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Blackwells Urges Service Properties Trust to Explore Sale Options

TKO LLC proposed a $2 billion purchase of the trust’s hospitality portfolio in October. Blackwells wants the trust to speak with TKO and other possible buyers.

Updated 1 min read
The office building at Two Newton Place stands in Newton, Massachusetts. (AI-generated image / EconoTimes)
The office building at Two Newton Place stands in Newton, Massachusetts. (AI-generated image / EconoTimes)

Service Properties Trust’s hospitality portfolio drew a $2 billion purchase proposal from TKO LLC in October, and activist investor Blackwells Capital is asking the trust to weigh a sale and engage prospective buyers.

Blackwells wants the trust to hold discussions with TKO and other possible buyers. Its appeal centers on considering a sale of the portfolio following TKO’s proposal.

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