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TKO Offers $2B All-Cash Bid for SVC's 93-Hotel Portfolio
FeaturedfinanceBoutique Hotel News··1 min·For: Owner, Investor, GM

TKO Offers $2B All-Cash Bid for SVC's 93-Hotel Portfolio

Hospitality investment firm TKO has submitted an unsolicited $2 billion all-cash offer to acquire Service Properties Trust's entire 93-hotel portfolio. The deal would encompass 21,110 rooms across Sonesta, Hyatt Place, Radisson, and Crowne Plaza brands.

Key Takeaways

  1. 1TKO offers $2 billion in cash for Service Properties Trust's complete hotel portfolio
  2. 2The portfolio includes 93 properties and 21,110 rooms across multiple major brands
  3. 3Proceeds would allow SVC to pay down debt and focus on net lease retail assets

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Source: Boutique Hotel News

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