Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that specializes in owning and leasing hospitality properties under long‐term, triple‐net lease agreements. The company’s primary business activities include acquiring, financing and managing a diversified portfolio of hotels and resorts operated by leading global brands. Service Properties Trust partners with third‐party hotel operators under agreements that often cover property management, maintenance and capital improvements, enabling the trust to focus on asset ownership and capital allocation.
In addition to its core lodging investments, the trust holds interests in manufactured housing communities and recreational vehicle resorts through strategic joint ventures. These complementary assets are typically located near major metropolitan areas, employment centers and retirement communities, providing stable, recurring income streams and exposure to alternative real estate sectors. Service Properties Trust’s hospitality portfolio spans full‐service hotels, select‐service properties and branded resorts across the United States and select Canadian markets.
Service Properties Trust was incorporated in 2004 as Select Income REIT and completed its initial public offering later that year. In 2017, the company acquired Service America Corporation, a national facility management services provider, and subsequently changed its name to Service Properties Trust, trading under the NASDAQ ticker “SVC.” Since that rebranding, the trust has pursued a disciplined growth strategy, deploying capital through targeted acquisitions, disposition of noncore assets and strategic joint ventures designed to enhance long‐term cash flow stability.
Headquartered in Newton, Massachusetts, Service Properties Trust is governed by an experienced board of trustees and executive team led by President and Chief Executive Officer Stephen T. Sherrill. The company emphasizes rigorous underwriting, strong operator relationships and conservative leverage practices to support its objective of delivering sustainable income and value growth for its stakeholders.
