Park Hotels Makes “Difficult” Decision To Stop Paying San Fran CMBS Loan, Citing “Concerns Over Street Conditions”
June 05, 2023 at 18:40 PM EDT
Park Hotels & Resorts Inc. announced Monday that it ceased making payments on a $725 million CMBS loan which is scheduled to mature in November 2023. The loan is secured by two of its San Francisco hotels that it plans to remove from its portfolio. The hotels in focus are the 1,921-room Hilton San Francisco Union Square […] Source
