Blackwells Capital Sends Letter to the Board of Trustees of Service Properties Trust

Financial Post · GlobeNewswire · 2026-11-06 13:35 UTC

Demands a Transparent, Competitive Sale Process Overseen by Unconflicted Trustees Demands Repeal of Bylaw Provisions Blackwells Believes Unlawfully

Demands a Transparent, Competitive Sale Process Overseen by Unconflicted Trustees

Demands Repeal of Bylaw Provisions Blackwells Believes Unlawfully Extinguish the Rights That Make a Share a Share

NEW YORK, Nov. 06, 2026 (GLOBE NEWSWIRE) — Blackwells Capital LLC (together with its affiliates, “Blackwells”), a shareholder of Service Properties Trust (Nasdaq: SVC; “SVC” or the “Trust”), today sent a letter to SVC’s Board of Trustees concerning the Board’s November 4 rejection of TKO LLC’s $2.0 billion all-cash offer for the Trust’s hotel portfolio, a price more than twice the market value of the entire Trust.

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