REIT that owns a diverse portfolio of hotels and net lease service-oriented retail properties across the United States and Canada.
Service Properties Trust operates as a real estate investment trust (REIT), managing a varied portfolio that includes hotels and net lease properties focused on service and necessity-based retail. Spanning the United States, Puerto Rico, and Canada, the company boasts holdings across 149 distinct brands within 23 diverse industries. These properties are predominantly operated under long-term management or lease agreements, ensuring stable income streams and operational continuity.
Service Properties Trust is overseen by the operational subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management firm headquartered in Newton, Massachusetts. RMR Inc. brings extensive expertise in managing real estate assets, enhancing SVC's ability to strategically acquire, maintain, and optimize its diverse real estate portfolio.
Headquartered in the United States, Service Properties Trust emphasizes a disciplined approach to property management and investment. The company's strategic focus on service and necessity-based retail sectors aligns with evolving consumer preferences and market demands, reinforcing its position as a leader in the REIT industry.
With a commitment to delivering value and maintaining strong tenant reltationships, Service Properties Trust continues to explore opportunities for portfolio expansion and diversification. The company's partnership with RMR Inc. supports its mission to maximize shareholder returns while upholding high standards of operational excellence and financial stewardship.