TKO proposes buying Service Properties Trust hotel portfolio for $2 billion
TKO LLC proposed purchasing Service Properties Trust’s hotel portfolio for $2 billion; the REIT shares rose about 15% to $7.15, then gained after-hours to $7.22.
By Elias Schisgall TKO LLC said it proposed purchasing Service Properties Trust's hotel portfolio for $2 billion. 22 after the bell. Standard Motor Products said its finance chief, Nathan Iles, is resigning to take a CFO role at another company. 90 in after-hours trading.
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