Helix Partners Management LP Reports New 8.6% Stake in Service Properties Trust

On April 7, 2026, Helix Partners Management LP, along with Helix Strategic Fund LP, MMD Holdings Ltd, and Jonathan Heller, filed a Schedule 13G reporting a new 8.6% stake in Service Properties Trust (SVC). The reporting persons collectively beneficially own 55,700,000 common shares of beneficial interest. Helix Strategic Fund LP holds the shares directly, while MMD Holdings Ltd serves as its general partner. Helix Partners Management LP acts as the investment manager for the fund, and Jonathan Heller is the Chief Executive Officer of Helix Partners. The ownership calculation is based on a total of 647,221,237 common shares outstanding, which includes shares issued following a recent prospectus supplement and the exercise of an underwriters' option. The filing indicates that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. This initial filing marks a significant new position for the Helix-affiliated entities in the real estate investment trust.