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TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Hotel operating revenues by Business
Hotels$1.34B-10.2%$1.41B-5.6%$1.47B-0.6%$1.49B0.0%$1.5B+1.1%
Net Lease$401.1M+0.2%$401.44M+0.3%$399.95M-0.4%$398.99M-0.9%$400.43M-0.3%
Hotel Management Agreements And Leases Real Estate Properties Under Agreement by Product
Full Service Hotel156-0.6%156-1.3%156-1.9%156-2.5%157-1.9%
Limited Services Hotel227-45.6%304-29.1%381404417
Select Service Hotels64-61.9%96-44.5%131-25.1%162-8.0%168-4.5%

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Questions, answered.

How does Service Properties Trust break its business down?
Service Properties Trust (SVC) reports hotel operating revenues by business across 2 parts — Hotels and Net Lease. Each is extracted from the segment footnotes and tracked over time.
Where does Service Properties Trust's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Service Properties Trust's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.