Common Stock, $0.01 par value per share
- Symbol
- PK
- Exchange
- NYSE
- Classification
- COMMON
- Status
- Current
Current Report · Items 1.02 · 8-K
Park Hotels & Resorts Inc.
PKNYSEEQUITYCurrent
Termination of a Material Definitive Agreement
Item 1.02. Termination of a Material Definitive Agreement. On September 30, 2026, Park Hotels & Resorts Inc. (the “Company”) used proceeds from the Company’s previously disclosed $700 million delayed-draw Bonnet Creek mortgage financing and a $600 million draw from its previously disclosed unsecured delayed-draw term loan facility to repay in full the $1.275 billion outstanding, and terminate its…
Company context
Park is one of the largest publicly-traded lodging real estate investment trusts (“REIT”) with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 29 premium-branded hotels and resorts with approximately 21,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information.
Current securities
Registered securities in this filing
Park Hotels & Resorts Inc. · 8-K · Filed 2026-09-30
Disclosure sections
Item 1.02Item 1.02 - Termination of Material Agreement
Item 1.02. Termination of a Material Definitive Agreement.
On September 30, 2026, Park Hotels & Resorts Inc. (the “Company”) used proceeds from the Company’s previously disclosed $700 million delayed-draw Bonnet Creek mortgage financing and a $600 million draw from its previously disclosed unsecured delayed-draw term loan facility to repay in full the $1.275 billion outstanding, and terminate its obligations, under the loan agreement secured by the Hilton Hawaiian Village Waikiki Beach Resort (“HHV Mortgage Loan”), dated as of October 24, 2016, by and among Hilton Hawaiian Village LLC, as borrower, Hilton Hawaiian Village Lessee LLC, as operating lessee, and the lenders party thereto, which HHV Mortgage Loan provided for a scheduled maturity date of November 1, 2026.
Certain of the lenders under the HHV Mortgage Loan or their affiliates may provide the Company or its subsidiaries certain commercial banking, financial advisory, and investment banking services in the ordinary course, for which they may receive customary fees and commissions.