Service Properties Trust Appoints Chris Bilotto as a Managing Trustee, President and Chief Executive Officer
NEWTON, Mass.–(BUSINESS WIRE)–Service Properties Trust (Nasdaq: SVC) today announced that Chris Bilotto has been appointed as a Managing Trustee, President and Chief Executive Officer of SVC, effective March 10, 2025.
Mr. Bilotto is an Executive Vice President of The RMR Group (Nasdaq: RMR), overseeing its acquisition platform, asset management for all hotel and senior living properties, as well as property development and redevelopment throughout the United States. Prior to joining RMR in 2011, Mr. Bilotto worked at General Growth Properties in various management roles. Mr. Bilotto also serves as a Managing Trustee, President and Chief Executive Officer of Diversified Healthcare Trust (Nasdaq: DHC).
Mr. Bilotto succeeds John Murray as Managing Trustee, and Todd Hargreaves as President and Chief Investment Officer, both of whom resigned from their positions with SVC, effective March 9, 2025. Neither Mr. Murray’s nor Mr. Hargreaves’s resignations were the result of any dispute with SVC or RMR.
About Service Properties Trust
Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2024, SVC owned 206 hotels with over 35,000 guest rooms throughout the United States and in Puerto Rico and Canada. As of December 31, 2024, SVC also owned 742 service-focused retail net lease properties with over 13.2 million square feet throughout the United States. SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $40 billion in assets under management as of December 31, 2024, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA. For more information, visit www.svcreit.com.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250309808888/en/
Kevin Barry, Senior Director, Investor Relations
(617) 796-8232
KEYWORDS: United States North America Massachusetts
INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property REIT
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