Service Properties Trust (SVC) announced the appointment of Chris Bilotto as a Managing Trustee, President, and Chief Executive Officer, effective March 10, 2025. Mr. Bilotto is an Executive Vice President of The RMR Group.
In his role at RMR, Mr. Bilotto oversees the acquisition platform, asset management for hotel and senior living properties, and property development. He also serves as CEO of Diversified Healthcare Trust (DHC).
This leadership change at SVC is significant for RMR, as it places an RMR executive at the helm of a major managed REIT. The appointment aims to guide SVC's strategic direction and operational performance.
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