{"id":1004231288,"date":"2018-05-22T05:45:02","date_gmt":"2018-05-22T13:45:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004231288"},"modified":"2022-12-08T19:07:23","modified_gmt":"2022-12-09T03:07:23","slug":"hilton-berlin-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hilton-berlin-changes-hands\/","title":{"rendered":"Hilton Berlin Changes Hands"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004231290\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Berlin.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004231290\" data-attachment-id=\"1004231290\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hilton-berlin-changes-hands\/hilton-berlin\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Berlin.png\" data-orig-size=\"800,622\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Hilton Berlin\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Berlin.png?w=800\" loading=\"lazy\" class=\"wp-image-1004231290 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Berlin.png\" alt=\"Hilton Berlin\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Berlin.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Berlin.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Berlin.png?resize=768,597 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004231290\" class=\"wp-caption-text\">Hilton Berlin<\/p><\/div>\n<p>Park Hotels &amp; Resorts Inc. has closed the sale of Hilton Berlin, a 601-key hotel situated in the heart of Berlin, Germany, for nearly $350 million. This transaction marks Park\u2019s 13<sup>th<\/sup> sale in 2018 and its 10<sup>th<\/sup> in an international market.<\/p>\n<p>The sale aligns with Park\u2019s strategy of recycling capital out of non-core assets and reducing its presence in international markets, as well as in joint venture interests. Earlier in March, the company closed on the <a href=\"https:\/\/www.commercialsearch.com\/news\/park-hotels-resorts-sells-off-317m-in-non-core-assets\/\">$317 million sale of 11 non-core assets<\/a> in the United Kingdom and one South African hotel.<\/p>\n<p><em>\u201cSince the start of the year, we have successfully sold more than $500 million\u00a0in non-core assets. We continue to be impressed by the strong demand for hotel assets and are very encouraged as we begin the second phase of our capital recycling program,\u201d <\/em>Thomas Baltimore Jr., chairman &amp; CEO of Park Hotels &amp; Resorts Inc., said in prepared remarks.<\/p>\n<p>Located at Mohrenstrasse 30, across the street from Berlin\u2019s Gendarmenmarkt, the hotel is a short drive from the city\u2019s two major airports, Berlin Tegel Airport and Berlin Sch\u00f6nefeld Airport. Other major attractions include the French and German Cathedrals and the concert house.<\/p>\n<p>Hilton Berlin features 15 meeting rooms for up to 500 people, heated indoor swimming pool, fitness center, sauna, sunbed, spa, business center, bicycle rental and beauty salon. Other services include babysitting, personal training, pet services, room service and car rental desk.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This year, Park Hotels &amp; Resorts has sold more than $500 million worth of hotels as part of its plan to recycle capital out of non-core assets and reduce its presence in international markets.<\/p>\n","protected":false},"author":436,"featured_media":1004231290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,16,21742],"tags":[32805,36272],"class_list":["post-1004231288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-international","category-latest","tag-hilton","tag-park-hotels-and-resorts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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