EX-25.1 6 tm2022791d2_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 trsut 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 Holdings LLC Maryland Limited liability company 84-4879602
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 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 December 31, 2019 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 15th of July, 2020.

 

  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: July 15th, 2020

 

  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 12/31/2019

 

($000’s)

      
    12/31/2019 
Assets     
Cash and Balances Due From Depository Institutions  $22,256,667 
Securities   120,982,766 
Federal Funds   881,341 
Loans & Lease Financing Receivables   297,660,359 
Fixed Assets   5,895,381 
Intangible Assets   12,915,451 
Other Assets   25,412,255 
Total Assets  $486,004,220 
      
Liabilities     
Deposits  $374,303,872 
Fed Funds   1,094,396 
Treasury Demand Notes   0 
Trading Liabilities   769,407 
Other Borrowed Money   41,653,916 
Acceptances   0 
Subordinated Notes and Debentures   3,850,000 
Other Liabilities   14,940,126 
Total Liabilities  $436,611,717 
      
Equity     
Common and Preferred Stock   18,200 
Surplus    14,266,915 
Undivided Profits   34,306,761 
Minority Interest in Subsidiaries   800,627 
Total Equity Capital  $49,392,503 
      
Total Liabilities and Equity Capital  $486,004,220 

 

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