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Home Commercial Park Hotels & Resorts Announces Cessation of Payment on $725MM Non-Recourse CMBS Loan Secured By Two of Its San Francisco Hotels
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Park Hotels & Resorts Announces Cessation of Payment on $725MM Non-Recourse CMBS Loan Secured By Two of Its San Francisco Hotels

June 5, 20232 Mins read1.1k
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TYSONS, Va., June 05, 2023 -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that, starting in June, it ceased making payments toward the $725 million non-recourse CMBS loan which is scheduled to mature in November 2023, and is secured by two of its San Francisco hotels—the 1,921-room Hilton San Francisco […]

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