TKO Hotels Proposes $2B Acquisition of Service Properties Trust Hotel Portfolio

Key Facts

1TKO Hotels has submitted a formal written offer to acquire the hotel portfolio of Service Properties Trust for $2 billion.

TKO Hotels has submitted a formal written offer to acquire the hotel portfolio of Service Properties Trust for $2 billion in cash. PR Newswire reported that the proposal follows recent financial pressure on Service Properties Trust, which recently raised $500 million to address debt obligations amid a decline in its share price.

Service Properties Trust, trading under the ticker SVC, closed at $6.22 on October 8, 2026. The proposed $2 billion purchase price for the hotel portfolio reportedly exceeds the company's entire current public market capitalization, potentially enabling the firm to retire more than 40% of its outstanding indebtedness.