Park Hotels & Resorts Inc. Announces Sale of Hyatt Centric Fisherman’s Wharf
TYSONS, Va., May 22, 2025--Park Hotels & Resorts Inc. (NYSE: PK) ("Park") today announced that it has closed on the sale of the 316-room Hyatt Centric Fisherman’s Wharf located in San Francisco, CA for $80 million, or $253,000 per key. The sale price represents 64.0x 2024 EBITDA of the hotel. Proceeds from the sale will be used for ongoing return on investment ("ROI") projects in Park’s portfolio and for other general corporate purposes.