You know, labor wasn't really an outsized impact. I think overall labor costs were up 3% year over year. It's still something we're trying to, you know, monitor closely and work with our operators on the staffing models of the hotels.

May 7, 2026 / receipt, needs a key / Brian Dombic, CFO | earnings call 2026-05-07 | transcript f3af5c0d-3945-4efe-af1b-2325f886dcde | chars 21220-21454 | segment 21

Approximately two-thirds of our annual base rents are generated by our TA travel centers, backed by BP's investment-grade credit profile.

Feb 26, 2026 / receipt, needs a key / Brian Donley, CFO | earnings call 2026-02-26 | transcript 27ffc894-8609-4ef1-916b-ef9cecebc2b1 | chars 11894-12031 | segment 12

At the macro level, the U.S. travel market continues to face headwinds with demand trends remaining uneven amid persistent economic uncertainty.

Nov 6, 2025 / receipt, needs a key / Chris Bellotto, CEO | earnings call 2025-11-06 | transcript ae44aab2-0429-4a8d-b7cf-353f76660c93 | chars 4892-5036 | segment 4

Yeah, I mean, I think at a very high level from the travel trends, you know, things have generally moderated quite a bit.

Nov 6, 2025 / receipt, needs a key / Chris Bellotto, CEO | earnings call 2025-11-06 | transcript ae44aab2-0429-4a8d-b7cf-353f76660c93 | chars 22398-22519 | segment 23

I understand on the EBITDA line there's some seasonality there sequentially from Q2, but can you expand a little bit more on some of the renovation disruption in Q3 and then talk, too, about the commentary you mentioned, just in general headwinds and travel and lodging, please?

Aug 6, 2025 / receipt, needs a key / Tyler Battery, analyst | earnings call 2025-08-06 | transcript a06a360d-5a42-42a1-98dd-c1a780c61550 | chars 17670-17948 | segment 17

We plan to use these proceeds to strengthen SVC's balance sheet through debt repayments and strategies to improve the overall portfolio through certain triple net lease acquisitions and capital spending on hotels.

May 7, 2025 / receipt, needs a key / Chris Bellotto, CEO | earnings call 2025-05-07 | transcript 327e95a2-2477-4589-8dab-90a66fb9494d | chars 4571-4784 | segment 4

While performance within our lodging portfolio was in line with expectations, REVPAR softened as the quarter progressed, partially driven by a pullback in government and inbound international travel, as well as airlines reducing flight commitments and crew business.

May 7, 2025 / receipt, needs a key / Chris Bellotto, CEO | earnings call 2025-05-07 | transcript 327e95a2-2477-4589-8dab-90a66fb9494d | chars 3662-3928 | segment 3

Turning to our expectations for Q2, we are currently projecting second quarter rent bar of $99 to $102 and adjusted hotel EBITDA of $69 to $74 million. While we typically see a seasonal benefit to hotel operating results in the second quarter, we anticipate the headwinds in the travel and lodging industries to affect key segments like government and leisure. Additionally, the portfolio will be impacted by revenue displacement from ongoing hotel renovations.

May 7, 2025 / receipt, needs a key / Brian Donley, CFO | earnings call 2025-05-07 | transcript 327e95a2-2477-4589-8dab-90a66fb9494d | chars 16874-17335 | segment 16

As we announced in October, we are marketing the sale of 114 focused service and ESSA hotels with a total of 14,925 keys across the ES Suites, Simply Suites and Select brands and plan to utilize the proceeds to reduce SVC's leverage.

Feb 27, 2025 / receipt, needs a key / Todd Hargraves, CEO | earnings call 2025-02-27 | transcript 36a61261-4029-4d1c-adf6-9f6b8f1e5e5f | chars 5568-5801 | segment 5

Below the GOP line costs at our comparable hotels increased $759,000, or 1.7%, from the prior year, driven primarily by increased real estate taxes.

Feb 27, 2025 / receipt, needs a key / Brian Donley, CFO | earnings call 2025-02-27 | transcript 36a61261-4029-4d1c-adf6-9f6b8f1e5e5f | chars 12473-12621 | segment 12

We made the difficult but prudent decision to reduce the common dividend to one cent this quarter, given the recent operating performance of our hotels and the extensive CapEx program we have initiated. We expect to save $127 million annually, enhancing our liquidity and financial flexibility.

Nov 7, 2024 / receipt, needs a key / Brian Donley, CFO | earnings call 2024-11-07 | transcript 63bdb508-16f3-4c8c-8757-9a2e7ee0c7b5 | chars 13633-13927 | segment 13

Our extended stay portfolio experienced a 4.6% decline in REF PAR year-over-year. Consistent with a trend from previous quarters, our longer-term extended stay occupancy, stays of seven-plus nights, has been declining due to the loss of non-repeat project-based room nights. While synesthesis actually pivoted to shorter-term stays of these hotels to fill occupancy, the increased room nights were not enough to offset the reduced rates.

May 8, 2024 / receipt, needs a key / Todd Hargraves, President and Chief Investment Officer | earnings call 2024-05-08 | transcript 8e0b0ae4-2150-42f6-b937-14613ea6eca8 | chars 4591-5028 | segment 4