Service Properties Trust 8-K, filed Dec 2, 2020
Service Properties Trust (SVC)
About this 8-K
Service Properties Trust filed this 8-K on December 2, 2020, reporting on events of November 25, 2020.
Items reported
- Item 1.01: Entered into a material agreement
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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In this Current Report on Form 8-K, the terms “we”, “us”, “our” and “the Company” refer to Service Properties Trust and certain of its subsidiaries, unless otherwise noted.
| Item 1.01. | Entry into a Material Definitive Agreement. |
On November 25, 2020, certain of our taxable REIT subsidiaries entered into short term hotel management agreements, or collectively, the Management Agreements, with subsidiaries of Sonesta Holdco Corporation, or Sonesta, pursuant to which we transitioned the branding and management of 99 hotels previously managed by subsidiaries of InterContinental Hotels Group, plc, or IHG, to Sonesta. One of the Management Agreements covers 93 of these hotels and the other six of these hotels are each covered by individual Management Agreements. Three additional hotels located in Canada and Puerto Rico are expected to convert in mid-December 2020 and one hotel located in Atlanta, Georgia will continue to be managed by IHG.
The Management Agreements are effective as of December 1, 2020 and expire on December 31, 2021. The terms of the Management Agreements are substantially the same as those contained in our existing management agreements with Sonesta relating to conversion hotels. The principal terms of our existing conversion management agreements with Sonesta are described in Notes 6 and 10 to our Condensed Consolidated Financial Statements in Part I, Item 1 of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, or our Quarterly Report, which descriptions are incorporated herein by reference.
We own approximately 34% of Sonesta and expect to share in the benefit of these new management agreements and in the hotels’ performance in the post-pandemic recovery.
The foregoing description of the Management Agreements is not complete and is subject to and qualified in its entirety by reference to the representative form of our existing management agreements with Sonesta relating to conversion hotels, which was filed as Exhibit 10.6 to our Quarterly Report, and is incorporated herein by reference.
Information Regarding Certain Relationships and Related Person Transactions
Sonesta is a private company that is controlled by Adam D. Portnoy, the largest owner of Sonesta and one of our Managing Trustees who also serves as one of Sonesta’s directors. One of Sonesta’s other directors is our other Managing Trustee, President and Chief Executive Officer and Sonesta’s other director serves as executive vice president, general counsel and secretary to The RMR Group LLC, or RMR LLC, our manager, and The RMR Group Inc., or RMR Inc., and as our Secretary. Sonesta’s chief executive officer and chief financial officer are officers of RMR LLC. Certain other officers and employees of Sonesta are former employees of RMR LLC. RMR LLC also provides certain services to Sonesta. As of September 30, 2020, we owned approximately 34% of Sonesta, which managed 56 of our hotels pursuant to our management agreements with Sonesta.
For further information about these and other such relationships and related person transactions, please see our Annual Report on Form 10-K for the year ended December 31, 2019, or the Annual Report, our definitive Proxy Statement for our 2020 Annual Meeting of Shareholders, or the Proxy Statement, our Quarterly Report, and our other filings with the Securities and Exchange Commission, or the SEC, including Notes 4, 5 and 9 to the Consolidated Financial Statements included in the Annual Report, the sections captioned “Business”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Related Person Transactions” and “Warning Concerning Forward-Looking Statements” of the Annual Report, the section captioned “Related Person Transactions” and the information regarding our Trustees and executive officers in the Proxy Statement, Notes 6 and 10 to the Condensed Consolidated Financial Statements included in the Quarterly Report and the sections captioned “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Related Person Transactions” and “Warning Concerning Forward-Looking Statements” of the Quarterly Report. In addition, please see the section captioned “Risk Factors” of the Annual Report and the Quarterly Report for a description of risks that may arise from these transactions and relationships. Our filings with the SEC, including the Annual Report, the Proxy Statement and the Quarterly Report, are available at the SEC’s website at www.sec.gov. Copies of certain of our agreements with these related parties are publicly available as exhibits to our public filings with the SEC and accessible at the SEC’s website.
