Parc 55 San Francisco – a Hilton Hotel
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Park Hotels & Resorts Inc. Announces Completion of the Sale of Hilton San Francisco Union Square and Parc 55 San Francisco – a Hilton Hotel by Court-Appointed Receiver
Businesswire· 2025-11-24 11:30
Core Viewpoint - Park Hotels & Resorts Inc. announced the completion of the sale of two major properties in San Francisco, securing a significant non-recourse loan in the process [1] Group 1: Company Actions - The court-appointed receiver completed the sale of the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco, collectively referred to as the Hilton San Francisco Hotels [1] - The sale secured a $725 million non-recourse CMBS Loan, known as the SF Mortgage Loan [1] Group 2: Financial Implications - The transaction reflects a strategic move by the company to manage its asset portfolio and financial obligations effectively [1]