Service properties trust announces new deals with marriott

Service properties trust announces new agreements with marriott.service properties trust - term of agreements with marriott will be extended through 2035.service properties - marriott to give $30 million limited guaranty for 85% of annual owner's priority returns due through 2026, if security deposit exhausted.service properties - new agreements provide that svc will fund about $350.0 million to $400.0 million for planned renovations of hotels over next 4 years.service properties - co, marriott identified 33 of 122 hotels covered by new agreements to be sold or rebranded, co would retain proceeds of such sale.
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