Warning Concerning Forward-Looking Statements
This Current Report on Form 8-K 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 we use words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may” and negatives or derivatives of these or similar expressions, we are making forward-looking statements. These forward-looking statements are based upon our 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 our forward-looking statements as a result of various factors. For example:
| • | Sonesta is a small privately held company with less resources and scale compared to IHG. If Sonesta were to fail to provide quality services and amenities or to maintain a quality brand, our income from these properties may be adversely affected. There can be no assurance that Sonesta can operate the hotels rebranded from IHG as effectively or for returns at levels that could otherwise be achieved by IHG. Further, if we were required to replace Sonesta, we could experience significant disruptions in operations at the applicable properties, which could reduce our income and cash flows from, and the value of, those properties. We have no guarantee or security deposit under our Sonesta agreements. Accordingly, we may receive amounts from Sonesta that are less than the contractual minimum returns stated in our agreements with Sonesta or we may be requested to fund losses for our Sonesta hotels. Further, we own a 34% interest in Sonesta. If Sonesta experiences losses, or requires additional capital, Sonesta may request we fund our share through the contribution of additional capital. | |
| • | SVC has an approximate 34% ownership interest in Sonesta and SVC would therefore share in the benefit from these new management agreements and in the hotels’ performance in the post-pandemic recovery. However, Sonesta may not operate these hotels profitably and SVC may not receive the benefit it would expect to receive. Further, it is not known how long the COVID-19 pandemic will last or how severe it will be, including its continued impact on the hotel industry. Moreover, it is not known how long it will take the economy to recover following the pandemic or what adverse changes on the hotel industry may be realized, such as if business and leisure travel are significantly reduced on a long-term or permanent basis. These and other factors may adversely affect the performance of these hotels, regardless of which operator is managing them. | |
| • | Three additional hotels are expected to be converted to Sonesta brands and management in mid-December. These conversions are subject to various conditions that may not occur and these conversions may be delayed. |
The information contained in our filings with the SEC, including under the caption “Risk Factors” in our Annual Report and our Quarterly Report, identifies other important factors that could cause our actual results to differ materially from those stated in or implied by our forward-looking statements. Our 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, we do not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| 10.1 | Representative Form of Management Agreement between Sonesta International Hotels Corporation and Cambridge TRS, Inc. (Conversion Hotels) (incorporated by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020) (schedule of applicable agreements filed herewith.) | |
| 104 | Cover Page Interactive Data File. (Embedded within the Inline XBRL document.) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SERVICE PROPERTIES TRUST | ||
| By: | /s/ Brian E. Donley | |
| Name: | Brian E. Donley | |
| Title: | Chief Financial Officer and Treasurer | |
Dated: December 2, 2020
Exhibit 10.1
Schedule to Exhibit 10.1
There are 101 management agreements with subsidiaries of Sonesta Holdco Corporation, or Sonesta, for hotels which we and Sonesta have designated as conversion hotels, a representative form of which is filed as Exhibit 10.6 to our Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 and which is incorporated herein by reference. The other 100 management agreements, with the respective parties and applicable to the respective hotels listed below, are substantially identical in all material respects to the representative form of management agreement.
| Owner | Name/Trade
Name and Street Address |
Landlord | Manager | Effective Date | Service Level | Owner’s Priority |
| SVC NJ TRS LLC | Sonesta Hamilton Park Morristown 175 Park Avenue Florham Park, New Jersey 07932 |
HPT Cambridge LLC | Sonesta NJ LLC | 10/01/2020 | Full Service | $5,484,939 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Huntsville 201 Exchange Pl Huntsville, AL |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $878,991.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Birmingham 600 Corporate Ridge Dr Birmingham, AL |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $844,082.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Phoenix 11411 N Black Canyon Hwy Phoenix, AZ |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $798,056.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Phoenix Tempe 1335 W Baseline Road Tempe, AZ |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,029,140.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites San Diego - Rancho Bernardo 11855 Avenue of Industry San Diego, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,715,539.00 |
| HPT TRS IHG-2, Inc. | Sonesta Simply Suites Anaheim | HPT IHG-2 Properties Trust | Sonesta International | 12/01/2020 | Select Service | $931,185.00 |
| 12901
Garden Grove Blvd Garden Grove, CA |
Hotels Corporation | |||||
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites San Francisco Airport 1350 Huntington Ave San Bruno, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,461,762.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites San Jose Airport 1602 Crane Court San Jose, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $2,585,487.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Orange County Spectrum Center 16150 Sand Canyon Ave Irvine, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $930,451.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Anaheim 1855 S Manchester Avenue Anaheim, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $2,765,254.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Anaheim 1915 S Manchester Avenue Anaheim, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $1,507,802.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Torrance Redondo Beach 19901 Prairie Ave Torrance, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,897,192.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Chatsworth 21902 Lassen Chatsworth, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,434,478.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Orange County Airport 2600 Red Hill Avenue Santa Ana, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,072,784.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Orange County Irvine 3 South Pointe Drive Lake Forest, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,065,780.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Silicon Valley Santa Clara 481 El Camino Real Santa Clara, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,059,827.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Los Angeles Airport 5985 W Century Blvd Los Angeles, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $4,267,197.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites San Diego - Sorrento Mesa 6639 Mira Mesa Blvd San Diego, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $2,032,577.00 |
