EX-25.1 4 tm213499d2_ex25-1.htm EXHIBIT 25.1

 

Exhibit 25.1

 

 

securities and exchange commission

Washington, D.C. 20549

 

 

FORM T-1

 

Statement of Eligibility Under

The Trust Indenture Act of 1939 of a

Corporation Designated to Act as Trustee

 

¨ Check if an Application to Determine Eligibility of a Trustee Pursuant to Section 305(b)(2)

 

 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

31-0841368

I.R.S. Employer Identification No.

 

800 Nicollet Mall

Minneapolis, Minnesota

 

55402

(Address of principal executive offices) (Zip Code)

 

David W. Doucette

U.S. Bank National Association

One Federal Street, 10th Floor

Boston, MA 02110

(617) 603-6534

(Name, address and telephone number of agent for service)

 

SERVICE PROPERTIES TRUST

SUBSIDIARY GUARANTOR REGISTRANTS (SEE BELOW)

(Exact name of obligor as specified in its charter)

 

Maryland 04-3262075
(State or other jurisdiction of incorporation or
organization)		 (I.R.S. Employer Identification No.)

 

Two Newton Place

255 Washington Street, Suite 300

Newton, Massachusetts

 02458-1634
(Address of principal executive offices) (Zip Code)

 

Senior Debt Securities

and Guarantees of Senior Debt Securities

(Title of the indenture securities)

 

 

 

 

 

TABLE OF CO-REGISTRANTS

 

Exact Name of Registrant as Specified in
its Charter		   State or
Jurisdiction of
Incorporation
or Organization		   Entity Type   IRS
Employer
Identification
Number
Banner NewCo LLC   Delaware   Limited liability company   84-3069989
Cambridge TRS, Inc.   Maryland   Corporation   45-4167445
Harbor Court Associates, LLC   Maryland   Limited liability company   56-2550257
Highway Ventures Borrower LLC   Delaware   Limited liability company   84-3373977
Highway Ventures LLC   Delaware   Limited liability company   84-3373884
Highway Ventures Properties LLC   Maryland   Limited liability company   26-0240108
Highway Ventures Properties Trust   Maryland   Real estate investment trust   26-0239999
HPT Cambridge LLC   Massachusetts   Limited liability company   04-6148511
HPT Clift TRS LLC   Maryland   Limited liability company   82-4109793
HPT CW MA Realty LLC   Maryland   Limited liability company   85-1552858
HPT CW MA Realty Trust   Massachusetts   Nominee Trust   46-2440496
HPT CY TRS, Inc.   Maryland   Corporation   46-1213113
HPT Geary ABC Holdings LLC   Maryland   Limited liability company   46-1920850
HPT Geary Properties Trust   Maryland   Real estate investment trust   46-2080511
HPT IHG Chicago Property LLC   Maryland   Limited liability company   84-2997973
HPT IHG GA Properties LLC   Maryland   Limited liability company   20-2870357
HPT IHG-2 Properties Trust   Maryland   Real estate investment trust   20-1997811
HPT IHG-3 Properties LLC   Maryland   Limited liability company   20-3947942
HPT SN Holding, Inc.   New York   Corporation   13-5648107
HPT State Street TRS LLC   Maryland   Limited liability company   84-2998086
HPT Suite Properties Trust   Maryland   Real estate investment trust   04-3397210
HPT TA Properties LLC   Maryland   Limited liability company   20-8260669
HPT TA Properties Trust   Maryland   Real estate investment trust   20-8260357
HPT TRS IHG-2, Inc.   Maryland   Corporation   20-2131948
HPT TRS Inc.   Maryland   Corporation   04-3548096
HPT TRS MRP, Inc.   Maryland   Corporation   27-4654560
HPT TRS SPES II, Inc.   Maryland   Corporation   43-2012365
HPT TRS WYN, Inc.   Maryland   Corporation   46-0781608
HPT Wacker Drive TRS LLC   Maryland   Limited liability company   84-2998217
HPTCY Properties Trust   Maryland   Real estate investment trust   04-3308179
HPTMI Hawaii, Inc.   Delaware   Corporation   04-3563876
HPTMI Properties Trust   Maryland   Real estate investment trust   04-3360772
HPTWN Properties Trust   Maryland   Real estate investment trust   04-3308198
Royal Sonesta, Inc.   Louisiana   Corporation   72-0803191
SVC Gatehall Drive TRS LLC   Maryland   Limited liability company   86-1396045
SVC Holdings LLC   Maryland   Limited liability company   84-4879602
SVC Jersey City TRS LLC   Maryland   Limited liability company   85-3494714
SVC Morris Plains TRS LLC   Maryland   Limited liability company   85-3494969
SVC Nanuet TRS LLC   Maryland   Limited liability company   85-3495195
SVC NJ TRS LLC   Maryland   Limited liability company   85-2484541
SVC Randolph Street TRS LLC   Maryland   Limited liability company   85-3500521
SVC Redondo Beach TRS LLC   Maryland   Limited liability company   85-3506957
SVCN 1 LLC   Delaware   Limited liability company   20-1262089
SVCN 2 LLC   Delaware   Limited liability company   20-2928350
SVCN 3 LLC   Delaware   Limited liability company   20-3118006
SVCN 4 LLC   Delaware   Limited liability company   84-3069763
SVCN 5 LLC   Delaware   Limited liability company   84-3069896

 

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FORM T-1

 

Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.

 

  a) Name and address of each examining or supervising authority to which it is subject.

 

Comptroller of the Currency

Washington, D.C.

 

  b) Whether it is authorized to exercise corporate trust powers.

 

Yes

 

Item 2. AFFILIATIONS WITH THE OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

 

None

 

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

  1. A copy of the Articles of Association of the Trustee.*

 

  2. A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

 

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 

  4. A copy of the existing bylaws of the Trustee.**

 

  5. A copy of each Indenture referred to in Item 4. Not applicable.

 

  6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

  7. Report of Condition of the Trustee as of June 30, 2020 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

 

** Incorporated by reference to Exhibit 25.1 to registration statement on form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.

 

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SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Boston, Commonwealth of Massachusetts on the 29th of January, 2021.

 

  By: /s/ David W. Doucette
    David W. Doucette
    Vice President

 

4

 

 

Exhibit 2

 

 

 

5

 

 

Exhibit 3

 

 

 

6

 

 

Exhibit 6

 

CONSENT

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Dated: January 29, 2021

 

  By: /s/ David W. Doucette
    David W. Doucette
    Vice President

 

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Exhibit 7

 

U.S. Bank National Association

Statement of Financial Condition

As of 06/30/2020

 

($000’s)

 

   6/30/2020 
Assets     
Cash and Balances Due From  $52,265,124 
Depository Institutions     
Securities   126,598,837 
Federal Funds   806 
Loans & Lease Financing Receivables   311,129,409 
Fixed Assets   7,834,494 
Intangible Assets   12,365,020 
Other Assets   26,097,656 
Total Assets  $536,291,346 
      
Liabilities     
Deposits  $425,279,286 
Fed Funds   2,453,923 
Treasury Demand Notes   0 
Trading Liabilities   1,018,213 
Other Borrowed Money   36,976,115 
Acceptances   0 
Subordinated Notes and Debentures   3,850,000 
Other Liabilities   14,538,821 
Total Liabilities  $484,116,358 
      
Equity     
Common and Preferred Stock   18,200 
Surplus   14,266,915 
Undivided Profits   37,089,306 
Minority Interest in Subsidiaries   800,567 
Total Equity Capital  $52,174,988 
      
Total Liabilities and Equity Capital  $536,291,346 

 

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