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Park Hotels & Resorts Inc. Successfully Repays the $1.275 Billion CMBS Loan Secured by the Hilton Hawaiian Village Resort

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  • Park Hotels & Resorts Inc. successfully repaid the $1.275 billion CMBS loan secured by the Hilton Hawaiian Village Waikiki Beach Resort ahead of its November 1, 2026 maturity.
  • The repayment was funded using $700 million from a delayed-draw Bonnet Creek mortgage financing & a $600 million draw from a delayed-draw term loan facility.
  • The transaction extended Park's weighted-average debt maturity by approximately 1.5 years to 3.1 years, with less than 11% of total debt maturing through 2027.
  • The repayment unencumbered the Hilton Hawaiian Village asset, providing Park with greater strategic flexibility to pursue shareholder value opportunities.
  • Thomas J. Baltimore, Jr., Chairman & CEO of Park, stated the milestone strengthens the balance sheet & enhances financial flexibility.