Service Properties Trust announced the pricing of its previously announced cash tender offer, or the Offer, to purchase any and all of its outstanding $350,000,000 aggregate principal amount of 4.50% Senior Notes due 2025 (CUSIP No. 44106MAT9), or the Notes. The total consideration, or the Total Consideration, for the Notes is based on the yield to ma turity of the applicable U.S. Treasury Security, or the Reference Yield, plus a fixed spread, as follows: Title of Notes: 4.50% Senior Notes due 2025.

Reference U.S. Treasury Security: 1.750% UST due March 15, 2025. Reference Yield: 5.287%. Fixed Spread (bps): +35 bps.

Total Consideration (per $1,000): $991.33. The deadline to validly withdraw tenders has passed. Accordingly, the Notes that were validly tendered and not withdrawn at or prior to 5:00 p.m., New York City time, on May 29, 2024, may not be withdrawn, except in limited circumstances where additional withdrawal rights are required by law.

The Total Consideration payable by SVC for the Notes, or the Total Consideration, was determined in the manner described in the Offer to Purchase and Consent Solicitation Statement and is equal to a price per $1,000 principal amount intended to result in a yield to maturity equal to the yield to maturity of the applicable U.S. Treasury reference securities specified above, as determined at 10:00 a.m., New York City time, on May 30, 2024, plus the applicable fixed spread specified above. The Total Consideration also includes an early tender payment of $50 per $1,000 principal amount of Notes accepted for purchase. Payments for tendered Notes will include accrued and unpaid interest from and including the most recent interest payment date for the Notes up to, but not including, the settlement date, which is expected to be June 3, 2024, subject to all conditions to the Offer having been either satisfied or waived by SVC.