# Service Properties Trust Rejects Blackwells’ Requests to Engage TKO By John Kim Canonical URL: https://www.tokenpost.com/news/business/56919 Published: 2026-11-13T17:31:13.000Z Updated: 2026-11-13T17:31:13.000Z Section: Business > The board sent Blackwells a formal response letter. Blackwells is pressing the trust to pursue a sale of its hotel portfolio. Service Properties Trust rejected Blackwells Capital LLC’s requests to engage with TKO LLC and other interested parties. The board sent Blackwells a formal response letter. Blackwells is pressing the trust to pursue a sale and seeking engagement with TKO and other potential buyers. TKO proposed acquiring the trust’s entire hospitality portfolio for $2 billion in October. The dispute follows Blackwells’ [earlier push for a sale]() after TKO’s proposal. ## Links in this article - [earlier push for a sale](https://www.tokenpost.com/news/business/51764)