Entering text into the input field will update the search result below

Park Hotels sells Hilton Nuremberg for $17.5M

Mar. 27, 2019 4:21 PM ETPark Hotels & Resorts Inc. (PK) StockBy: Liz Kiesche, SA News Editor6 Comments
  • Park Hotels & Resorts (NYSE:PK) closes on the sale of the 152-room Hilton Nuremberg in Germany for gross proceeds of $17.5M, or $115,000 per key.
  • When adjusted for Park's anticipated capital expenditures of $10.1M for the hotel, the sale price represents a 3.5% capitalization rate on the hotel's 2018 net operating income, or 21.2x the hotel's 2018 EBITDA.
  • Park has sold 15 non-core assets for almost $590M during the past 18 months.
  • Previously: Park Hotels sells Pointe Hilton Squaw Peak for $51.4M (Feb. 7)

Recommended For You

About PK Stock

SymbolLast Price% Chg
FFO (FWD)
PE
Div Rate (TTM)
Yield (TTM)
Market Cap
Volume
Compare to Peers

Related Stocks

SymbolLast Price% Chg
PK--
Park Hotels & Resorts Inc.