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TKO Submits $2 Billion Bid to Acquire 93 US Hotels

TKO has submitted an unsolicited $2 billion cash offer to acquire SVC's hotel portfolio comprising 93 hotels and 21,110 keys.

October 17, 2026
TKO Submits $2 Billion Bid to Acquire 93 US Hotels

TKO Ltd. submitted an unsolicited $2 billion cash offer to acquire SVC's hotel portfolio consisting of 93 hotels and 21,110 keys.

The portfolio includes full-service, select-service, and extended-stay properties, according to Connect CRE.

SVC stated that it will review the offer, noting that there had been no prior communication with TKO regarding the deal.

TKO explained that the transaction would provide SVC with immediate liquidity and allow it to focus on its retail net-lease platform.

What Do These Terms Mean?

Unsolicited offer: A buyout offer submitted by a buyer without the other party having requested or invited it.

Net lease: An arrangement in which the tenant pays rent plus property expenses such as taxes, insurance, and maintenance.

Key: A unit of measurement in the hotel industry representing a single rentable room.

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