Blackwells Capital Urges Service Properties Trust To Reconsider Rejected $2B Hotel Portfolio Offer
Benzinga Newsdesk 10 hours ago
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Demands a Transparent, Competitive Sale Process Overseen by Unconflicted TrusteesDemands Repeal of Bylaw Provisions Blackwells Believes Unlawfully Extinguish the Rights That Make a Share a ShareNEW YORK, Nov. 06, 2026
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.