Park Hotels & Resorts Inc. Announces Cessation of Payment on $725 Million Non-Recourse CMBS Loan Secured By Two of Its San Francisco Hotels

Park Hotels & Resorts Inc. Announces Cessation of Payment on $725 Million Non-Recourse CMBS Loan Secured By Two of Its San Francisco Hotels
Park Hotels and Resorts ^ | 6-5-23 | Park Hotels and Resorts

Posted on 06/05/2023 6:01:20 PM PDT by dynachrome

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To: Svartalfiar

You don’t know if it were an amortized loan or a balloon loan.

This was a business decision. They didn’t give anything up.

41 posted on 06/06/2023 10:44:26 AM PDT by Fido969 (45 is Superman! )

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To: Fido969

True. But even with a balloon loan, that’s a significant devaluation on the properties, especially for their size and deep inside a major city. Not a good sign for SanFran at all

42 posted on 06/07/2023 6:06:37 AM PDT by Svartalfiar

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