Thomas Baltimore
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.
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 & Resorts Sells Off $317M in Non-Core Assets
The publicly traded lodging REIT—a spinoff of Hilton Worldwide—divested 11 properties, mostly overseas, significantly reducing its exposure in international markets.
Hilton Sees Triple
The century-old global hospitality company has completed the spinoffs of Park Hotels & Resorts and Hilton Grand Vacations.