Park Hotels & Resorts Sells Five Non-Core Hotels for $198 Million

Reuters

Dec 09

Park Hotels & Resorts Sells Five Non-Core Hotels for $198 Million

Park Hotels & Resorts Inc. announced the sale or agreements to sell five non-core hotels for approximately $198 million in gross proceeds at an average multiple of nearly 43x. Completed transactions include the sale of the Hyatt Centric Fisherman's Wharf and a joint venture interest in the Capital Hilton DC. Three additional hotel sales are expected to close by early 2026, as the company continues its strategy to divest underperforming non-core properties.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Park Hotels & Resorts Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251209177418) on December 09, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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