SVC seeks $11m Marriott payment

IHG Atlanta

Service Properties Trust has sent Marriott International a notice requesting an $11m payment to cover a shortfall from the operator.

Last month saw the Reit transfer the branding and management of 103 hotels from InterContinental Hotels Group to Sonesta International Hotels Corporation.

SVC said that Marriott had 10 days from receipt of the letter to make the payment, or SVC would have the right to terminate its agreement with Marriott.

The agreement covered 122 hotels in 31 states (two Marri

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