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Park Repays $1.28B Hilton Hawaiian Village CMBS Loan
FeaturedfinanceHotel Business··1 min·For: Owner, Investor, GM

Park Repays $1.28B Hilton Hawaiian Village CMBS Loan

Park Hotels & Resorts has repaid the $1.275 billion CMBS loan secured by the Hilton Hawaiian Village Waikiki Beach Resort, leaving the iconic property fully unencumbered. The payoff extends Park's debt maturity profile and significantly reduces its refinancing risk through 2027.

Key Takeaways

  1. 1Repaid $1.275B CMBS loan maturing Nov 1 using Bonnet Creek debt and term loan facilities
  2. 2Hilton Hawaiian Village Waikiki Beach Resort is now an unencumbered asset
  3. 3Extended weighted-average debt maturity to 3.1 years, with under 11% maturing by 2027

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Source: Hotel Business

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