| HPT TRS IHG-2, Inc. | Sonesta
San Jose 777 Bellew Drive Milpitas, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $3,732,839.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Sunnyvale 900 Hamlin Ct Sunnyvale, CA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $3,152,598.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Denver 1450 Glenarm Place Denver, CO |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $7,648,405.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Denver South 7820 Park Meadows Drive Lonetree, CO |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,376,857.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Denver Federal Center 895 Tabor Street Lakewood, CO |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $977,957.00 |
| HPT TRS IHG-2, Inc. | Royal
Sonesta Washington DC 2121 P Street NW Washington, D.C. |
HPT IHG-3 Properties LLC | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $11,316,000.00 |
| HPT TRS IHG-2, Inc. | Sonesta Simply Suites Clearwater | HPT IHG-2 Properties Trust | Sonesta International | 12/01/2020 | Select Service | $646,337.00 |
| 13231
49th St N Clearwater, FL |
Hotels Corporation | |||||
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Fort Lauderdale Plantation 410 North Pine Island Road Fort Lauderdale, FL |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,746,591.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Jacksonville 4990 Belfort Road Jacksonville, FL |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $943,231.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Lake Buena Vista 8751 Suiteside Drive Orlando, FL |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $2,780,439.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Miami Airport 8855 NW 27th St Miami, FL |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,017,411.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Miami Airport 950 NW 42nd Avenue Miami, FL |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $2,450,702.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Atlanta Airport North 1325 Virginia Avenue Atlanta, GA |
HPT IHG-3 Properties LLC | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $5,172,449.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Atlanta 3665 Shackleford Rd Duluth, GA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $865,511.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Alpharetta North Point 3980 North Point Parkway Alpharetta, GA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,225,640.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Atlanta - Perimeter Center 4601 Ridgeview Road Dunwoody, GA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,558,947.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Atlanta Airport South 4669 Airport Blvd Atlanta, GA |
HPT IHG GA Properties LLC | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $1,960,466.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Des Moines 7625 Office Plaza Drive N Des Moines, IA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $782,848.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Chicago O'Hare Airport 10233 West Higgins Road Rosemont, IL |
HPT IHG-3 Properties LLC | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $3,359,209.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Chicago Libertyville 1100 N US Route 45 Libertyville, IL |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $849,479.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Chicago Waukegan 1151 S Waukegan Rd Waukegan, IL |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $805,302.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Chicago Naperville 27 W 300 Warrenville Rd Warrenville, IL |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $961,214.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Chicago O'Hare 4021 N Mannheim Rd Schiller Park, IL |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,629,888.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Kansas City Overland Park 11001 Oakmont Overland Park, KS |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $737,032.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Wichita Northeast 3141 N Webb Road Wichita, KS |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $636,684.00 |
| HPT TRS IHG-2, Inc. | Sonesta Simply Suites Wichita Airport | HPT IHG-2 Properties Trust | Sonesta International | 12/01/2020 | Select Service | $651,297.00 |
| 570
South Julia Wichita, KS |
Hotels Corporation | |||||
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Baton Rouge 4001 Nicholson Drive Baton Rouge, LA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,452,386.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Boston Burlington 130 Middlesex Turnpike Burlington, MA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,323,128.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Boston Braintree 235 Wood Road Braintree, MA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,347,308.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Baltimore BWI Airport 1247 Winterson Road Linthicum Heights, MD |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,160,156.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Detroit Southfield 1 Corporate Drive Southfield, MI |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,060,711.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Detroit Troy 2550 Troy Center Dr Troy, MI |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $834,407.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Detroit Ann Arbor 701 Waymarket Way Ann Arbor, MI |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $836,303.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Detroit Warren 7010 Convention Blvd Warren, MI |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,023,967.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Minneapolis Richfield 351 West 77th Street Minneapolis, MN |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,220,324.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites St Louis Earth City 3250 Rider Trail S Earth City, MO |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $775,948.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Charlotte 5700 Westpark Drive Charlotte, NC |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $3,632,053.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Charlotte University 8812 University East Drive Charlotte, NC |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $974,464.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Philadelphia Mount Laurel 4000 Crawford Place Mount Laurel, NJ |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $877,530.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Somerset 41 World's Fair Drive Somerset, NJ |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,020,029.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Albuquerque 3025 Menaul Blvd NE Albuquerque, NM |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,032,400.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Las Vegas 4034 South Paradise Road Las Vegas, NV |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $2,573,572.00 |
