Tuesday, 25 June 2019

Park Hotels & Resorts sells three hotels for just $166 million.

Park Hotels & Resorts today announced that it closed on the sales on what it calls 'three non-core domestic assets' or in plain English - three hotels for a combined gross total of $166.0 million.

The three hotels the group has sold are the 507-room Hilton Atlanta Airport in Atlanta, Georgia, the 317-room Hilton New Orleans Airport in New Orleans, Louisiana; and the 274-room Embassy Suites Parsippany in Parsippany, New Jersey.

“I am extremely pleased with our continued progress on our capital recycling efforts." Said, Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer of Park.

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