Service Properties Trust Announces Third Quarter 2022 Results
Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended September 30, 2022
By AP News
Published - Nov 03, 2022, 04:18 PM ET
Last Updated - Mar 18, 2024, 02:18 PM EDT
NEWTON, Mass.--(BUSINESS WIRE)--Nov 3, 2022--
Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended September 30, 2022.
Todd Hargreaves, President and Chief Investment Officer of SVC, made the following statement:
“Hotel operating trends continued to recover in the third quarter, driven by increased bookings at our urban and suburban select service hotels. Comparable RevPAR increased by 29.6% over the prior year quarter. The solid performance of our operators generated a 77.1% increase in comparable hotel EBITDA over the same period last year.
