Keyword: Park Hotels & Resorts
Thomas C. Morey will retain his role as general counsel on an interim basis until his successor is appointed.
The association named Jon Bortz, chairman, president and CEO of Pebblebrook Hotel Trust, chair of the board.
Park Hotels & Resorts sold the 410-room Le Méridien New Orleans and the 182-room Ace Hotel Downtown Los Angeles in separate sales last month.
The sale is the latest step in Park's asset-light strategy.
Chesapeake Lodging Trust's shareholders have approved its proposed merger with a subsidiary of Park Hotels & Resorts.
The real estate investment trust agreed to offload the 122-room Hyatt Herald Square New York and the 185-room Hyatt Place New York/Midtown-South.
The project at the San Juan, Puerto Rico, hotel remade the guestrooms, F&B concepts, the fitness center, the spa, the tennis center and the landscaping.
The merger of the two real estate investment trusts places the combined company’s estimated enterprise value at $12 billion.
Lodging REIT Park Hotels & Resorts has closed on the sale of the 152-room Hilton Nuremberg in Germany for $17.5 million.
In its second day, the Hunter Hotel Investment Conference included discussions about the industry's financial future, employee culture and changes needed.