Service Properties Trust Terminates Agreements with Marriott for 122 Hotels

Home Hotel & Lodging Service Properties Trust Terminates Agreements with Marriott for 122 Hotels
Service Properties Trust Terminates Agreements with Marriott for 122 Hotels

SVC Terminated Marriott Agreements for Failure to Meet 80% Termination Threshold for Cumulative Owner’s Priority Returns to SVC through August SVC Plans to Transfer the Management of 98 of the 122 Hotels to Sonesta SVC has Entered Agreements to Sell…