Service Properties Trust announced that it has commenced a 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, and a related consent solicitation for certain proposed amendments to the indenture governing the Notes, or the Indenture, as described below. The applicable page on Bloomberg from which the Dealer Manager will quote the bid side price of the applicable U.S.Treasury security.

In the table above ?UST? denotes a U.S.Treasury security. Per 1,000 principal amount of Notes tendered and accepted for purchase.

(3) Included in the Total Consideration for Notes tendered and accepted for purchase on or prior to the Early Tender Deadline. The Offer is being made upon, and is subject to, the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated May 15, 2024, or the Offer to Purchase. The Offer will expire at 5:00 p.m., New York City time, on June 13, 2024, unless extended by SVC, or the Expiration Date, or earlier terminated.

Tenders of Notes may be withdrawn at any time at or prior to 5:00 p.m., New York City time, on May 29, 2024, which is also the Early Tender Deadline, but may not be withdrawn thereafter except in certain limited circumstances as described in the Offer to Purchase. The total consideration, or the Total Consideration, to be paid in the Offer for Notes that are validly tendered and not withdrawn at or prior to the Early Tender Deadline and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to a fixed spread over the yield to maturity of the U.S.Treasury reference security specified in the table above and in the Offer to Purchase and will include an early tender payment of $50 per $1,000 principal amount of Notes accepted for purchase, or the Early Tender Payment. Holders of Notes who validly tender their Notes following the Early Tender Deadline and prior to the Expiration Date will only receive the applicable ?Tender Offer Consideration?

per $1,000 principal amount of any such Notes tendered by such holders that are accepted for purchase, which is equal to the Total Consideration minus the Early Tender Payment. The Total Consideration will be determined at 10:00 a.m., New York City time, on May 30, 2024 unless extended by SVC, or the Pricing Date. Tenders of Notes will be accepted only in principal amounts equal to $1,000 or integral multiples of $1,000 in excess thereof.

Holders who tender less than all of their Notes must continue to hold Notes of such series in the minimum authorized denomination of $1,000 principal amount or an integral multiple of $1,000 in excess thereof.