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Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended March 31, 2021.
John Murray, President and Chief Executive Officer of SVC, made the following statement:
“The first quarter marked a continued period of transition for SVC’s hotel portfolio. We converted an additional 88 hotels to Sonesta brands and management during the first quarter, following the conversion of 112 hotels during the fourth quarter of 2020. We expect disruption to our operating results from these transitions to be short-term in nature and believe that the rebranding will benefit SVC by creating more flexibility with respect to capital investments, possibly repurposing hotels to other uses, or sales. SVC also benefits from its 34% ownership of Sonesta.
Office Properties Income Trust Earns 2021 ENERGY STAR® Partner of the Year Sustained Excellence Award streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Office Properties Income Trust Ranks Third on Boston Business Journal’s 2021 Middle Market Leaders List
February 11, 2021 GMT
NEWTON, Mass. (BUSINESS WIRE) Feb 11, 2021
Office Properties Income Trust (Nasdaq: OPI) today was named one of the fastest growing middle market companies in Massachusetts by the Boston Business Journal (BBJ) in its 2021 Middle Market Leaders ranking. With total revenues of $678.4 million for 2019, OPI ranked third on the list.
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The BBJ’s Middle Market Leaders list ranks publicly traded and private companies with revenues of between $25 million and $1 billion by two-year revenue growth. This is the second consecutive year that OPI is appearing on the list after ranking 17 th last year.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Industrial Logistics Properties Trust Named to Boston Business Journal’s 2021 Middle Market Leaders Ranking
February 11, 2021 GMT
NEWTON, Mass. (BUSINESS WIRE) Feb 11, 2021
Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced it was named one of the fastest growing middle market companies in Massachusetts by the Boston Business Journal (BBJ) in its 2021 Middle Market Leaders ranking. With total revenues of $229.2 million in 2019, ILPT earned 49th place on the list, which ranks publicly traded and private companies with revenues of between $25 million and $1 billion by two-year revenue growth.
Industrial Logistics Properties Trust Named to Boston Business Journals 2021 Middle Market Leaders Ranking financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.