TKO LLC makes $2 billion cash offer for 93 Service Properties Trust hotel assets
SVC Service Properties Trust
$5.93 -0.08%
View chart & analysis → - 1TKO LLC has made a $2 billion cash offer for 93 hotel assets owned by Service Properties Trust.
- 2These hotels represent approximately 12% of SVC's 838-asset portfolio.
- 3B. Riley Securities noted a low probability of the deal closing, citing TKO LLC's lack of public data and large-scale transaction history.
So what's the key point?
TKO LLC proposed to buy 93 hotels from Service Properties Trust for $2 billion. However, the likelihood of this deal actually happening seems low due to a lack of transaction history.
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