Park Hotels & Resorts repays $1.275 billion CMBS loan secured by Hilton Hawaiian Village Resort
PK•Park Hotels & Resorts repaid the $1.275 billion CMBS loan secured by the Hilton Hawaiian Village Resort. The repayment was funded by a $700 million Bonnet Creek mortgage and a $600 million term loan facility, extending weighted-average debt maturity to 3.1 years.
1. Loan repayment
Park Hotels & Resorts repaid the $1.275 billion CMBS loan secured by the Hilton Hawaiian Village Resort. The company funded the repayment with a $700 million Bonnet Creek mortgage and a $600 million term loan facility. Its weighted-average debt maturity is now 3.1 years, with less than 11% of debt maturing through 2027.
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