Keyword: Park Hotels & Resorts
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.
Park Hotels & Resorts has closed its 13th hotel sale in 2018 and its 10th hotel in an international market.
The recently-opened hotel is the first in Singapore offered to the market since the last comparable sale in 2013.
At the 29th annual NYU International Hospitality Industry Investment Conference, a panel of CEOs debated infrastructure investment, adapting to fickle travelers and the promises of president Trump.
Hilton Worldwide is splitting its business into three separate units: a REIT, timeshare and fee-based company.