On the Record · Park Hotels & Resorts
Park Hotels & Resorts acquisitions, on the record
The businesses Park Hotels & Resorts bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Chesapeake Lodging TrustWord for word“On September 18, 2019, pursuant to the terms and subject to the conditions set forth in the Merger Agreement, Chesapeake merged with and into Merger Sub (the “Merger”) and each of Chesapeake’s common shares of beneficial interest, $ 0.01 par value per share, was converted into $ 11.00 in cash and 0.628 of a share of our common stock.” 10-K for 2023 | agreed acquisition | On September 18, 2019 | was converted into $ 11.00 in cash and 0.628 of a share of our common stock |
two parcels of land adjacent to the Hilton Hawaiian Village Waikiki Beach ResortWord for word“In March 2023, we acquired two parcels of land, adjacent to the Hilton Hawaiian Village Waikiki Beach Resort, for a purchase price of approximately $ 18 million, including transaction costs.” 10-K for 2023 | acquisition | In March 2023 | approximately $ 18 million, including transaction costs |
Hilton Miami Airport hotelWord for word“In February 2023, we sold the Hilton Miami Airport hotel for gross proceeds of $ 118.25 million.” 10-K for 2023 | divestiture | In February 2023 | gross proceeds of $ 118.25 million |
Hilton San Francisco HotelsWord for word“For the year ended December 31, 2023, represents the gain from derecognizing the Hilton San Francisco Hotels from our consolidated balance sheet in October 2023, when the receiver took control of the hotels.” 10-K for 2023 | divestiture | October 2023 | — |
Hilton La Jolla Torrey PinesWord for word“Equity in earnings from investments in affiliates increased $20 million for the year ended December 31, 2024 primarily due to a $19 million gain from the sale of the Hilton La Jolla Torrey Pines.” 10-K for 2024 | divestiture | for the year ended December 31, 2024 | — |
DoubleTree Hotel Spokane City CenterWord for word“In December 2024, the consolidated joint venture that owned the DoubleTree Hotel Spokane City Center sold the hotel for gross proceeds of approximately $ 35 million.” 10-K for 2024 | divestiture | December 2024 | approximately $ 35 million |
one of our hotelsWord for word“The $217 million in net cash used in investing activities for the year ended December 31, 2023 was primarily attributable to $296 million of capital expenditures and land acquisitions and a $30 million reduction of restricted cash associated with the derecognition of the Hilton San Francisco hotels, partially offset by $116 million of net proceeds from the sale of one of our hotels.” 10-K for 2024 | divestiture | for the year ended December 31, 2023 | $116 million |
45 hotelsWord for word“Since our spin-off, we have sold or otherwise disposed of 45 hotels, most of them located in lower growth domestic and international markets for a total of $3 billion, which provided us with additional liquidity to de-leverage our balance sheet and to execute on a variety of strategic corporate initiatives.” 10-K for 2024 | divestiture | Since our spin-off | a total of $3 billion |
Hyatt Centric Fisherman's WharfWord for word“In May 2025, we sold the Hyatt Centric Fisherman’s Wharf, and in November 2025, we sold our ownership interest in the unconsolidated joint venture that owned and operated the Capital Hilton.” 10-K for 2025 | divestiture | May 2025 | — |
Capital Hilton (ownership interest in the unconsolidated joint venture)Word for word“In May 2025, we sold the Hyatt Centric Fisherman’s Wharf, and in November 2025, we sold our ownership interest in the unconsolidated joint venture that owned and operated the Capital Hilton.” 10-K for 2025 | divestiture | November 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses |
|---|---|---|
| 2018-12-31 | — | $379 million |
| 2019-12-31 | — | $436 million |
| 2020-12-31 | — | $208 million |
| 2021-12-31 | $0 | $477 million |
| 2022-12-31 | $0 | $149 million |
| 2023-12-31 | $11 million | — |
| 2024-12-31 | $0 | — |
| 2025-12-31 | $0 | $120 million |
Deal filings since 2016
- 2025-09-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-05-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-12-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-02-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-09-18 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-09-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-05-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Park Hotels & Resorts’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.