2000 Real Estate Price Return Index (B2000R).
The company aims to provide shareholders with steady returns and ongoing dividend payments. Its strategic focus is on portfolio composition, balance sheet strength, and income generation through hotel investments and net lease properties.
SVC is committed to creating value for shareholders through continuous innovation in the hospitality industry, as well as actively managing its real estate investment trust portfolio. The company regularly evaluates its asset mix and portfolio composition to ensure an optimal balance of growth and income. Its team of real estate professionals is dedicated to finding new opportunities for long-term value creation. By leveraging its experience, capital, and relationships within the hospitality industry, SVC has established itself as a leader in REIT investment management.