EX-25.2 9 tm2124884d2_ex25-2.htm EXHIBIT 25.2

 

Exhibit 25.2

 

 

 

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 March 31, 2021 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 20th of August, 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: August 20, 2021

 

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

 

7

 

 

Exhibit 7

 

U.S. Bank National Association

Statement of Financial Condition

As of 6/30/2021

 

($000’s)

 

  6/30/2021 
Assets     
Cash and Balances Due From Depository Institutions  $44,435,957 
Securities   158,894,854 
Federal Funds   2,376 
Loans & Lease Financing Receivables   296,741,901 
Fixed Assets   6,294,698 
Intangible Assets   13,278,545 
Other Assets   28,204,350 
Total Assets  $547,852,681 
      
Liabilities     
Deposits  $442,902,823 
Fed Funds   1,412,092 
Treasury Demand Notes   0 
Trading Liabilities   1,119,485 
Other Borrowed Money   31,883,676 
Acceptances   0 
Subordinated Notes and Debentures   3,600,000 
Other Liabilities   14,222,155 
Total Liabilities  $495,140,231 
      
Equity     
Common and Preferred Stock   18,200 
Surplus   14,266,915 
Undivided Profits   37,622,248 
Minority Interest in Subsidiaries   805,087 
Total Equity Capital  $52,712,450 
      
Total Liabilities and Equity Capital  $547,852,681 

 

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