Service Properties Trust Acquires the Kimpton Palomar Hotel in Chicago, IL
Service Properties Trust - Shares of Beneficial Interest (SVC)
Last service properties trust - shares of beneficial interest earnings: 2/28 07:00 am
Check Earnings Report
Company Research
Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced it has completed the purchase of the 261-room Kimpton Palomar Hotel in Chicago, IL for $55.0 million, or approximately $211,000 per key. The hotel will be added to SVC’s existing agreement with Intercontinental Hotels Group.“The Hotel Palomar is ideally located near Michigan Avenue in an economically vibrant urban community in downtown Chicago,” said John Murray, Service Properties Trust’s President and Chief Executive Officer. “Built in 2010, we believe this is a quality acquisition in a major market at a price that is well below replacement cost and that will add long-term value to SVC’s portfolio.”Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties located in 45 states, Washington, DC, Puerto Rico and Canada. SVC's properties are operated under long term management or lease ag
Show less
Read more
Impact Snapshot
Event Time:
SVC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SVC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SVC alerts
High impacting Service Properties Trust - Shares of Beneficial Interest news events
Weekly update
A roundup of the hottest topics
SVC
News
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Service Properties Trust - SVCAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Service Properties Trust - SVCAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Service Properties Trust - SVCPR Newswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Service Properties Trust - SVCAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Service Properties Trust - SVCAccesswire
SVC
Earnings
- 11/6/24 - Miss
SVC
Sec Filings
- 11/18/24 - Form 8-K
- 11/8/24 - Form 4
- 11/6/24 - Form 10-Q
- SVC's page on the SEC website