The RMR Group Acquires 6.44% Stake in Service Properties Trust via Public Offering

On April 9, 2026, The RMR Group LLC, along with The RMR Group Inc., ABP Trust, and Adam D. Portnoy, filed a Schedule 13D disclosing a new significant position in Service Properties Trust (SVC). On April 2, 2026, RMR LLC purchased 41,666,666 common shares at a public offering price of $1.20 per share, totaling approximately $50 million. This acquisition represents approximately 6.44% of the Issuer's outstanding shares. The purchase was funded through cash on hand and RMR LLC's revolving credit facility. The reporting persons acquired the shares for investment purposes. Adam D. Portnoy, a Managing Trustee of the Issuer and controlling person of the RMR entities, may be deemed to beneficially own a total of 43,698,330 shares (6.75% stake) when including shares held directly and through ABP Trust. In connection with the offering, the reporting persons entered into a 90-day lock-up agreement. The filing indicates that the reporting persons may engage in discussions with management regarding strategic plans and may adjust their holdings based on market conditions.