# Service Properties Trust Faces $2B Hotel Bid

> Service Properties Trust faces $2 billion cash bid for 93 hotels that raises red flags for analysts.
- Title: Service Properties Trust Faces $2B Hotel Bid · The Real Deal
- Summary: Service Properties Trust faces $2 billion cash bid for 93 hotels that raises red flags for analysts. Service Properties Trust may reject a $2 billion cash…
- Keywords: service properties trust, tko, bisnow, real estate investment trust, nsvc, debt pressure, hotel portfolio, cash bid, real estate, business, Service, Properties
- Source: The Real Deal — https://therealdeal.com/national/2026/10/13/tkos-2b-cash-bid-for-93-hotel-collection-raises-red-flags
- Author: TRD Staff
- Published: 2026-10-13T17:00:00+00:00
- Read time: 1 min
- Topics: service properties trust, tko, bisnow, real estate investment trust, nsvc, debt pressure, hotel portfolio, cash bid, real estate, business
## Service Properties Trust
Service Properties Trust, listed on Nasdaq as SVC, faces a $2 billion cash bid for 93 hotels from TKO investment firm.
## Offer Details
The bid comes as the REIT evaluates its $5.8 billion debt maturities over five years and has sold 66 hotels for $534 million this year.
## Analyst Concerns
Analysts warn the offer is too large for a portfolio that makes up only 12 percent of SVC's total properties and lacks prior contact with TKO.
## Deal Feasibility
TKO would need to sever agreements with Sonesta, the largest operator, before even considering deals with Hyatt, IHG, and Radisson, raising doubts about completion.
## Key takeaway

Service Properties Trust may reject a $2 billion cash offer for 93 hotels as it faces debt pressure and analyst concerns about the deal's feasibility.