Park Hotels and Resorts
Park Hotels & Resorts Revamps Credit Facilities
The giant hotel REIT has bolstered its financial situation, in part through extended maturities on its $1 billion line of credit.
DC, Sao Paulo Hospitality Assets Trade for $208M
Park Hotels & Resorts sold the properties, totaling 700 guestrooms, to two separate buyers.
Key West Hotel Joins Curio Collection
The 150-key oceanfront resort owned by Park Hotels & Resorts has underwent multimillion-dollar renovations.
Ace Hotel Downtown LA Sells for $117M
Park Hotels & Resorts sold the asset to pay down debt from its recent acquisition of Chesapeake Lodging Trust.
Park Hotels Lands $950M in Financing for Chesapeake Acquisition
The previously announced merger between the two REITs is expected to close by the end of the month.
Chesapeake Agrees to Sell NYC Hotels for $138M
The two Hyatt-branded Manhattan properties are slated to change hands in September, prior to the trust’s prospective $2.7 billion merger with Park Hotels & Resorts Inc.
Park Hotels & Resorts Sells 3 Assets for $166M
The disposition of the 1,098-key portfolio helps the hospitality REIT curb leverage ahead of its $2.7 billion merger with Chesapeake Lodging Trust.
Park Hotels & Resorts Reopens Caribe Hilton in Puerto Rico
The 652-key hotel in San Juan underwent a massive renovation after it was heavily damaged by Hurricane Maria in September 2017.
Park Hotels, Chesapeake Lodging Trust to Merge in $2.7B Deal
Once the transaction is completed, the resulting company will own a 35,384-key, 66-property portfolio and have an estimated enterprise value of $12 billion.
Park Hotels Sells Phoenix Asset for $51M
The lodging REIT’s disposition of the 563-key Pointe Hilton Squaw Peak Resort is part of its portfolio transformation strategy.