Service Properties Trust released an investor presentation in November 2024, detailing its operational performance for the third quarter. For its total hotel portfolio, SVC reported an occupancy rate of 67.3%, an Average Daily Rate (ADR) of $142.22, and Revenue Per Available Room (RevPAR) of $95.72.
Hotel EBITDA for the quarter stood at $60.9 million, with a corresponding Hotel EBITDA Margin of 15.9%. The company's net lease portfolio, a key focus of its strategic pivot, comprised 745 properties representing $5.0 billion in investment.
The presentation also highlighted SVC's total company liquidity at $699 million and reiterated its strategic plan to transform its hotel portfolio and grow its service-focused retail net lease assets. This update provides further context to the company's ongoing efforts to stabilize cash flows and optimize its asset base.
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