Park Hotels & Resorts Disclosed Lawsuit Related To $725M Non-Recourse CMBS Loan Secured By Two Of Its San Francisco Hotels
Portfolio Pulse from Benzinga Newsdesk
Park Hotels & Resorts has disclosed a lawsuit related to a $725M non-recourse CMBS loan secured by two of its San Francisco hotels.

October 26, 2023 | 10:34 am
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Park Hotels & Resorts is facing a lawsuit related to a $725M non-recourse CMBS loan secured by two of its San Francisco hotels.
The lawsuit related to a significant $725M loan could potentially lead to financial instability for Park Hotels & Resorts, which may negatively impact investor sentiment and thus the stock price. The fact that the loan is secured by two of its properties also indicates that the outcome of the lawsuit could have direct implications for the company's assets.
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