TKO makes unsolicited $2 billion cash offer for SVC's hotel portfolio
SVC says it will study the proposal and had no prior contact from TKO, according to Connect CRE.
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SVC said it will study the proposal, noting it had no prior contact from TKO, according to Connect CRE.
TKO said the acquisition would provide SVC with immediate liquidity.
TKO LLC, a hospitality investment firm, has made an unsolicited offer to acquire the hotel portfolio of Service Properties Trust for $2 billion in cash, Connect CRE reported on Oct. 12.
SVC said it will study the proposal, noting it had no prior contact from TKO, according to Connect CRE.
TKO said the acquisition would provide SVC with immediate liquidity.
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