SVC

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Portnoy’s lack of complaint

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If you’re a brand company which has management or franchise agreements with a Reit  - and that’s a fair few, given that Reits aren’t allowed to get into putting the mint on the pillow game themselves - you will have been watching SVC’s antics with a quickly-beating heart.

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    Service Properties Trust has received a notice of termination from Hyatt with respect to the management agreement for 22 Hyatt Place hotels owned by subsidiaries of SVC.