# Service Properties Trust

Service Properties Trust is an Asset Manager based in Newton, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Newton, United States
- **Region:** North America
- **Address:** Newton, MA, United States
- **Founded:** 1995
- **Assets under management:** Undisclosed
- **Website:** svcreit.com

## Regulatory record

- **Reports private funds:** No

## About

Service Properties Trust is a real estate investment trust with a portfolio of hotel properties and service-focused retail net lease properties. The RMR Group manages the company's investment strategy and asset management. The company is headquartered in Newton, Massachusetts.

## Sectors

- Real Estate
- Hospitality

## People

- Adam Portnoy — President and Chief Executive Officer
- John Murray — Chief Financial Officer and Treasurer

## Questions

### Who runs investment and capital-allocation decisions at Service Properties Trust?

Adam Portnoy serves as President and CEO and is the primary decision-maker for acquisitions, dispositions, and capital strategy. He also serves on the board of The RMR Group, the external manager, which creates a tight linkage between asset-level decisions and management-company oversight. The board of trustees, chaired by Donna Fraiche, approves major transactions and sets strategic direction.

### How is Service Properties Trust related to The RMR Group?

Service Properties Trust is externally managed by The RMR Group through a business management agreement. The trust itself has no employees; all property management, accounting, legal, and investor-relations functions are performed by RMR personnel. In exchange, the trust pays RMR a base management fee, plus incentive fees when certain performance thresholds are met. This structure is shared by several other public REITs managed by RMR, including Diversified Healthcare Trust and Seven Hills Realty Trust.

### What is the trust's relationship with Sonesta?

Service Properties Trust acquired a 34% equity stake in Sonesta International Hotels Corporation in 2021 as part of a restructuring that resolved a dispute with Marriott. The trust then rebranded many of its previously Marriott-flagged hotels under Sonesta brands, making Sonesta its largest hotel operator. This move gave the trust more control over property-level operations but also exposed it to brand-execution risk that previously sat with a third-party franchise partner.

### Does Service Properties Trust invest outside the United States?

The trust's assets are concentrated in the United States, with a smaller footprint in Canada — primarily through its net-lease portfolio of travel centers and retail properties. The hotel portfolio is entirely domestic. The trust has not disclosed plans for material international expansion, and its external-management structure with RMR, which is U.S.-based, reinforces a domestic focus.

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Last updated: 2026-06-03T20:00:00.000Z

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