Operator
Good morning and welcome to the Service Properties Trust First Quarter 2021 Financial Results Conference Call. [Operator Instructions]
I would now like to turn the conference over to Kristin Brown, Director, Investor Relations. Please go ahead.
Kristin Brown
Director, Investor Relations
Good morning. Joining me on today s call are John Murray, President; Brian Donley, Chief Financial Officer; and Todd Hargreaves, Chief Investment Officer. Today s call includes a presentation by management followed by a question-and-answer session with analysts. Please note that the recording, retransmission and transcription of today s conference call is prohibited without the prior written consent of SVC.
I would like to point out that today s conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based on SVC s present beliefs and expectations as
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Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended March 31, 2021.
John Murray, President and Chief Executive Officer of SVC, made the following statement:
“The first quarter marked a continued period of transition for SVC’s hotel portfolio. We converted an additional 88 hotels to Sonesta brands and management during the first quarter, following the conversion of 112 hotels during the fourth quarter of 2020. We expect disruption to our operating results from these transitions to be short-term in nature and believe that the rebranding will benefit SVC by creating more flexibility with respect to capital investments, possibly repurposing hotels to other uses, or sales. SVC also benefits from its 34% ownership of Sonesta.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Service Properties Trust Fourth Quarter 2020 Conference Call Scheduled for Monday, March 1st
February 1, 2021 GMT
NEWTON, Mass. (BUSINESS WIRE) Feb 1, 2021
Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its fourth quarter 2020 results after the Nasdaq closes on Friday, February 26, 2021. On Monday, March 1, 2021 at 10:00 a.m. Eastern Time, President and Chief Executive Officer John Murray, Chief Financial Officer Brian Donley and Chief Investment Officer Todd Hargreaves will host a conference call to discuss these results.
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The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A