Blackwells Capital urges Service Properties Trust to reconsider rejected $2B hotel offer

Blackwells Capital sent a letter to the board of trustees of Service Properties Trust urging it to reconsider its November 4 rejection of a $2.0 billion all-cash offer from TKO LLC for the Trust's hotel portfolio, demanding a written response by November 13 and an open process run by unconflicted trustees.

Detected & updated continuously · Source: Nebula