Service Properties Trust reported strong strategic progress in Q3 2025, highlighted by successful asset sales and improved balance sheet metrics, despite external challenges in the travel sector.

• Generated over $850 million from capital markets activities, including $295 million from hotel sales and $490 million from zero-coupon bond issuance.
• RevPAR outperformed the broader industry by 160 basis points, supported by occupancy gains despite a decline in Average Daily Rate (ADR).
• Completed the sale of 121 hotels for gross proceeds of $959 million, with further dispositions expected to enhance financial flexibility and support debt repayments.
• The net lease portfolio demonstrated stability, with over 2% rent growth and occupancy maintained above 97%, underscoring resilience amid consumer demand trends.
• Anticipate improved hotel performance following significant renovations and expected normalization post-asset dispositions.