Park Hotels Sells 5 Properties for $198 Million
Skift Take
Park Hotels & Resorts sold five non-core properties for $198 million and exited three others on expiring ground leases this year. Plus more hotel deal news.
The DJIA fell 179 points but Nasdaq was up 31 while the S&P 500 fell 6 points and the 10-year treasury yield was up .01 to 4.19%. Lodging stocks were modestly higher.
Park Hotels & Resorts Inc. provided an update on its Non-Core disposition activity and fourth quarter operating trends. Year-to-date, the Company has sold or entered into agreements or letters of intent to sell five Non-Core hotels for anticipated gross proceeds of approximately $198 million. Closed transactions include the sale of the 316-room Hyatt Centric Fisherman's Wharf in May 2025 and the sale of an unconsolidated joint venture interest in the 559-room Capital Hilton DC in November 2025. The three remaining transactions are expected to close by early 2026. In addition, by year-end, Park will have exited another three Non-Core hotels that were on expiring ground leases, including the 266-room Embassy Suites Kansas City Plaza, the 850-room DoubleTree Hotel