| HPT TRS IHG-2, Inc. | Sonesta
White Plains 66 Hale Avenue White Plains, NY |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $7,237,772.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Cleveland North Olmsted 24741 Country Club Blvd N Olmstead, OH |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $907,042.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Columbus 33 East Nationwide Blvd Columbus, OH |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $5,357,317.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Columbus Airport 590 Taylor Rd Gahanna, OH |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $764,858.00 |
| HPT TRS IHG-2, Inc. | Candlewood
Suites Oklahoma City 4400 River Park Drive Oklahoma City, OK |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $785,795.00 |
| HPT TRS IHG-2, Inc. | Royal
Sonesta Portland 506 SW Washington Street Portland, OR |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $9,120,000.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Pittsburgh Airport 100 Chauvet Drive Pittsburgh, PA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,006,515.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Philadelphia Willow Grove 250 Business Center Drive Horsham, PA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $918,845.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Knoxville 10206 Parkside Drive Knoxville, TN |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $568,242.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Nashville Brentwood 5129 Virginia Way Brentwood, TN |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $986,474.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Austin Arboretum 10201 Stonelake Blvd Austin, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,341,256.00 |
| HPT TRS IHG-2, Inc. | Sonesta Simply Suites Houston CityCentre | HPT IHG-2 Properties Trust | Sonesta International | 12/01/2020 | Select Service | $985,633.00 |
| 10503
Town & Country Way Houston, TX |
Hotels Corporation | |||||
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Dallas - Las Colinas 1201 Executive Circle Irving, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $952,953.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Dallas Richardson 12525 Greenville Ave Dallas, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $849,104.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Dallas Galleria 13939 Noel Road Dallas, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $947,901.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Arlington 2221 Brookhollow Plaza Dr Arlington, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $798,280.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Houston Clear Lake 2737 Bay Area Blvd Houston, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $876,441.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Houston Westchase 4033 W Sam Houston Parkway Houston, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $975,908.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Austin South 4320 IH 35 Frontage Road Austin, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,090,683.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites San Antonio Northwest 4320 Spectrum One San Antonio, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,275,847.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Plano 4701 Legacy Drive Plano, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $884,916.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Houston Galleria 4900 Loop Central Dr Houston, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $846,728.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Fort Worth 5201 Endicott Avenue Fort Worth, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $633,173.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Dallas Las Colinas 5300 Green Park Drive Irving, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,090,057.00 |
| HPT TRS IHG-2, Inc. | The
Stephen F Austin Royal Sonesta Hotel 701 Congress Avenue Austin, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $4,948,054.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites San Antonio Northwest 9350 IH 10 West San Antonio, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $637,813.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Austin Arboretum 9701 Stonelake Boulevard Austin, TX |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,151,626.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Salt Lake City Airport 2170 West North Temple Salt Lake City, UT |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $914,023.00 |
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Dulles Airport 13700 Coppermine Rd Herndon, VA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,940,640.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Simply Suites Hampton 401 Butler Farm Road Hampton, VA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $811,758.00 |
| HPT TRS IHG-2, Inc. | The Alexis Royal Sonesta Hotel | HPT IHG-2 Properties Trust | Sonesta International | 12/01/2020 | Full Service | $6,510,194.00 |
| 1007
First Avenue Seattle, WA |
Hotels Corporation | |||||
| HPT TRS IHG-2, Inc. | Sonesta
ES Suites Vancouver - Portland West 7301 NE 41st Street Vancouver, WA |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Select Service | $1,379,753.00 |
| HPT TRS IHG-2, Inc. | Sonesta
Milwaukee West 10499 Innovation Drive Milwaukee, WI |
HPT IHG-2 Properties Trust | Sonesta International Hotels Corporation | 12/01/2020 | Full Service | $2,400,000.00 |
| SVC Randolph Street TRS LLC | The
Allegro Royal Sonesta Hotel Chicago, Illinois 60601 |
HPT IHG-3 Properties LLC | Sonesta Randolph Street LLC | 12/01/2020 | Full Service | $7,217,620 |
| HPT State Street TRS LLC | Royal
Sonesta Chicago River North Chicago, Illinois 60654 |
HPT IHG Chicago Property LLC | Sonesta State Street LLC | 12/01/2020 | Full Service | $4,400,000 |
| SVC Redondo Beach TRS LLC | Sonesta
Redondo Beach and Marina Redondo Beach, California 90277 |
HPT IHG-2 Properties Trust | Sonesta Redondo Beach LLC | 12/01/2020 | Full Service | $6,431,772 |
| SVC Jersey City TRS LLC | Sonesta
Jersey City Jersey City, New Jersey 07302 |
HPT IHG-2 Properties Trust | Sonesta Jersey City LLC | 12/01/2020 | Select Service | $3,005,981 |
| SVC Morris Plains TRS LLC | Sonesta
Parsippany Morris Plains Morris Plains, New Jersey 07950 |
HPT IHG-2 Properties Trust | Sonesta Morris Plains LLC | 12/01/2020 | Select Service | $1,079,582 |
| SVC Nanuet TRS LLC | Sonesta
Nanuet Rockland County Nanuet, New York 10954 |
HPT IHG-2 Properties Trust | Sonesta Nanuet LLC | 12/01/2020 | Select Service | $1,097,041 |