Service Properties Trust (Nasdaq: SVC) (“SVC” or the “Company”) today announced that Helix Partners Management LP (“Helix Partners”), SVC’s largest institutional shareholder, has issued a letter to SVC’s Board of Trustees (the “Board”) in support of the plan SVC’s Board has announced to transition SVC into a pure-play triple net lease REIT.

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A copy of Helix Partners’ letter to SVC’s Board is available through the multimedia link accompanying this press release.

As previously announced, SVC plans to begin selling its 77 retained hotels in 2027 with the goal of selling substantially all of them by the end of 2028. These sales are intended to maximize value for shareholders as EBITDA at the retained hotels grows, while reducing SVC’s leverage to no more than five times net debt to Adjusted EBITDA as SVC completes its transition to a pure-play triple net lease REIT.

About Service Properties Trust

SVC is a real estate investment trust with $9.6 billion invested in two asset categories: service-focused retail net lease properties and hotels. As of September 30, 2026, SVC owned 740 service-focused retail net lease properties with over 13.5 million square feet throughout the United States and 87 hotels with approximately 20,000 guest rooms throughout the United States, including Puerto Rico, and Canada. SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $37 billion in assets under management as of September 30, 2026, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA. For more information, visit www.svcreit.com.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever SVC uses words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may” and negatives or derivatives of these or similar expressions, SVC is making forward-looking statements. These forward-looking statements are based upon SVC’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by SVC’s forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond SVC’s control. Forward-looking statements in this press release, including those referencing the Board’s plan announced earlier today, include statements regarding: SVC’s plan to transition into a pure-play triple net lease REIT; the expected timing, pace, execution and proceeds of sales of the 77 retained hotels across 2027 and 2028; the potential value realization of the retained hotels and the intended benefits of the hotel sales for SVC’s shareholders; expected growth in EBITDA at the retained hotels; and SVC’s targeted reduction of leverage to no more than five times net debt to Adjusted EBITDA. For example: SVC’s ability to sell the retained hotels when, and on the terms, it expects depends on, among other things, market conditions, hotel industry trends, buyer demand and the availability and cost of debt financing to prospective buyers; SVC may not receive offers for the retained hotels at prices it considers acceptable, and the prices it realizes may be less than estimates of their value, including estimates SVC has previously disclosed; EBITDA at the retained hotels may not grow as SVC expects, or at all, and may decline; SVC may not realize the value or pace of monetization it expects for the retained hotels; SVC may not reduce its leverage to the level it expects, when expected or at all, including if the proceeds SVC uses to repay debt are low relative to the EBITDA of the hotels it sells; and SVC may not successfully complete its transition to a pure-play triple net lease REIT when expected or at all. The letter accompanying this press release reflects only the views and opinions of Helix Partners and SVC is not adopting such statements as its own.

The information contained in SVC’s filings with the Securities and Exchange Commission (the “SEC”), including under “Risk Factors” in SVC’s periodic reports, or incorporated therein, identifies other important factors that could cause SVC’s actual results to differ materially from those stated in or implied by SVC’s forward-looking statements. SVC’s filings with the SEC are available on the SEC's website at www.sec.gov.

You should not place undue reliance upon forward-looking statements.

Except as required by law, SVC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

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