Financing ·
Park Hotels repays $1.275 billion Hilton Hawaiian Village mortgage loan early using new Bonnet Creek financing and term loan proceeds
PKPark Hotels & Resorts Inc.
On September 30, 2026, Park Hotels & Resorts Inc. repaid in full the $1.275 billion outstanding Hilton Hawaiian Village Waikiki Beach Resort mortgage loan (HHV Mortgage Loan) and terminated its obligations under that agreement. The repayment was funded using proceeds from a previously disclosed $700 million delayed-draw Bonnet Creek mortgage financing and a $600 million draw from a previously disclosed unsecured delayed-draw term loan facility. This action satisfied the debt ahead of its scheduled maturity date of November 1, 2026. The company operates in the hospitality industry, owning and managing luxury hotels and resorts.