Service Properties Trust Elects Laurie Burns and Robert Cramer to Board of Trustees
February 27, 2020 at 07:05 pm EST
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Service Properties Trust announced that it has elected Laurie B. Burns and Robert E. Cramer to the Company’s Board as Independent Trustees, effective immediately. The elections are in furtherance of SVC’s previously announced multi-year review of its governance policies and that it was working with executive search firm Korn Ferry to expand and refresh the Board. With the addition of Ms. Burns and Mr. Cramer, SVC’s Board now has seven Trustees, including five independent Trustees, two of whom are women. Ms. Burns founded LBB Growth Partners, a real estate advisory firm focusing on restaurant and hospitality businesses, in 2017 and currently serves as its Chief Executive Officer. Ms. Burns currently serves on the Board of Directors of The First Tee of Central Florida and the City of Orlando Historic Preservation Board and previously served on the Board of Trustees of the Darden Foundation. Mr. Cramer has been Managing Partner of Riparian Partners, LLC, a middle market M&A advisory firm located in Providence, RI, since 2019. Mr. Cramer is also currently an adjunct professor of finance at Boston College Carroll School of Management.
Service Properties Trust is a real estate investment trust. The Company operates through two segments: hotel investments and net lease investments. It owns a portfolio of hotels and net lease service and necessity-based retail properties. The Company owns over 221 hotels with approximately 37,000 rooms or suites located in over 36 states, in the District of Columbia, Ontario, Canada and San Juan, Puerto Rico. It owns approximately 752 service-oriented retail properties with over 13.3 million square feet located in approximately 42 states. The Companyâs net lease portfolio is occupied by over 175 tenants, which is operating approximately 137 brands in over 21 industries. The Company's net lease portfolio is leased to tenants that include travel centers, quick service and casual dining restaurants, movie theaters, health and fitness centers, grocery stores, automotive parts and services and other businesses in service-oriented and necessity-based industries.
SERVICE PROPERTIES TRUST 
