Service Properties Trust Appoints Jesse Abair as Vice President

Rhea-AI Summary

Service Properties Trust (SVC) has appointed Jesse Abair as Vice President. Mr. Abair is also a Vice President at The RMR Group (RMR), where he oversees development projects. He brings over 15 years of experience in commercial real estate development to his new role at SVC. Before joining RMR in 2017, Abair was a partner at a Boston law firm, managing a real estate practice.

Positive

• Appointment of Jesse Abair with over 15 years of experience in commercial real estate development.
• Mr. Abair's current role at The RMR Group could bring synergies to Service Properties Trust.
• Leadership in sourcing, underwriting, design, entitlement, and leasing could enhance SVC's development projects.

Negative

• No immediate financial or strategic benefits from the appointment were announced.
• Potential risks associated with reliance on an individual for strategic decisions.

NEWTON, Mass.--(BUSINESS WIRE)-- Service Properties Trust (Nasdaq: SVC), or SVC, today announced that Jesse Abair has been appointed as Vice President.

Mr. Abair is a Vice President of The RMR Group (Nasdaq: RMR), where he leads a team responsible for the sourcing, underwriting, design, entitlement and leasing of all development projects managed by RMR. He has more than 15 years of experience in commercial real estate development. Prior to joining RMR in 2017, Mr. Abair was a partner at a Boston law firm, where he managed a comprehensive real estate practice that included assisting clients with land use regulation and development matters.

About Service Properties Trust

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust which owns a diverse portfolio of hotels and service focused retail net lease properties across the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service. SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company. SVC is headquartered in Newton, MA.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240614697324/en/

Stephen Colbert, Director, Investor Relations

(617) 796-8232

Source: Service Properties Trust

FAQ

Who is the new Vice President of Service Properties Trust (SVC)?

Jesse Abair has been appointed as the new Vice President of Service Properties Trust (SVC).

What is Jesse Abair's experience in real estate?

Jesse Abair has over 15 years of experience in commercial real estate development.

Which company does Jesse Abair also serve as Vice President?

Jesse Abair also serves as Vice President at The RMR Group (RMR).

When did Jesse Abair join The RMR Group?

Jesse Abair joined The RMR Group in 2017.

What was Jesse Abair's role before joining The RMR Group?

Before joining The RMR Group, Jesse Abair was a partner at a Boston law firm, managing a real estate practice.