---
schema_version: "secwatch.filing_event.v1"
accession: "0001617406-23-000006"
form_type: "8-K"
ticker: "PK"
cik: "0001617406"
company_name: "Park Hotels & Resorts Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:35:01.450685+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Park Hotels faces receiver appointment for two San Francisco hotels after CMBS loan default

## Summary
- Trustee filed lawsuit to appoint receiver for Hilton SF Union Square & Parc 55; default on $725M CMBS loan since June 2023.
- Receiver will have exclusive control, authority to market and sell hotels by Sept 1, 2024 (60-day extension if under contract).
- If hotels not sold within period, receivership ends with non-judicial foreclosure.
- Company anticipates receiver appointment within next few business days.

## SEC filing metadata
- accession: 0001617406-23-000006
- form_type: 8-K
- ticker: PK
- cik: 0001617406
- company_name: Park Hotels & Resorts Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617406/000161740623000006/0001617406-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617406/000161740623000006/pk-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617406-23-000006
- JSON: https://secwatch.observer/filing/0001617406-23-000006.json
- Plain text: https://secwatch.observer/filing/0001617406-23-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.