Park Hotels & Resorts Inc. (NYSE:PK) today announced that, starting in June, it ceased making payments toward the $725 million non – recourse CMBS loan which is scheduled to mature in November 2023, and is secured by two of its San Francisco hotels – the 1,921 – room Hilton San Francisco Union Square and the 1,024 – room Parc 55 San Francisco.
Source: New feed