# EDGAR Filing Document

**Accession Number:** 0001799456
**File Stem:** 0001799456-26-000007
**Filing Date:** 2026-4
**Character Count:** 12973
**Document Hash:** 76f24ef4d66b7aac7ab59cb8ee20594b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001799456-26-000007.hdr.sgml**: 20260408

**ACCESSION NUMBER**: 0001799456-26-000007

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260408

**DATE AS OF CHANGE**: 20260408

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Service Properties Trust
- **CENTRAL INDEX KEY:** 0000945394
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 043262075
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-44389
- **FILM NUMBER:** 26848831

**BUSINESS ADDRESS:**
- **STREET 1:** C/O THE RMR GROUP
- **STREET 2:** TWO NEWTON PL., 255 WASH. ST., STE. 300
- **CITY:** NEWTON
- **STATE:** MA
- **ZIP:** 02458
- **BUSINESS PHONE:** (617) 964-8389

**MAIL ADDRESS:**
- **STREET 1:** C/O THE RMR GROUP
- **STREET 2:** TWO NEWTON PL., 255 WASH. ST., STE. 300
- **CITY:** NEWTON
- **STATE:** MA
- **ZIP:** 02458

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HOSPITALITY PROPERTIES TRUST
- **DATE OF NAME CHANGE:** 19950517
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Flat Footed LLC
- **CENTRAL INDEX KEY:** 0001799456

**ORGANIZATION NAME:**
- **EIN:** 813307959
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 3415 N PINES WAY
- **STREET 2:** SUITE 205
- **CITY:** WILSON
- **STATE:** WY
- **ZIP:** 83014
- **BUSINESS PHONE:** 9174397926

**MAIL ADDRESS:**
- **STREET 1:** 3465 N PINES WAY
- **STREET 2:** SUITE 104 BOX 206
- **CITY:** WILSON
- **STATE:** WY
- **ZIP:** 83014

### Attached PDF Documents

**Attachment 1:** `13g_fft_ex1.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Service Properties Trust

**Title of Class of Securities:** Common Shares of Beneficial Interest

**CUSIP Number:** —

**Date of Event Which Requires Filing of this Statement:** 04/01/2026

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>FF Hybrid, LP | Names of Reporting Persons<br>FF Hybrid, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>55019156.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>55019156.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>55019156.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>55019156.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.4% | Percent of Class Represented by Amount in Row (9)<br>9.4% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>Flat Footed LLC | Names of Reporting Persons<br>Flat Footed LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>55019156.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>55019156.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>55019156.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>55019156.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.4% | Percent of Class Represented by Amount in Row (9)<br>9.4% |
| 12. | Type of Reporting Person (See Instructions)<br>IA, HC, OO | Type of Reporting Person (See Instructions)<br>IA, HC, OO |

---

| 1. | Names of Reporting Persons<br>Marc Andersen | Names of Reporting Persons<br>Marc Andersen |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>55019156.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>55019156.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>55019156.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>55019156.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.4% | Percent of Class Represented by Amount in Row (9)<br>9.4% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, IN | Type of Reporting Person (See Instructions)<br>HC, IN |

---

**Item 1(a). Name of Issuer:**
Service Properties Trust

**Item 1(b). Address of Issuer's Principal Executive Offices:**
C/O THE RMR GROUP, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON, MASSACHUSETTS, 02458.

**Item 2(a). Name of Person Filing:**
FF Hybrid, LP

Flat Footed LLC

Marc Andersen

**Item 2(b). Address of Principal Business Office:**
FF Hybrid, LPc/o Flat Footed LLC
3415 North Pines Way, Suite 205
Wilson, WY 83014

Flat Footed LLC
3415 North Pines Way, Suite 205
Wilson, WY 83014

Marc Andersenc/o Flat Footed LLC
3415 North Pines Way, Suite 205
Wilson, WY 83014

**Item 2(c). Citizenship:**
FF Hybrid, LP - DE

Flat Footed LLC - DE

Marc Andersen - USA

**Item 2(d). Title of Class of Securities:**
Common Shares of Beneficial Interest

**Item 2(e). CUSIP Number:**
—

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Flat Footed LLC is an investment adviser that is registered under the Investment Advisers Act of 1940.  Flat Footed LLC, which serves as the investment manager to FF Hybrid, LP and various private funds (collectively, the "Funds"), which holds securities for the benefit of their investors and Mr. Marc Andersen, as Managing Member of Flat Footed LLC, with the power to exercise investment and voting discretion, may be deemed to be the beneficial owner of all shares of Common Stock held by the Funds and by the Other Fund.  Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, as amended, each of the Funds and Other Fund expressly disclaims beneficial ownership over any of the securities reported in this statement, and the filing of this statement shall not be construed as an admission that any of the Funds or Other Fund are the beneficial owner of any of the securities reported herein.
FF Hybrid, LP - 55,019,156
Flat Footed LLC - 55,019,156
Marc Andersen - 55,019,156

**(b) Percent of class:**

Ownership percentage is based on 584,721,237 shares of the registrant's common shares outstanding as represented by the Issuer in the Prospectus filed with the Securities and Exchange Commission on April 2, 2026.
FF Hybrid, LP - 9.4%
Flat Footed LLC - 9.4%
Marc Andersen - 9.4%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

FF Hybrid, LP - 0
Flat Footed LLC - 0
Marc Andersen - 0

**(ii) Shared power to vote or to direct the vote:**

FF Hybrid, LP - 55,019,156
Flat Footed LLC - 55,019,156
Marc Andersen - 55,019,156

**(iii) Sole power to dispose or to direct the disposition of:**

FF Hybrid, LP - 0
Flat Footed LLC - 0
Marc Andersen - 0

**(iv) Shared power to dispose or to direct the disposition of:**

FF Hybrid, LP - 55,019,156
Flat Footed LLC - 55,019,156
Marc Andersen - 55,019,156

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

The Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock covered by this Statement.

**Item 7. Identification and Classification of the Subsidiary**

See Note Above.

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**FF Hybrid, LP**

**Date:** 04/08/2026

**By:** /s/ Marc Andersen

**Name & Title:** Marc Andersen, Managing Member of Flat Footed II GP, LLC, its General Partner

**Flat Footed LLC**

**Date:** 04/08/2026

**By:** /s/ Marc Andersen

**Name & Title:** Managing Member

**Marc Andersen**

**Date:** 04/08/2026

**By:** /s/ Marc Andersen

**Name & Title:** Marc Andersen