Flat Footed LLC Discloses 8.5% Stake in Service Properties Trust (SVC)

Flat Footed LLC, along with FF Hybrid, LP and Marc Andersen, filed a Schedule 13G/A on April 9, 2026, reporting a significant new ownership stake in Service Properties Trust (SVC). The reporting group disclosed beneficial ownership of 55,019,156 common shares, representing 8.5% of the company based on approximately 647.2 million shares outstanding. This total includes shares issued following the exercise of underwriters' options as reported in early April 2026. Marc Andersen, as the Managing Member of Flat Footed LLC, shared voting and dispositive power over the reported shares. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. This filing marks a substantial increase from a zero-position status previously reported, reflecting a major investment move by the Wyoming-based investment adviser into the real estate investment trust.