Service Properties Trust Confirms Receipt of Unsolicited Proposal for Hotel Portfolio From TKO Hotels
Business Wire•09/10/2026•18:45 ET
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Key Highlights
- ➤TKO Hotels proposed acquiring SVC’s hospitality portfolio for $2.0 billion cash
- ➤SVC received the unsolicited proposal without prior contact from TKO
- ➤SVC’s Board will review TKO’s proposal and determine the best course of action
- ➤SVC owns 93 hotels with over 21,000 guest rooms across the U.S., Puerto Rico and Canada
Service Properties Trust Confirms Receipt of Unsolicited Proposal for Hotel Portfolio From TKO Hotels
Service Properties Trust (Nasdaq: SVC) (“SVC” or the “Company”) today confirmed that it had received an unsolicited proposal from TKO LLC (“TKO”) to acquire the Company’s hospitality portfolio for $2.0 billion in cash. Before receiving the proposal, the Company had no prior contact from TKO.
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